
Stunning penthouse end unit with beautiful lake views from every window at the Waterfall Condos on Lake Travis...just a few steps away from your boat slip! South Shore has marina slips available! Designed by Cornerstone Architects, this Grand Falls model home floor plan features 1,605 interior square feet, 3 spacious bedrooms, 2 full baths, generous dining area w/buffet niche, entertaining gourmet kitchen that flows seamlessly to an open living space leading outside to an expansive covered balcony where you can dine alfresco style & soak in gorgeous Lake Travis views. Impressive upgrades & luxury finishes throughout include: remodeled California Closets in owner’s suite & guest bedrooms, floor-to-ceiling windows, auto-powered roller shade window treatments, custom glass shower wall & sliding barn door, custom cabinetry, smart doorbell/lock, thermostat, smoke detectors (NEST), Lutron Caseta smart switches, upgraded Bosch induction cooktop, upgraded island pendant lights & ceiling fans, stainless appliances, kitchen cabinet lighting, rollout pantry shelves, quartz counters, tall ceilings, 8-ft doors, wood floors throughout, electrical/cable outlets prepped for wall mount TVs, refrigerator, washer & dryer included, 2 reserved side-by-side garage parking spaces with EV charging station & a storage unit. Units in this complex do not automatically come with a storage unit & 2 covered garage parking spaces! Entertain w/a fully equipped modern gourmet kitchen, large center island, & huge living area w/sliding glass doors to an expansive covered balcony to soak in the Lake Travis panorama. The Waterfall is the ideal lake retreat, lock & leave gated community, offering a 14-acre waterfront park that includes well-manicured grounds, fully fenced community pool & pool bath, building elevators, groomed walking trail, golf cart parking, dog park, water toy storage, fire pits, uaffiliated South Shore marina, LOW property tax rate, and zoned to highly acclaimed LTISD.
Property Type
Residential
Year Built
2015
Lot Size
0.45 acres
$/Sq Ft
$405
HOA
$977/mo
Garage
2 spaces
Listed by Compass RE Texas, LLC
Verified property facts
5921 Hiline RD Unit #1501 is listed at $650,000 with 3 bedrooms, 2 full bathrooms, 1,605 square feet, 0.45-acre lot.
5921 Hiline RD Unit #1501 is zoned for Lake Travis ISD with assigned schools: Lakeway (elementary), Hudson Bend (middle), Lake Travis (high). School assignments should be verified directly with the district.
5921 Hiline RD Unit #1501 is a Residential built in 2015 featuring 3 bedrooms, 2 full bathrooms, 1,605 square feet, 0.45-acre lot.
5921 Hiline RD Unit #1501 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.
With 20% down ($130,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 5921 Hiline RD Unit #1501 is around $4,564 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
#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
Waterfront
Price Change 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 |
|---|---|---|---|---|
2025-15.1% | — | $614,169 | — | — |
2024-5.8% | — | $723,536 | $352,788 | $387,935 |
2023+48.1% | — | $767,727 | $105,837 | $617,699 |
2022+3.2% | — | $518,371 | $105,837 | $661,890 |
2021 | — | $502,294 | $105,836 | $412,535 |

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% ($130K)
$650,000
Luxury property intelligence
A sourced read on Waterfall On Lake Travis Condo pricing, timing, and property scale. No automated valuation claim.
List price
$650,000
Price per sqft
$405/sqft
Vs. Waterfall On Lake Travis Condo median
Not available
Days on market
87 days
Original to current
$25K reduction
$675K 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
At $650,000, 5921 Hiline RD Unit #1501 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 Hiline RD Unit #1501 includes verified waterfront access: Lake Front,Lake Privileges,Waterfront. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
5921 Hiline RD Unit #1501 is part of a managed community with HOA dues of $977 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.
12 events on record
Current Price
$650,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-15.1% | — | $614,169 | — | — |
2024-5.8% | — | $723,536 | $352,788 | $387,935 |
2023+48.1% | — | $767,727 | $105,837 | $617,699 |
2022+3.2% | — | $518,371 | $105,837 | $661,890 |
2021 | — | $502,294 | $105,836 | $412,535 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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