#1 Austin Board of Realtors Team 2024#1 Austin Board of Realtors Team 2024
Prime Location on The Hills Signature Golf Course, this exceptional 4,547-square-foot custom-built Sterling Home offers breathtaking panoramic views of two fairways and two holes, with the iconic #7 Waterfall Hole directly across the street—ranked among the top 10 most beautiful golf holes in Texas. Ideally situated within a short walk of both clubhouses, this extraordinary property offers an unparalleled combination of luxury, privacy and convenience. Designed for both sophisticated living and effortless entertaining, the home features two expansive covered terraces overlooking the championship Jack Nicklaus-designed Hills Signature Course. The outdoor living spaces are complemented by a stunning infinity-edge pool and outdoor kitchen, creating the perfect setting for entertaining or enjoying spectacular Hill Country sunsets. The thoughtfully designed interior includes five bedrooms, four full bathrooms, a main-level primary suite with direct access to the outdoor patio, a second bedroom and full bath on the main level, soaring ceilings, large picturesque windows, a spacious media room with wet bar, and a versatile flex room. A brand-new dog run adds to the home's thoughtful amenities. Residents of The Hills of Lakeway enjoy access to an impressive 72 holes of golf, including two Jack Nicklaus championship courses, along with the beauty of the Texas Hill Country and convenient proximity to boating on Lake Travis. Located within the exemplary Lake Travis ISD and less than 30 miles from Austin-Bergstrom International Airport and downtown Austin, this remarkable property offers an exceptional Hill Country lifestyle in one of Lakeway's most desirable neighborhood.
Property Type
Residential
Year Built
1993
Lot Size
0.17 acres
$/Sq Ft
$321
Garage
2 spaces
Pool
Yes
Listed by Keller Williams - Lake Travis
Property Details
Features
Appliances
Flooring
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Verified property facts
47 Waterfall Dr is listed at $1,460,000 with 5 bedrooms, 4 full bathrooms, 4,547 square feet, 0.17-acre lot. This places it above the ZIP 78738 single-family closed-sale median price of $850,000 (ZIP 78738 geography · single-family closed sales · median sale price · trailing 12 months as of Sep 4, 2026).
47 Waterfall Dr is zoned for Lake Travis ISD with assigned schools: Lakeway (elementary), Hudson Bend (middle), Lake Travis (high). School assignments should be verified directly with the district.
47 Waterfall Dr is a Residential built in 1993 featuring 5 bedrooms, 4 full bathrooms, 4,547 square feet, 0.17-acre lot.
47 Waterfall Dr is listed by Keller Williams - Lake Travis. Keenan Group at Compass presents this IDX listing and provides the accompanying market analysis using MLS Grid / Unlock MLS data reviewed as of Sep 5, 2026.
The most recent annual property tax for 47 Waterfall Dr is $22,742. 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.
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1 record on file
Every recorded listing, sale, and lease at 47 WATERFALL DR, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Listed 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 |
|---|---|---|---|---|
2025-9.1% | — | $1,137,550 | — | — |
2024-8.6% | — | $1,250,758 | $535,500 | $629,643 |
2023+65.3% | — | $1,367,717 | $535,500 | $715,258 |
2022 | — | $827,636 | $535,500 | $832,217 |
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% ($292K)
Adjustable assumption - not a lending recommendation.
$1,460,000
Luxury property intelligence
A sourced read on Hills Lakeway Ph 05 Amd pricing, timing, and property scale. No automated valuation claim.
List price
$1,460,000
Price per sqft
$321/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
7 days
Original to current
No verified reduction
$1.5M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Sep 5, 2026.
Request Private Market AnalysisZIP-level neighborhoods, schools, lifestyle, and Austin market context
District guide, nearby schools, and homes by attendance area
Private Austin CMA, TCAD context, and pricing strategy
Pricing, prep, launch timing, and Compass marketing strategy
#1 ABOR Team 2024 with $1B+ career sales volume
This page does not assume a mortgage rate or publish a monthly payment for 47 Waterfall Dr. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
As of Sep 5, 2026, 47 Waterfall Dr is offered at $1,460,000. The current MLS snapshot shows 201 active listings in 78738. Keenan Group has completed 19 verified transactions in 78738 within its 1,000+ completed transactions and $1B+ career volume across Austin.
47 Waterfall Dr was built in 1993 (33 years ago). Buyers should budget for potential updates to major systems.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
6 events on record
Current Price
$1,460,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-9.1% | — | $1,137,550 | — | — |
2024-8.6% | — | $1,250,758 | $535,500 | $629,643 |
2023+65.3% | — | $1,367,717 | $535,500 | $715,258 |
2022 | — | $827,636 | $535,500 | $832,217 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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