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— bed, — bath on 1.62 acres in Westlake Hills. Austin, TX 78746. Last listed at $459,000, sold September 11, 2003. Eanes ISD.
About This Home
*AMAZING OPPORTUNITY*HUGE LEVEL BLDG. SITE*CITY VIEWS*CONVENIENT LOCATION* *CLOSE TO SCHOOLS, BANK, SHOPPING, BAKERY*SECLUDED & PRIVATE*NICE SITE!* *QUIET ESTABLISHED AREA*BEAUTIFUL TREES*DEER GRAZE AT DUSK DAILY*SERENE*Restrictions: Yes
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
- Land
- Lot Size
- 1.62 acres
Listing information last updated January 22, 2021.
Listed by Real Vision Properties
MLS# 720721 • 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
Exterior & Lot
- Cleared
- Public Maintained Road
- Trees-Large (Over 40 Ft)
- Lot Size
- 1.62 Acres
- View
- City
Financial
- Original List Price
- $459,000
Utilities
- Electricity Available
- Natural Gas Available
- Phone Available
- Water Source
- Public
- Sewer
- Septic Needed
Transaction History
5 records on file
Every recorded listing, sale, and lease at 501 ROCKY RIVER RD, whoever represented it.
- SoldJune 1, 2010Listed at: $1,349,900MLS 80992
- SoldJune 1, 2010Listed at: $1,349,900MLS 3361221
- WithdrawnListed 2009Current price: $1,399,000Original list: $1,399,000MLS 7425289
- SoldNovember 21, 2008Listed at: $1,395,000MLS 104742
- SoldSeptember 11, 2003Listed at: $459,000MLS 720721
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
- $459,000
- Original list
- $459,000
- Price movement
- No verified reduction
- Listed / DOM
- Aug 5, 2003
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $8,023,545
- Assessment Year
- 2025
- Parcel ID
- 000000113382
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025+32.1% | — | $8,023,545 | — | — |
2024-16.6% | — | $6,075,931 | $1,890,000 | $3,904,846 |
2023+71.1% | — | $7,288,630 | $1,890,000 | $4,185,931 |
2022+4.3% | — | $4,260,532 | $1,890,000 | $5,398,630 |
2021 | — | $4,085,292 | $1,063,125 | $3,197,407 |
Zoned Schools & District Context
Westlake
Hill Country Middle School
Eanes
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, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
20% ($92K)
Adjustable assumption - not a lending recommendation.
$459,000
Luxury property intelligence
Keenan Market Position
A sourced read on Westlake Hills pricing, timing, and property scale. No automated valuation claim.
List price
$459,000
Price per sqft
Not available
Vs. Neighborhood guide reference price
-76.3%
$1.9M · Westlake Hills neighborhood guide · reference price
Days on market
Not available
Original to current
No verified reduction
$459K original
Active inventory context
117 listings
Price Position in Westlake Hills
Listed 76% 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 Mar 26, 2026.
Request Private Market AnalysisConnect 501 Rocky River Rd 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
ZIP-level neighborhoods, schools, lifestyle, and Austin market context
Eanes ISD Schools
District guide, nearby schools, and homes by attendance area
Austin Home Valuation
Private Austin CMA, TCAD context, and pricing strategy
Seller Resources
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Keenan Group Results
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