This property has sold on September 15, 2023. Looking for something similar? Contact us or browse available homes.

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$985,000
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A very special one story home with transitional remodel completed in 2015. Neighborhood and lot are unmatched in natural scenery and easy access to the best of Austin, sitting on .487ac within walking distance to Bull Creek city park, trails and a neighborhood park with private creek access (membership only - $65/yr). Great schools, close proximity to downtown, as well as The Domain with Austin’s world-class shopping, eateries, arts and entertainment. Spacious living area fits two seating areas or living & dining. Updated kitchen with lovely cabinets, granite counters and breakfast bar overlooking a charming family room with natural stone fireplace and book cases. Primary bedroom is at back of home with beautifully updated bath including walk-in shower, double vanities, walk-in closet. Ancient trees plus lovely gardens in front and back fenced yard, which can be viewed from large covered porch, outdoor fireplace on side of home, play area & open patio in backyard + gorgeous 2 room office for remote work with rolling hill view! You won't want to leave once you see this home!
Property Type
Residential
Year Built
1960
Lot Size
0.49 acres
$/Sq Ft
$467
Garage
1 spaces
Listed by Moreland Properties
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Waterfront
Verified property facts
5603 Driftwood DR is listed at $985,000 with 3 bedrooms, 2 full, 1 half bathrooms, 2,111 square feet, 0.49-acre lot.
5603 Driftwood DR is zoned for Austin ISD with assigned schools: Doss (Austin ISD) (elementary), Murchison (7/10) (middle), Anderson (7/10) (high). School assignments should be verified directly with the district.
5603 Driftwood DR is a Residential built in 1960 featuring 3 bedrooms, 2 full, 1 half bathrooms, 2,111 square feet, 0.49-acre lot.
5603 Driftwood DR 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.
The most recent annual property tax for 5603 Driftwood DR is $17,879. 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.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
2 records on file
Every recorded sale and lease at 5603 Driftwood DR, whoever represented it. The Keenan Group represented 2 of them.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
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 |
|---|---|---|---|---|
2025-9.3% | — | $1,175,995 | — | — |
2024+6.4% | — | $1,296,959 | $600,000 | $350,000 |
2023+37.2% | — | $1,219,037 | $600,000 | $696,959 |
2022 | — | $888,300 | $600,000 | $619,037 |

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% ($197K)
$985,000
Luxury property intelligence
A sourced read on Lakewood Village pricing, timing, and property scale. No automated valuation claim.
List price
$985,000
Price per sqft
$467/sqft
Vs. Lakewood Village median
Not available
Days on market
Not available
Original to current
$115K reduction
$1.1M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Apr 25, 2026.
Request Private Market AnalysisZIP-level neighborhoods, schools, lifestyle, and Austin market context
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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
With 20% down ($197,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 5603 Driftwood DR is around $6,601 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $985,000, 5603 Driftwood DR is in the Lakewood Village market where there are currently 65 active listings in 78731. The Keenan Group has completed 107 transactions in 78731 as part of 1,000+ career sales totaling $1B+ across Austin.
5603 Driftwood DR was built in 1960 (66 years ago). Buyers should budget for potential updates to major systems.
5603 Driftwood DR includes verified waterfront access: None. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
7 events on record
Current Price
$1,100,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-9.3% | — | $1,175,995 | — | — |
2024+6.4% | — | $1,296,959 | $600,000 | $350,000 |
2023+37.2% | — | $1,219,037 | $600,000 | $696,959 |
2022 | — | $888,300 | $600,000 | $619,037 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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