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4 bed, 4 bath, 4,240 sqft on 0.39 acres in Serene Hills. Austin, TX 78738. Last listed at $1,249,900, sold June 16, 2023. Lake Travis ISD.
About This Home
MASSIVE REDUCTION ON WHOLESALE PROPERTY! NEW CONSTRUCTION with estimated completion in May 2023. 4703 Serene Hills Dr. is a stunning example of contemporary hill country modern architecture. It features 4 bedrooms, 4 full bathrooms, and 2 half bathrooms, making it the perfect home for a large family or those who enjoy having guests over. As you enter the house, you'll immediately notice the beautiful hardwood floors that run throughout the main living areas. The open layout creates a spacious and airy feel that's perfect for entertaining. One of the standout features of this house is the huge covered porch, which boasts a wall of sliding doors that open up to reveal breathtaking views of the surrounding landscape. The porch is the perfect spot for relaxing with a book, enjoying a meal with family and friends, or simply taking in the scenery. The house sits on an extra-large lot, providing ample room for a pool and plenty of outdoor space to enjoy. It also has access to nearby greenbelt and trails, making it an ideal location for those who love the great outdoors. All of the bedrooms are located downstairs, giving the house a single-story feel. Upstairs, you'll find both a media room and a game room, providing plenty of space for entertainment and relaxation. If you work from home, you will find the main level private office the perfect spot. This house is perfect for those who value both style and functionality and if FULL of custom upgrades!
Serene Hills is a 339-home community in Bee Cave where roughly 75 percent of the land was left as preserved green space. That means the neighborhood has more acres of open terrain than residential lots. That ratio is not typical for the price point. Most Bee Cave and Lakeway communities maximize lot yield. Serene Hills went the other direction, and the result is houses that sit in the landscape rather than covering it.
The community is in Bee Cave within the 78738 zip code, along Bee Cave Parkway between Highway 71 and Hamilton Pool Road. Downtown Austin is roughly 25 minutes east via Highway 71 to MoPac. The Bee Cave commercial corridor with H-E-B and Hill Country Galleria is about five minutes away. Lakeway is approximately ten minutes west. Falconhead borders to the south and Sweetwater to the north and east.
Housing was built primarily between 2014 and 2020. Contemporary Hill Country architecture dominates at roughly 40 percent, with native stone, stucco, metal roof accents, and oversized windows that take advantage of the green space views. Modern Farmhouse designs account for about 25 percent. Mediterranean influences appear in about 15 percent. Lot sizes range from a quarter acre to over half an acre on perimeter lots backing to preserved land. Pricing runs from the high $700s to over $2 million. The active market for a four-bedroom falls between $1 million and $1.6 million.
Lake Travis ISD serves Serene Hills. Students attend Bee Cave Elementary, Lake Travis Middle, and Lake Travis High. The district is well-regarded for academics, athletics, and extracurriculars. The tax base from Bee Cave and Lakeway commercial development supports teacher compensation and facilities. The elementary campus is close enough that the morning drop-off is brief, a practical detail that matters more to daily life than rankings.
With 339 homes, residents know neighbors by name. That is not a figure of speech. Community events, the pool, and trails create enough recurring contact for relationships to form naturally. Internal trails connect to Bee Cave Park Loop for longer outings. For dining, Tadashi serves Japanese cuisine with quality ingredients. Cafe Blue offers polished seafood. SP Brazilian handles special occasions. CARVE American Grille brings straightforward steaks and cocktails. The Grove Wine Bar works for quieter weeknights. Restaurant density in Bee Cave has reached the point where residents eat out several nights without repeating.
Compared to Rough Hollow, which is four times the size with a marina, Serene Hills offers a quieter experience with more breathing room and tighter social fabric. Compared to Sweetwater nearby, Serene Hills is smaller with more preserved natural terrain. Sweetwater offers more resort-style pools and a wider price range. Compared to Falconhead with its golf course, Serene Hills replaces golf with green space. No golf course, no marina, no lazy river. What it has is land that was left alone.
Serene Hills is for buyers who have looked at the large master-planned communities and decided they want something quieter. If 339 homes is the right scale, if you would rather look at open Hill Country than a roofline, and if Lake Travis ISD and a 25-minute commute check the practical boxes, this delivers. It works for families with young children who want kids growing up together, and couples wanting Bee Cave without the density. The green space is the product. Everything else is built around preserving it.
School District: Lake Travis ISD
View Serene Hills neighborhood guide- Property Type
- Residential
- Year Built
- 2023
- Lot Size
- 0.39 acres
- Price / Sq Ft
- $295
- HOA
- $180/quarter
- Garage
- 2 spaces
Listing information last updated June 17, 2023.
Listed by Moreland Properties
MLS# 7635371 • 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
- Quartz Counters
- Eat-in Kitchen
- Entrance Foyer
- In-Law Floorplan
- Interior Steps
- Kitchen Island
- Multiple Living Areas
- Open Floorplan
- Pantry
- Primary Bedroom on Main
- Recessed Lighting
- Dishwasher
- Gas Range
- Microwave
- Electric Oven
- RNGHD
- Carpet
- Tile
- Wood
- Heating
- Central
- Cooling
- Central Air
- Fireplaces
- 1
Exterior & Lot
- Private Yard
- Stone
- Stucco
- Back Yard
- Front Yard
- Sprinkler - Automatic
- Slab
- Covered
- Porch
- Rear Porch
- Roof
- Metal
- Lot Size
- 0.39 Acres
- Attached
- Door-Single
- Driveway
- Garage Faces Side
- Shared Driveway
- Garage Spaces
- 2
Financial
- HOA Fee
- $180 / quarter
- Original List Price
- $1,495,000
- Price per Sq Ft
- $295
Utilities
- Electricity Available
- Propane
- Sewer Connected
- Water Available
- Water Source
- MUD,Public
- Sewer
- MUD,Public Sewer
Transaction History
1 record on file
Every recorded listing, sale, and lease at 4703 SERENE HILLS DR, whoever represented it.
- SoldJune 16, 2023Listed at: $1,495,000MLS 7635371
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
- $1,249,900
- Original list
- $1,495,000
- Price movement
- $245.1K reduction
- Listed / DOM
- Dec 20, 2022
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $1,266,134
- Assessment Year
- 2025
- Year Built
- 2021
- Parcel ID
- 000000832238
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025+19.9% | — | $1,266,134 | — | — |
2024+382.9% | — | $1,055,640 | $200,000 | $980,000 |
2023+173.2% | — | $218,586 | $160,000 | $684,512 |
2021 | — | $80,000 | $80,000 | — |
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Zoned Schools & District Context
Lake Travis
Bee Cave Middle School
Serene Hills
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 2026-04-25T02:51:50.833075+00:00; normalized from quarterly dues.
20% ($250K)
Adjustable assumption - not a lending recommendation.
$1,249,900
Luxury property intelligence
Keenan Market Position
A sourced read on Serene Hills pricing, timing, and property scale. No automated valuation claim.
List price
$1,249,900
Price per sqft
$295/sqft
Vs. Neighborhood guide reference price
-1.4%
$1.3M · Serene Hills neighborhood guide · reference price
Days on market
Not available
Original to current
$245.1K reduction
$1.5M original
Active inventory context
4 listings
Price Position in Serene Hills
Listed 1% below the Serene Hills neighborhood guide reference price. Serene Hills neighborhood guide · reference price.
Source: MLS Grid / Unlock MLS and Keenan Group review as of Apr 25, 2026.
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Serene Hills Neighborhood Guide
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78738 ZIP Guide
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