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3 bed, 2 bath, 2,959 sqft on 0.34 acres in Westlake Hills. Austin, TX 78746. Last listed at $1,350,000, sold February 14, 2024. Eanes ISD.
About This Home
Introducing 4501 Westlake Drive #21: A Mediterranean masterpiece in the heart of Austin. This 3-bedroom, 2.5-bathroom gem, complete with a dedicated light-filled study offers a blend of elegance and functionality. The primary suite and office are conveniently located on the main floor, while the upper level boasts two additional bedrooms with a Jack and Jill bath, an office nook, and a cozy living room adorned with built-in bookcases. Experience luxury at every turn, from the arched Cantera iron door entrance to the meticulously detailed ceilings and designer tile accents. The open floor plan, accentuated by flowing hardwood floors, ensures a seamless entertainment experience, from the modern interior to the tranquil outdoor living space. The private, fenced backyard, a rare exterior lot, is perfect for quiet evenings on the covered patio or hosting gatherings with an outdoor grill. Situated in the coveted gated Davenport Villas community, this home's location is unparalleled. Proximity to the Austin Country Club, shopping, dining, and a mere 15 minutes to downtown makes it a prime choice. Plus, with all landscaping included and the security of a gated community, it's the epitome of a lock-and-leave lifestyle. Homes in this community are highly sought-after and sell fast, attesting to its desirability. Experience the blend of Austin charm with Mediterranean luxury.
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
- 2014
- Lot Size
- 0.34 acres
- Price / Sq Ft
- $456
- HOA
- $400/mo
- Garage
- 2 spaces
Listing information last updated February 15, 2024.
Listed by Kuper Sotheby's Int'l Realty
MLS# 5535065 • 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
- Breakfast Bar
- High Ceilings
- Crown Molding
- Entrance Foyer
- Interior Steps
- Multiple Dining Areas
- Multiple Living Areas
- Primary Bedroom on Main
- Walk-In Closet(s)
- Convection Oven
- Dishwasher
- Disposal
- Dryer
- Gas Cooktop
- Microwave
- Oven
- Refrigerator
- Washer
- Water Heater
- No Carpet
- Tile
- Wood
- Heating
- Central
- Cooling
- Central Air
- Fireplaces
- 1
Exterior & Lot
- Masonry – All Sides
- Sprinkler - Automatic
- Trees-Medium (20 Ft - 40 Ft)
- Back Yard
- Wrought Iron
- Slab
- Roof
- Composition
- Lot Size
- 0.34 Acres
- Attached
- Garage Door Opener
- Garage Spaces
- 2
Financial
- HOA Fee
- $400 / mo
- Original List Price
- $1,400,000
- Price per Sq Ft
- $456
Utilities
- Electricity Available
- Natural Gas Available
- Water Source
- Public
- Sewer
- Public Sewer
Transaction History
1 record on file
Every recorded listing, sale, and lease at 4501 Westlake DR Unit #21, whoever represented it.
- SoldFebruary 14, 2024Listed at: $1,400,000MLS 5535065
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
- $1,350,000
- Original list
- $1,400,000
- Price movement
- $50K reduction
- Listed / DOM
- Oct 4, 2023
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $1,237,760
- Assessment Year
- 2025
- Year Built
- 2012
- Parcel ID
- 000000821663
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025+16.5% | — | $1,237,760 | — | — |
2024-10.0% | — | $1,062,893 | $87,596 | $1,192,404 |
2023+28.9% | — | $1,180,861 | $87,596 | $975,297 |
2022+5.4% | — | $915,900 | $87,596 | $1,093,265 |
2021 | — | $869,032 | $87,596 | $828,304 |
Virtual Tour

Zoned Schools
Westlake
Hill Country
Bridge Point
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 2026-06-04T14:30:08.258004+00:00; normalized from monthly dues.
20% ($270K)
Adjustable assumption - not a lending recommendation.
$1,350,000
Luxury property intelligence
Keenan Market Position
A sourced read on Westlake Hills pricing, timing, and property scale. No automated valuation claim.
List price
$1,350,000
Price per sqft
$456/sqft
Vs. Neighborhood guide reference price
-30.2%
$1.9M · Westlake Hills neighborhood guide · reference price
Days on market
Not available
Original to current
$50K reduction
$1.4M original
Active inventory context
117 listings
Price Position in Westlake Hills
Listed 30% 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 Jun 4, 2026.
Request Private Market AnalysisConnect 4501 Westlake Dr Unit #21 to the Austin Market
Westlake Hills Neighborhood Guide
Lifestyle, schools, market context, and homes in Westlake Hills
Westlake Hills Homes for Sale
Active listings and buyer search context in Westlake Hills
78746 ZIP Guide
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Eanes ISD Schools
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Austin Home Valuation
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