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3 bed, 2 bath, 2,007 sqft on 0.47 acres in Westlake Hills. Austin, TX 78746. Last listed at $1,490,000, sold June 10, 2024. Eanes ISD.
About This Home
Back on market- Buyer could not secure financing. This is the close-in Westlake property you’ve been waiting for! Ideal trifecta – expansive downtown views from main level, walkable Westwood neighborhood, located on a quiet cul-de-sac. Classic 3 bedroom home that could be extensively remodeled or scraped to build your dream home. Westwood is the perfect place to build in Eanes – less restrictive, faster permitting, and low tax rate of 1.56% in the ETJ. This hidden gem of a neighborhood is the ultimate in convenience- walkable to schools, shopping and restaurants and just 10 minutes to downtown. This lot does not have any builder or height restrictions, allowing you to build your dream home to capture views and natural beauty of this one-of-a-kind property.
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
- 1968
- Lot Size
- 0.47 acres
- Price / Sq Ft
- $742
- Garage
- 2 spaces
- Pool
- Yes
Listing information last updated June 10, 2024.
Listed by Moreland Properties
MLS# 7501091 • 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
- Bookcases
- Ceiling Fan(s)
- Laminate Counters
- Entrance Foyer
- Kitchen Island
- Multiple Dining Areas
- No Interior Steps
- Primary Bedroom on Main
- Two Primary Closets
- Walk-In Closet(s)
- Built-In Electric Range
- Built-In Range
- Dishwasher
- Oven
- Plumbed For Ice Maker
- Refrigerator
- Washer
- Dryer
- Tile
- Wood
- Heating
- Electric
- Cooling
- Central Air
- Fireplaces
- 1
Exterior & Lot
- Exterior Steps
- Rain Gutters
- Private Yard
- Masonry – Partial
- Wood Siding
- City Lot
- Cul-De-Sac
- Masonry
- Partial
- Wrought Iron
- Combination
- Pillar
- Post
- Pier
- Slab
- Deck
- Patio
- Porch
- Roof
- Composition
- Lot Size
- 0.47 Acres
- Door-Multi
- Driveway
- Garage
- Garage Spaces
- 2
- Pool
- Yes
Financial
- Original List Price
- $1,790,000
- Price per Sq Ft
- $742
Utilities
- Electricity Connected
- Water Connected
- Water Source
- Public
- Sewer
- Septic Tank
Transaction History
2 records on file
Every recorded listing, sale, and lease at 509 Bee Tree CIR, whoever represented it.
- SoldJune 10, 2024Listed at: $1,790,000MLS 7501091
- WithdrawnListed 2023Current price: $1,490,000Original list: $1,790,000MLS 7828952
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
- $1,490,000
- Original list
- $1,790,000
- Price movement
- $300K reduction
- Listed / DOM
- Nov 16, 2023
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $1,813,922
- Assessment Year
- 2025
- Year Built
- 1968
- Parcel ID
- 000000110845
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-12.8% | — | $1,813,922 | — | — |
2024+1.0% | — | $2,080,592 | $1,100,000 | $617,820 |
2023+56.6% | — | $2,060,620 | $1,100,000 | $980,592 |
2022 | — | $1,315,485 | $1,100,000 | $960,620 |
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.
Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
20% ($298K)
Adjustable assumption - not a lending recommendation.
$1,490,000
Luxury property intelligence
Keenan Market Position
A sourced read on Westlake Hills pricing, timing, and property scale. No automated valuation claim.
List price
$1,490,000
Price per sqft
$742/sqft
Vs. Neighborhood guide reference price
-22.9%
$1.9M · Westlake Hills neighborhood guide · reference price
Days on market
Not available
Original to current
$300K reduction
$1.8M original
Active inventory context
117 listings
Price Position in Westlake Hills
Listed 23% 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 Jun 4, 2026.
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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
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Eanes ISD Schools
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Austin Home Valuation
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Seller Resources
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