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4 bed, 2 bath, 2,350 sqft on 1.90 acres in Westlake Hills. Austin, TX 78746. Last listed at $1,250,000, sold July 28, 2025. Eanes ISD.
About This Home
This unique property offers an incredible opportunity to own both a beautiful Victorian inspired custom home with additional dwelling(s) as well that can be used for commercial/business or a casita. Casita is currently being used as leased office space. Located in an ETJ there are no restrictions and signage for business can be placed on Bee Caves Rd. The main residence is warm and inviting, designed for both comfort and entertaining. If features spacious living areas, charming architectural detail a stunning wrap around porch and a large yard with a fenced pool. In addition to the main home there is an additional dwelling with 2 bedrooms, 3 living areas, a kitchenette and a half bath Ea. Located in an ETJ with no restrictions this property offers unparalleled flexibility. Whether you are looking to run a business, create rental opportunities, or enjoy multi generational living, this estate is rare to find. Nestled in the stunning Hill Country yet conveniently close to the city, this prime location ensures both tranquility and accessibility. Zoned for top rated Eanes ISD. City water is accessible but property is currently on a well dug to the trinity level. Fenced pool on property. Great location, 15 minutes to downtown Austin and 10 minutes to the Hill Country Galleria. please note that 500 Grace Lane is also listed under commercial and available for purchase as well. 500 Grace Lane is a 1400 soft office building on 1 acre offered at $775K..
Westlake Hills is an incorporated city in Austin's 78746 ZIP code, five minutes west of downtown via Bee Caves Road. Eanes ISD - ranked #1 in Texas by Niche 2026 - draws most buyers. Median home price $2.4M, with estates from $1.2M updates to $10M+ hilltop compounds.
Roughly 1,000 total homes sit on wooded lots averaging half an acre to two acres, spread across the hills south of the Colorado River. Lost Creek, Davenport Ranch, The Oaks, and Bee Caves Woods each have a different character - from 1970s ranches on established lots to new-build Hill Country Contemporary estates with 20-foot ceilings and limestone facades.
The housing stock is in a generational transition. Original 1970s-80s ranch homes sell as teardowns at $1-2M for land alone, replaced by $3-8M contemporary builds. At any given time, 25-30 homes are actively listed. Inventory is tight, and a meaningful share of deals happen off-market through agent networks.
What defines daily life here: morning coffee at Swedish Hill, school drop-off at Eanes Elementary or Bridge Point, a trail run at Wild Basin Preserve, and dinner at Sway or Las Palomas without crossing MoPac. This is a quiet neighborhood built around schools and outdoor access, not nightlife or walkable retail. The people who live here chose it for exactly that trade-off.
School District: Eanes ISD
Westlake Hills luxury homes and neighborhood guide- Property Type
- Residential
- Year Built
- 2010
- Lot Size
- 1.90 acres
- Price / Sq Ft
- $532
- Garage
- 2 spaces
- Pool
- Yes
Listing information last updated July 29, 2025.
Listed by MCLANE REALTY, LLC
MLS# 4085488 • Closed
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Properties displayed may be listed or sold by various participants in the MLS.
Highlights
Facts & Features
Interior
- Ceiling Fan(s)
- High Ceilings
- Kitchen Island
- Multiple Dining Areas
- Multiple Living Areas
- Cooktop
- Dishwasher
- Carpet
- Tile
- Heating
- Central
- Cooling
- Ceiling Fan(s),Central Air
- Fireplaces
- 1
Exterior & Lot
- Balcony
- Private Yard
- Hardi
- Plank Type
- Back Yard
- Private
- Trees-Large (Over 40 Ft)
- Back Yard
- Chain Link
- Slab
- Covered
- Porch
- Wrap Around
- Roof
- Composition
- Lot Size
- 1.90 Acres
- Detached Carport
- Garage Spaces
- 2
- Pool
- Yes
Financial
- Original List Price
- $1,500,000
- Price per Sq Ft
- $532
Utilities
- Electricity Connected
- Sewer Connected
- Water Connected
- Water Source
- Private,Well
- Sewer
- Septic Tank
Transaction History
2 records on file
Every recorded listing, sale, and lease at 418 Grace LN, whoever represented it.
- SoldJuly 28, 2025Listed at: $1,500,000MLS 4085488
- ExpiredListed 2025Asking rent: $3,950/moOriginal asking rent: $4,500/moMLS 8250732
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
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Price & Listing History
Listing timeline with current price, original ask, and market time.
- Current list
- $1,250,000
- Original list
- $1,500,000
- Price movement
- $250K reduction
- Listed / DOM
- May 21, 2025
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $902,192
- Assessment Year
- 2025
- Year Built
- 2010
- Parcel ID
- 000000786811
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025+15.1% | — | $902,192 | $261,621 | $640,571 |
2024+2.7% | — | $784,124 | $190,983 | $568,789 |
2023+3.9% | — | $763,424 | $190,983 | $522,503 |
2022-5.2% | — | $734,901 | $190,983 | $501,803 |
2021 | — | $774,986 | $261,621 | $473,280 |
Zoned Schools
Westlake
West Ridge
Forest Trail
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.
Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
Illustrative down payment
20% ($250K)
Adjustable assumption - not a lending recommendation.
Home price
$1,250,000
Loan details
Luxury property intelligence
Keenan Market Position
A sourced read on Westlake Hills pricing, timing, and property scale. No automated valuation claim.
List price
$1,250,000
Price per sqft
$532/sqft
Vs. Neighborhood guide reference price
-33.3%
$1.9M · Westlake Hills neighborhood guide · reference price
Days on market
Not available
Original to current
$250K reduction
$1.5M original
Active inventory context
113 listings
Price Position in Westlake Hills
Listed 33% below the Westlake Hills neighborhood guide reference price. Westlake Hills neighborhood guide · reference price.
Source: MLS Grid / Unlock MLS and Keenan Group review as of Apr 25, 2026.
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Westlake Hills Neighborhood Guide
Lifestyle, schools, market context, and homes in Westlake Hills
Westlake Hills Homes for Sale
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78746 ZIP Guide
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Eanes ISD Schools
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