
Love the lake lifestyle without the upkeep?
Experience refined waterfront living at The Waterfall, one of the most sought-after luxury lake condos on Lake Travis designed by the renowned Cornerstone Group Architects. This unique five-story condominium with 35 units offers resort-style amenities , panoramic water views, and lock-and-leave convenience. Ideally positioned along the coveted south shore near Emerald Point Marina, this premier condo community blends upscale design with the relaxed elegance of the Lake Travis lifestyle. These luxury Lake Travis condos under $550,000 feature expansive floor-to-ceiling glass, private balconies with spectacular sunset views, and soaring 12-foot ceilings that create a light-filled, open atmosphere. Inside, you’ll find European White Oak hardwood floors, a neutral color palette, and meticulously maintained interiors designed for both comfort and sophistication. The gourmet kitchen showcases stainless steel built-in appliances, European-style matte cabinetry, and designer tile accents—perfect for entertaining or weekend escapes. Each residence includes in-unit laundry, elevators for easy access, one reserved parking space, and ample overflow parking for guests.
Featured Floor Plan – Angel Falls?3 Bedrooms | 2 Bathrooms | 1,379 Sq Ft
Set on 14 acres of manicured greenspace with mature oak trees and hiking trails, residents enjoy a private pool with cabanas and grilling stations, fenced dog park, tree fort lookout, secure storage for lake toys, and walking access to a first-class marina with boat slips, jet ski slips, and a designated floating dock.
Whether you’re searching for a weekend retreat, full-time residence, or investment opportunity near Lakeway, Waterfall on Lake Travis delivers unmatched value, convenience, and breathtaking Hill Country views. 40 minutes to Austin International Airport and Downtown Austin.
Reach out to schedule your private tour today and discover luxury lake living at its finest.
Property Type
Residential
Year Built
2015
Lot Size
0.39 acres
$/Sq Ft
$388
HOA
$789/mo
Garage
1 spaces
Pool
Yes
Listed by Kuper Sotheby's Int'l Realty
Verified property facts
5921 Hi Line Rd Unit #1303 is listed at $535,000 with 3 bedrooms, 2 full bathrooms, 1,379 square feet, 0.39-acre lot.
5921 Hi Line Rd Unit #1303 is zoned for Lake Travis ISD with assigned schools: Lake Travis (8/10) (elementary), Hudson Bend (7/10) (middle), Lake Travis (8/10) (high). School assignments should be verified directly with the district.
5921 Hi Line Rd Unit #1303 is a Residential built in 2015 featuring 3 bedrooms, 2 full bathrooms, 1,379 square feet, 0.39-acre lot.
5921 Hi Line Rd Unit #1303 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 5921 Hi Line Rd Unit #1303 is $6,314. 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
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
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 |
|---|---|---|---|---|
2025-17.8% | — | $532,086 | — | — |
2024-2.0% | — | $646,991 | $270,161 | $296,658 |
2023+51.7% | — | $660,355 | $81,048 | $565,943 |
2022+18.9% | — | $435,262 | $81,048 | $579,307 |
2021 | — | $366,008 | $81,048 | $354,214 |

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% ($107K)
$535,000
Luxury property intelligence
A sourced read on Waterfall On Lake Travis Condo pricing, timing, and property scale. No automated valuation claim.
List price
$535,000
Price per sqft
$388/sqft
Vs. Waterfall On Lake Travis Condo median
Not available
Days on market
155 days
Original to current
No verified reduction
$535K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jul 25, 2026.
Request Private Market AnalysisZIP-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
With 20% down ($107,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 5921 Hi Line Rd Unit #1303 is around $3,302 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $535,000, 5921 Hi Line Rd Unit #1303 is in the Waterfall On Lake Travis Condo market where there are currently 196 active listings in 78734. The Keenan Group has completed 16 transactions in 78734 as part of 1,000+ career sales totaling $1B+ across Austin.
5921 Hi Line Rd Unit #1303 includes verified waterfront access. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
5921 Hi Line Rd Unit #1303 is part of a managed community with HOA dues of $789 monthly. HOA-managed communities in Austin's luxury market typically provide amenities such as common areas, security, and exterior maintenance. Verify current dues and rules with the HOA directly.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
8 events on record
Current Price
$535,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-17.8% | — | $532,086 | — | — |
2024-2.0% | — | $646,991 | $270,161 | $296,658 |
2023+51.7% | — | $660,355 | $81,048 | $565,943 |
2022+18.9% | — | $435,262 | $81,048 | $579,307 |
2021 | — | $366,008 | $81,048 | $354,214 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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