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5 bed, 5 bath, 4,547 sqft on 0.64 acres in Westlake Hills. Austin, TX 78746. Last listed at $2,449,500, sold September 23, 2021. Eanes ISD.
A favorite Westlake neighborhood due to the flat, walkable terrain and abundance of trees. Great for pushing the stroller or taking the dog for a run! The home is move-in ready. Large corner lot w/circular drive. High ceilings, large rooms, walk-in closets, upstairs & downstairs laundry rooms. Nice open chef's kitchen with Wolfe and Sub-Zero appliances, copper sinks and two islands. Formal dining with service bar and built-ins can seat a table of 12+. All bedrooms are quite large with walk-in closets and private baths. Downstairs guestroom or study with full bath. Family room patio doors open wide to a stone patio and a Large inground pool/spa. Mature landscaping offers a lot of privacy.
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 guideVerified property facts
4501 Elkwater Cv is zoned for Eanes ISD with assigned schools: Bridge Point (elementary), Hill Country (middle), Westlake (high). School assignments should be verified directly with the district.
4501 Elkwater Cv is a Residential built in 1987 featuring 5 bedrooms, 5 full bathrooms, 4,547 square feet, 0.64-acre lot.
4501 Elkwater Cv was last listed at $539 per square foot across 4,547 sqft. The Westlake Hills neighborhood guide reference price is $1,933,000 (Westlake Hills neighborhood guide · reference price).
The most recent annual property tax for 4501 Elkwater Cv is $20,223. 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.
#1 Austin Board of Realtors Team. 1,000+ homes sold and $1B+ in career sales over 25+ years in Austin.
25+ years advising buyers and sellers in this community
Listing information last updated September 24, 2021.
Listed by RE/MAX Austin Skyline
MLS# 6224895 • Closed
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Properties displayed may be listed or sold by various participants in the MLS.
1 record on file
Every recorded listing, sale, and lease at 4501 ELKWATER CV, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
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+7.7% | — | $2,712,180 | — | — |
2024-6.7% | — | $2,518,820 | $1,000,000 | $1,360,139 |
2023+78.5% | — | $2,698,466 | $1,000,000 | $1,518,820 |
2022+16.9% | — | $1,511,486 | $1,000,000 | $1,698,466 |
2021 | — | $1,293,104 | $650,000 | $861,486 |
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 and home insurance. Each requires verified amount, cadence or unit, source, and as-of details.
HOA source: MLS Grid / Unlock MLS, as of 2026-06-03T06:30:04.810663+00:00; normalized from annual dues.
20% ($490K)
Adjustable assumption - not a lending recommendation.
$2,449,500
Luxury property intelligence
A sourced read on Westlake Hills pricing, timing, and property scale. No automated valuation claim.
List price
$2,449,500
Price per sqft
$539/sqft
Vs. Neighborhood guide reference price
+26.7%
$1.9M · Westlake Hills neighborhood guide · reference price
Days on market
Not available
Original to current
No verified reduction
$2.4M original
Active inventory context
117 listings
Price Position in Westlake Hills
Listed 27% above the Westlake Hills neighborhood guide reference price. Westlake Hills neighborhood guide · reference price.
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 3, 2026.
Request Private Market AnalysisLifestyle, schools, market context, and homes in Westlake Hills
Active listings and buyer search context in Westlake Hills
ZIP-level neighborhoods, schools, lifestyle, and Austin market context
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Pricing, prep, launch timing, and Compass marketing strategy
#1 ABOR Team 2024 with $1B+ career sales volume
4501 Elkwater Cv was last listed at $2,449,500 and sold on September 23, 2021. The current MLS snapshot shows 94 active listings in 78746. Keenan Group has completed 32 verified transactions in 78746 within its 1,000+ completed transactions and $1B+ career volume across Austin. See Keenan Group's Westlake Hills guide for current neighborhood analysis.
4501 Elkwater Cv was built in 1987 (39 years ago). Buyers should budget for potential updates to major systems.
The MLS listing reports HOA or association dues of $1,100 annual for 4501 Elkwater Cv. It does not establish included amenities, services, rules, reserves, or current assessments; verify those items in current association documents.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Westlake Hills is one of Austin's established neighborhoods, zoned for Eanes ISD in the 78746 area. The Keenan Group has specialized in Westlake 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)
Homes sold by Keenan Group.
7 events on record
Current Price
$2,449,500
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025+7.7% | — | $2,712,180 | — | — |
2024-6.7% | — | $2,518,820 | $1,000,000 | $1,360,139 |
2023+78.5% | — | $2,698,466 | $1,000,000 | $1,518,820 |
2022+16.9% | — | $1,511,486 | $1,000,000 | $1,698,466 |
2021 | — | $1,293,104 | $650,000 | $861,486 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
| Address | Offered At |
|---|---|
| 4713 Via Media | $2.90M |
| 303 Ridgewood RD | $1.49M |
| 18 Cousteau LN | $2.95M |
| 5620 Clarion CV | $2.65M |
| 218 Buckeye Trl | $1.85M |
| 409 Vale St | $2.50M |
| 403 Graciosa Cv | $2.55M |
| 2001 Cueva De Oro CV | $3.45M |
Car-Dependent
No Nearby Transit
Somewhat Bikeable
Walk Score measures walkability based on distance to amenities. Transit Score measures public transportation access. Bike Score measures bikeability based on bike infrastructure and terrain.
Comparable homes that recently closed in this area
Neighborhood guide and local insights
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.
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