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501 Terrace Mountain Dr, West Lake Hills, TX 78746
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4 bed, 3 bath, 3,624 sqft on 0.84 acres in Westlake Hills. West Lake Hills, TX 78746. Last listed at $1,150,000, sold September 27, 2010. Eanes ISD.
About This Home
2006 Construction by Sendero Homes on peaceful and private wooded lot in Westlake Hills. Views of greenery from all windows. Fabulous quality detail in open floorplan; Distinctive dry stack stone work inside; Viking appliances; Master plus one bedroom down; Huge gameroom/media up; Lovely covered porch with built-in Barbeque; Extensive decks upstairs; View of city from 3rd floor deck. Minutes from downtown.Restrictions: Yes Sprinkler Sys: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
- Residential
- Year Built
- 2006
- Lot Size
- 0.84 acres
Listing information last updated January 22, 2021.
Listed by MLS Member Office
MLS# 205899 • 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
- Lot Size
- 0.84 Acres
Financial
- Original List Price
- $1,150,000
Transaction History
1 record on file
Every recorded listing, sale, and lease at 501 Terrace Mountain Dr, whoever represented it.
- SoldSeptember 27, 2010Listed at: $1,150,000MLS 205899
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
- Not available
- Original list
- $1,150,000
- Price movement
- No verified reduction
- Listed / DOM
- Jul 8, 2010
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $3,384,924
- Assessment Year
- 2025
- Year Built
- 2006
- Parcel ID
- 000000119858
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025+12.9% | — | $3,384,924 | — | — |
2024-6.4% | — | $2,998,156 | $1,610,000 | $1,482,644 |
2023+57.8% | — | $3,202,329 | $1,610,000 | $1,388,156 |
2022 | — | $2,029,711 | $1,610,000 | $1,592,329 |
Virtual Tour
Zoned Schools
Westlake
Hill Country
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.
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Keenan Market Position
A sourced read on Westlake Hills pricing, timing, and property scale. No automated valuation claim.
List price
Not available
Price per sqft
Not available
Vs. Neighborhood guide reference price
Not available
$1.9M · Westlake Hills neighborhood guide · reference price
Days on market
Not available
Original to current
No verified reduction
$1.2M original
Active inventory context
117 listings
Source: Public records and Keenan Group review as of Mar 26, 2026.
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Westlake Hills Neighborhood Guide
Lifestyle, schools, market context, and homes in Westlake Hills
Westlake Hills Homes for Sale
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78746 ZIP Guide
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Eanes ISD Schools
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Austin Home Valuation
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