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This property has sold on April 22, 2025. Looking for something similar? Contact us or browse available homes.

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Beautifully updated home in the award winning Sweetwater community featuring an amazing refresh. This meticulously maintained home showcases four bedrooms, three and half bathrooms, a dedicated office, game room, media room and a private Xeriscaped backyard. The recently renovated kitchen is highlighted by gorgeous new quartz kitchen countertops, a beautiful backsplash, new faucet and disposal and a Blanco sink. The home has been recently painted top to bottom and new premium carpeting and lighting have been installed. The focal point of the home is the oversized stunning quartz island. There is no lack of storage in the kitchen with plenty of cabinets and the convenient butler’s area provides great flow for entertaining. The spacious lower level primary bedroom has an extended seating area and the primary bathroom features two large walk-in closets and separate vanities. Upstairs you’ll find a media room with a dry bar, a gameroom/playroom, a bedroom with an ensuite bathroom, two additional bedrooms and a full bath. Step outside to the Xeriscaped yard where the mature landscaping offers amazing privacy and the low maintenance turf provides low water bills. The extended covered patio and deck offer ample seating and the Bull Frog Salt Water Spa and Green Egg in the custom built bar are included with the sale of the home! The refrigerator, washer and dryer also convey, making it completely move in ready. The amenity-rich Sweetwater neighborhood features two resort style pools, a community only gym, basketball, pickle ball and sand volleyball courts, miles of hiking and biking trails, a dog park, putting green and tons of neighborhood events. Located in the highly acclaimed Lake Travis ISD with easy access to the airport, multiple golf courses, downtown Austin and Lake Travis.
Property Type
Residential
Year Built
2013
Lot Size
0.18 acres
$/Sq Ft
$219
Listed by Compass RE Texas, LLC
Verified property facts
5501 Cherokee Draw Rd is listed at $799,000 with 4 bedrooms, 3 full, 1 half bathrooms, 3,652 square feet, 0.18-acre lot.
5501 Cherokee Draw Rd is zoned for Lake Travis ISD with assigned schools: Rough Hollow (8/10) (elementary), Lake Travis (8/10) (middle), Lake Travis (8/10) (high). School assignments should be verified directly with the district.
5501 Cherokee Draw Rd is in Sweetwater, Austin, Texas. See the full [Sweetwater neighborhood guide](/neighborhoods/sweetwater-austin) for market data, schools, and lifestyle details.
5501 Cherokee Draw Rd is a Residential built in 2013 featuring 4 bedrooms, 3 full, 1 half bathrooms, 3,652 square feet, 0.18-acre lot.
5501 Cherokee Draw 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
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 |
|---|---|---|---|---|
2025-18.8% | — | $718,405 | — | — |
2024-5.4% | — | $884,517 | $150,000 | $662,852 |
2023+57.4% | — | $935,031 | $150,000 | $734,517 |
2022 | — | $594,079 | $150,000 | $785,031 |

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% ($160K)
$799,000
Luxury property intelligence
A sourced read on Sweetwater pricing, timing, and property scale. No automated valuation claim.
List price
$799,000
Price per sqft
$219/sqft
Vs. Sweetwater median
+15.8%
$690K median
Days on market
455 days
Original to current
No verified reduction
$799K original
Active inventory context
27 listings
Price Position in Sweetwater
Listed 16% above the Sweetwater median
Source: MLS Grid / Unlock MLS and Keenan Group review as of Apr 25, 2026.
Request Private Market AnalysisLifestyle, schools, market context, and homes in Sweetwater
Active listings and buyer search context in Sweetwater
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
5501 Cherokee Draw Rd is priced at $219 per square foot across 3,652 sqft. The Sweetwater median list price is $690,000.
With 20% down ($159,800) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 5501 Cherokee Draw Rd is around $5,611 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $799,000, 5501 Cherokee Draw Rd is in the Sweetwater market where there are currently 222 active listings in 78738. The Keenan Group has completed 19 transactions in 78738 as part of 1,000+ career sales totaling $1B+ across Austin. For a detailed market analysis, see our [Sweetwater guide](/neighborhoods/sweetwater-austin).
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Sweetwater is one of Austin's established neighborhoods, zoned for Lake Travis ISD in the 78738 area. The Keenan Group has specialized in Sweetwater 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
N/A
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.
7 events on record
Current Price
$799,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-18.8% | — | $718,405 | — | — |
2024-5.4% | — | $884,517 | $150,000 | $662,852 |
2023+57.4% | — | $935,031 | $150,000 | $734,517 |
2022 | — | $594,079 | $150,000 | $785,031 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
Comparable homes that recently closed in this area
Neighborhood guide and local insights
Sweetwater is the Bee Cave community where the developer spent as much on the pool complex as some neighborhoods spend on their entire amenity package. The resort-style aquatic center includes a heated lap pool, a family pool with splash pad, and an adults-only pool, all surrounded by Hill Country landscaping and cabana seating. It sounds like a vacation resort, but this is a neighborhood amenity residents use on a regular Tuesday in June. Sweetwater is in Bee Cave within the 78738 zip code, along Sweetwater Boulevard off Hamilton Pool Road. Downtown Austin is approximately 25 minutes east via Highway 71 to MoPac. The Bee Cave commercial district is about five minutes along the 71 corridor. Hamilton Pool Preserve is roughly 20 minutes west on Hamilton Pool Road. Reimers Ranch Park, with rock climbing, mountain biking, and Pedernales river access, is about 15 minutes in the same direction. Lake Travis boat ramps are 15 to 20 minutes away. Housing reflects construction from 2015 through present. Hill Country Contemporary dominates at roughly 40 percent, with native limestone, metal roofing, and floor plans oriented around outdoor living. Texas Traditional accounts for about 25 percent. Modern Farmhouse at approximately 20 percent brings the open-plan aesthetic popular across Austin luxury. Lot sizes range from a fifth of an acre in townhome sections to three-quarters of an acre on estate lots. Pricing spans from the mid-$500s for patio homes to over $2.5 million for custom builds. The core market for a four-bedroom falls between $850,000 and $1.4 million. Lake Travis ISD serves Sweetwater, with assignments at Bee Cave Elementary, Lake Travis Middle, and Lake Travis High. The district rests on strong academic performance, competitive athletics, and broad extracurriculars. Lake Travis High sends graduates to competitive universities statewide. The growing commercial tax base supplements residential revenue and supports per-student spending. The internal trail system connects neighborhoods to the pool complex, parks, and common areas. Falconhead West trails are nearby for longer outings. Hamilton Pool draws visitors from across Texas but is close enough to feel local. Reimers Ranch offers 18-plus miles for biking and hiking plus river access. Cafe Blue handles seafood consistently. The Garden at Ellera brings Italian-influenced fare for date nights. Jack Allen's Kitchen serves Texas comfort food with local sourcing. Baguette et Chocolat provides French bakery and bistro. Meridian 98 brings a modern American menu. Summer revolves around pools and lake outings. Fall and spring push residents onto trails and into Hill Country parks. Compared to Serene Hills, which emphasizes preserved green space, Sweetwater offers a larger community with more amenity infrastructure. Serene Hills is quieter and more intimate. Sweetwater is more active and programmed. Compared to Rough Hollow with its marina, Sweetwater lacks direct lake infrastructure but counters with the pool complex and a location closer to Bee Cave's commercial core. Rough Hollow suits buyers centered on the lake. Sweetwater suits those wanting resort amenities without tying routine to water. Sweetwater fits families wanting a loaded amenity package, Lake Travis ISD, and Bee Cave convenience without committing to a lake or golf lifestyle. If your Saturday involves morning laps, an afternoon hike at Reimers Ranch, and dinner at one of five restaurants within ten minutes, this is where those things converge. The community is large enough for variety but structured enough that amenities create connection points. It is built for people who will actually use what the HOA provides.
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