#1 Austin Board of Realtors Team 2024#1 Austin Board of Realtors Team 2024
Discover an unparalleled opportunity to embrace expansive living on this remarkable site in the Camelot subdivision. Renovate the 1960s single story rock residence, built like a fort, or create something new. It is perfectly situated on over five acres of serene landscape offering privacy in a sought after location. The generous lot size of 5.67 acres opens up a world of possibilities, from creating lush gardens to enjoying outdoor activities. Eanes schools, including Westlake High, and proximity to Barton Creek golf course only serve to make this property even more special. This is a rare chance to own a substantial piece of land in a desirable area, offering both seclusion and convenience. Design your dream home and experience the perfect blend of spaciousness and tranquility designed to cater to a refined way of life.
Property Type
Land
Lot Size
5.67 acres
Listed by Allure Real Estate
Verified property facts
501 Drawbridge RD is listed at $3,900,000 with 0 bedrooms, 5.67-acre lot. This places it above the ZIP 78746 single-family closed-sale median price of $2,100,000 (ZIP 78746 geography · single-family closed sales · median sale price · trailing 12 months as of Aug 30, 2026).
501 Drawbridge RD is zoned for Eanes ISD with assigned schools: Forest Trail (elementary), West Ridge (middle), Westlake (high). School assignments should be verified directly with the district.
501 Drawbridge RD is listed by Allure Real Estate. Keenan Group at Compass presents this IDX listing and provides the accompanying market analysis using MLS Grid / Unlock MLS data reviewed as of Aug 31, 2026.
The most recent annual property tax for 501 Drawbridge RD is $23,101. 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. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Property Details
Lot Features
3 records on file
Every recorded listing, sale, and lease at 501 Drawbridge RD, 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+3.0% | — | $1,524,863 | — | — |
2024+20.6% | — | $1,480,331 | $750,000 | $614,887 |
2023+82.5% | — | $1,227,712 | $750,000 | $730,331 |
2022+11.1% | — | $672,550 | $750,000 | $477,712 |
2021 | — | $605,361 | $350,000 | $322,550 |
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% ($780K)
Adjustable assumption - not a lending recommendation.
$3,900,000
Luxury property intelligence
A sourced read on Westlake Hills pricing, timing, and property scale. No automated valuation claim.
List price
$3,900,000
Price per sqft
Not available
Vs. Neighborhood guide reference price
+65.9%
$2.4M · Westlake Hills neighborhood guide · reference price
Days on market
95 days
Original to current
No verified reduction
$3.9M original
Active inventory context
17 listings
Price Position in Westlake Hills
Listed 66% 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 Aug 31, 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
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 501 Drawbridge RD. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
As of Aug 31, 2026, 501 Drawbridge RD is offered at $3,900,000. The current MLS snapshot shows 88 active listings in 78746. Keenan Group has completed 19 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.
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)
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.
6 events on record
Current Price
$3,900,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025+3.0% | — | $1,524,863 | — | — |
2024+20.6% | — | $1,480,331 | $750,000 | $614,887 |
2023+82.5% | — | $1,227,712 | $750,000 | $730,331 |
2022+11.1% | — | $672,550 | $750,000 | $477,712 |
2021 | — | $605,361 | $350,000 | $322,550 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
Best Match
Balanced against price, location, and layout so nearby lookalikes rise first. Similar properties in Camelot
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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