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4 bed, 3 bath, 3,236 sqft on 0.64 acres in Westlake Hills. West Lake Hills, TX 78746. Last listed at $1,295,000, sold November 30, 2023. Eanes ISD.
About This Home
Located on a beautiful hilltop in West Lake Hills and within the coveted Eanes Independent School District, this .64 acre property has stunning panoramic vistas of the Downtown Skyline and Lake Austin. A great opportunity for a tear down/rebuild or complete remodel. The current home can be divided into two units with two bedrooms, one bath, kitchen, living area and its own outside entrance on the lower level. The main/top level has two bedrooms, two baths, a large kitchen opening to the dining area, breakfast area and family room with a fireplace and large deck spanning the back of the home ... all facing the stunning Downtown Austin view. This exceptional property is just awaiting the creative vision of its next owner. Property is being sold as-is. All figures should be independently verified including but not limited to square footage, taxes, schools, lot size, restrictions, etc.
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
- 1977
- Lot Size
- 0.64 acres
- Price / Sq Ft
- $400
Listing information last updated November 30, 2023.
Listed by Engel & Volkers Austin
MLS# 6156256 • 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
- Carpet
- Tile
- Heating
- Central,Electric
- Cooling
- Electric
- Fireplaces
- 1
Exterior & Lot
- Wood Siding
- Trees-Large (Over 40 Ft)
- Views
- Slab
- Covered
- Deck
- Enclosed
- Patio
- Porch
- Terrace
- Roof
- Composition
- Lot Size
- 0.64 Acres
- Additional Parking
- Carport
Financial
- Original List Price
- $1,295,000
- Price per Sq Ft
- $400
Utilities
- Electricity Available
- Water Connected
- Water Source
- Public
- Sewer
- Septic Tank
Transaction History
3 records on file
Every recorded listing, sale, and lease at 701 Terrace Mountain DR, whoever represented it.
- WithdrawnListed 2025Current price: $2,775,000Original list: $2,950,000MLS 5427600
- SoldNovember 30, 2023Listed at: $1,295,000MLS 6156256
- SoldNovember 23, 2023Listed at: $1,295,000MLS 4652602
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
- $1,295,000
- Original list
- $1,295,000
- Price movement
- No verified reduction
- Listed / DOM
- Oct 19, 2023
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $1,202,800
- Assessment Year
- 2025
- Year Built
- 1977
- Parcel ID
- 000000119849
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-40.4% | — | $1,202,800 | — | — |
2024+12.9% | — | $2,019,412 | $1,012,000 | $327,807 |
2023+56.8% | — | $1,789,343 | $1,012,000 | $1,007,412 |
2022 | — | $1,141,330 | $1,012,000 | $777,343 |
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.
Illustrative down payment
20% ($259K)
Adjustable assumption - not a lending recommendation.
Home price
$1,295,000
Loan details
Luxury property intelligence
Keenan Market Position
A sourced read on Westlake Hills pricing, timing, and property scale. No automated valuation claim.
List price
$1,295,000
Price per sqft
$400/sqft
Vs. Neighborhood guide reference price
-30.9%
$1.9M · Westlake Hills neighborhood guide · reference price
Days on market
Not available
Original to current
No verified reduction
$1.3M original
Active inventory context
112 listings
Price Position in Westlake Hills
Listed 31% 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 Apr 25, 2026.
Request Private Market AnalysisConnect 701 Terrace Mountain Dr to the Austin Market
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
ZIP-level neighborhoods, schools, lifestyle, and Austin market context
Eanes ISD Schools
District guide, nearby schools, and homes by attendance area
Austin Home Valuation
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Seller Resources
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