#1 Austin Board of Realtors Team 2024#1 Austin Board of Realtors Team 2024
Discover a truly exceptional opportunity to embrace expansive living and build your dream home on a remarkable 5.67-acres in Austin, Texas. This property offers a unique blend of privacy and convenience, providing a serene retreat from the bustling city while maintaining easy access to urban amenities. The generous acreage presents endless possibilities, from creating a personal oasis to exploring potential developmental ventures. Renovate the 1960s single story rock residence, built like a fort, or create something new. The home encompasses 2466 square feet of thoughtfully designed living space and is perfectly situated at the top of the lot. Nestled in a desirable Austin location, this property provides a canvas for crafting your ideal living environment. The vast outdoor space invites exploration and enjoyment, promising a harmonious balance with nature. Experience the tranquility and potential that this magnificent acreage provides, a rare find that combines spaciousness with a prime address.
Property Type
Residential
Year Built
1967
Lot Size
5.67 acres
$/Sq Ft
$1,582
Garage
4 spaces
Listed by Allure Real Estate
Verified property facts
501 Drawbridge RD is listed at $3,900,000 with 5 bedrooms, 2 full bathrooms, 2,466 square feet, 5.67-acre lot. This places it above the 78746 median of $2,012,500.
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 in Westlake Hills, Austin, Texas. See the full [Westlake Hills neighborhood guide](/neighborhoods/westlake-hills-austin) for market data, schools, and lifestyle details.
501 Drawbridge RD is a Residential built in 1967 featuring 5 bedrooms, 2 full bathrooms, 2,466 square feet, 5.67-acre lot.
501 Drawbridge RD is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
#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
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Waterfront
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+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)
$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
$1,582/sqft
Vs. Westlake Hills median
+65.9%
$2.4M median
Days on market
35 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 median
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jul 4, 2026.
Request Private Market AnalysisLifestyle, schools, market context, and homes in Westlake Hills
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Pricing, prep, launch timing, and Compass marketing strategy
#1 ABOR Team 2024 with $1B+ career sales volume
501 Drawbridge RD is priced at $1,582 per square foot across 2,466 sqft. The Westlake Hills median list price is $2,351,000.
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.
With 20% down ($780,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 501 Drawbridge RD is around $22,161 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $3,900,000, 501 Drawbridge RD is in the Westlake Hills market where there are currently 110 active listings in 78746. The Keenan Group has completed 19 transactions in 78746 as part of 1,000+ career sales totaling $1B+ across Austin. For a detailed market analysis, see our [Westlake Hills guide](/neighborhoods/westlake-hills-austin).
501 Drawbridge RD was built in 1967 (59 years ago). Buyers should budget for potential updates to major systems.
501 Drawbridge RD includes verified waterfront access: None. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
501 Drawbridge RD sits on a 5.67-acre lot, providing substantial outdoor living space. Properties of this scale in Austin's luxury market typically feature pool areas, outdoor kitchens, and mature landscaping. Confirm specific amenities with the listing agent.
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
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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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