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This gorgeous newly renovated property is located on an expansive, tree-lined street in the highly sought-after Northwest Hills neighborhood. The house has undergone a complete transformation, being taken down to the studs and rebuilt with meticulous attention to detail. The residence offers a seamless blend of timeless appeal and modern luxury. The open-concept layout creates an ideal space for entertaining. The interior exudes an air of modern elegance, enhanced by an abundance of natural lighting throughout. The primary ensuite bedroom is generously sized and adorned with exquisite marble finishes, adding a touch of luxury to the space. Additionally, there are spacious secondary bedrooms, allowing for comfortable living arrangements. The property also includes an office/den, providing a designated space for work or relaxation. Outside, an oversized pool and a tiled patio await, offering a perfect spot to relax and unwind. The pool bath, conveniently located near a guest room, can be closed off for added privacy, making it a versatile space for visitors. Deed restrictions also allows for an accessory dwelling unit not to exceed 600/SQFT attached by a common wall or roof cover giving the homeowner an option for an additional bedroom, office, gym or rental. With easy access to outstanding schools such as Doss Elementary, Murchison Middle, and Anderson High, residents can enjoy the nearby parks and hike/bike trails, perfect for outdoor activities. Ideally situated between downtown and the Domain, offering a range of shopping, dining, and entertainment options. For those who prefer walkability, there are many shops, eateries, and cafes within a short distance. Overall, this meticulously renovated property in Northwest Hills offers a harmonious blend of classic charm and modern luxury, combined with convenient access to excellent schools, parks, and urban amenities.
Property Type
Residential
Year Built
1982
Lot Size
0.24 acres
$/Sq Ft
$586
Garage
4 spaces
Pool
Yes
Listed by eXp Realty, LLC
Verified property facts
3920 Greystone DR is listed at $1,299,000 with 3 bedrooms, 3 full bathrooms, 2,215 square feet, 0.24-acre lot. This places it above the 78731 median of $1,250,000.
3920 Greystone DR is zoned for Austin ISD with assigned schools: Doss (Austin ISD) (elementary), Murchison (7/10) (middle), Anderson (7/10) (high). School assignments should be verified directly with the district.
3920 Greystone DR is in Northwest Hills, Austin, Texas. See the full [Northwest Hills neighborhood guide](/neighborhoods/northwest-hills-austin) for market data, schools, and lifestyle details.
3920 Greystone DR is a Residential built in 1982 featuring 3 bedrooms, 3 full bathrooms, 2,215 square feet, 0.24-acre lot.
3920 Greystone DR is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Waterfront
Listing timeline with current price, original ask, and market time.
Public record data from county appraisal records. Market value can differ from assessed value.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025+70.0% | — | $1,275,000 | — | — |
2024-40.6% | — | $750,000 | $650,000 | $625,000 |
2023+65.8% | — | $1,262,129 | $650,000 | $306,053 |
2022 | — | $761,336 | $650,000 | $612,129 |

Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility. Ratings from GreatSchools.org.
20% ($260K)
$1,299,000
Luxury property intelligence
A sourced read on Northwest Hills pricing, timing, and property scale. No automated valuation claim.
List price
$1,299,000
Price per sqft
$586/sqft
Vs. Northwest Hills median
+9.6%
$1.2M median
Days on market
1,076 days
Original to current
$51K reduction
$1.4M original
Active inventory context
20 listings
Price Position in Northwest Hills
Listed 10% above the Northwest Hills median
Source: MLS Grid / Unlock MLS and Keenan Group review as of Apr 25, 2026.
Request Private Market AnalysisLifestyle, schools, market context, and homes in Northwest Hills
Active listings and buyer search context in Northwest Hills
ZIP-level neighborhoods, schools, lifestyle, and Austin market context
District guide, nearby schools, and homes by attendance area
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Pricing, prep, launch timing, and Compass marketing strategy
#1 ABOR Team 2024 with $1B+ career sales volume
3920 Greystone DR is priced at $586 per square foot across 2,215 sqft. The Northwest Hills median list price is $1,185,050.
The most recent annual property tax for 3920 Greystone DR is $22,537. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.
With 20% down ($259,800) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 3920 Greystone DR is around $8,618 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $1,299,000, 3920 Greystone DR is in the Northwest Hills market where there are currently 71 active listings in 78731. The Keenan Group has completed 105 transactions in 78731 as part of 1,000+ career sales totaling $1B+ across Austin. For a detailed market analysis, see our [Northwest Hills guide](/neighborhoods/northwest-hills-austin).
3920 Greystone DR was built in 1982 (44 years ago). Buyers should budget for potential updates to major systems.
3920 Greystone DR includes verified waterfront access: None. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Northwest Hills is one of Austin's established neighborhoods, zoned for Austin ISD in the 78731 area. The Keenan Group has specialized in Northwest Hills real estate for 25+ years with 1,000+ career transactions. Contact (512) 415-7653 for current market conditions and available homes.
Source: Keenan Group at Compass Real Estate, #1 Austin Board of Realtors Team (2024)
7 events on record
Current Price
$1,350,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025+70.0% | — | $1,275,000 | — | — |
2024-40.6% | — | $750,000 | $650,000 | $625,000 |
2023+65.8% | — | $1,262,129 | $650,000 | $306,053 |
2022 | — | $761,336 | $650,000 | $612,129 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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Neighborhood guide and local insights
Northwest Hills is a family neighborhood in 78731, built in the 1960s-80s on wooded half-acre lots between MoPac and Loop 360. Median home price $1.19M. Austin ISD schools — Doss Elementary and Murchison Middle rank among the district's best. 12 minutes to UT campus, 15 to downtown. The housing stock is predominantly single-story ranch and split-level homes on lots averaging 0.3-0.5 acres with mature live oak and cedar canopy. Most original homes are 1,800-3,000 sq ft. A renovation wave has been updating kitchens and adding square footage without tearing down — the lot sizes accommodate additions well. Active listings typically number 15-25 at any given time. Daily life revolves around the schools and the outdoors. Bull Creek for weekend wading, Mount Bonnell for sunset hikes (8 minutes from the neighborhood), Northwest District Park for soccer and the playground. Far West corridor handles weeknight dining — Saffron, 5280 Burger, Yamas. The Arboretum and Domain are 10 minutes north for shopping. HEB on Far West is the neighborhood grocery hub. What makes Northwest Hills the family value play in Central Austin: Doss/Murchison school quality at roughly half the Eanes ISD price point, lot sizes that rival Westlake, and a 15-minute commute that beats the suburbs. The tradeoff is Austin ISD (good but not Eanes) and 1960s-80s housing stock that often needs updating.
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