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4 bed, 3 bath, 3,584 sqft on 0.39 acres in Serene Hills. Austin, TX 78738. Last listed at $1,195,000, sold October 7, 2021. Lake Travis ISD.
About This Home
**Multiple offers received..owner to make decision 9/19** Single level home in coveted Serene Hills. Spacious, open floor plan with excellent storage. Screened porch with BBQ area, overlooking generous yard space with live oaks and plenty of room for pool addition. 4 full bedrooms with separate office, butler's pantry with wine cooler. Special features include; wood tile plank flooring, Viking refrigerator, 3 car garage, standing seam metal roof, rotunda entry foyer, vaulted ceiling with wood beams, and limestone fireplace. Serene Hills is the perfect location, close to all schools, retail, country clubs, and Lake Travis. Homeowners can enjoy the 5.2 mile hike and bike trails, which also feature work-out stations, creeks and picnic areas overlooking the countryside. La Campana park also features areas for family parties, swings and a children’s fort built around an amazing oak tree.
Serene Hills is a 339-home community in Bee Cave where roughly 75 percent of the land was left as preserved green space. That means the neighborhood has more acres of open terrain than residential lots. That ratio is not typical for the price point. Most Bee Cave and Lakeway communities maximize lot yield. Serene Hills went the other direction, and the result is houses that sit in the landscape rather than covering it.
The community is in Bee Cave within the 78738 zip code, along Bee Cave Parkway between Highway 71 and Hamilton Pool Road. Downtown Austin is roughly 25 minutes east via Highway 71 to MoPac. The Bee Cave commercial corridor with H-E-B and Hill Country Galleria is about five minutes away. Lakeway is approximately ten minutes west. Falconhead borders to the south and Sweetwater to the north and east.
Housing was built primarily between 2014 and 2020. Contemporary Hill Country architecture dominates at roughly 40 percent, with native stone, stucco, metal roof accents, and oversized windows that take advantage of the green space views. Modern Farmhouse designs account for about 25 percent. Mediterranean influences appear in about 15 percent. Lot sizes range from a quarter acre to over half an acre on perimeter lots backing to preserved land. Pricing runs from the high $700s to over $2 million. The active market for a four-bedroom falls between $1 million and $1.6 million.
Lake Travis ISD serves Serene Hills. Students attend Bee Cave Elementary, Lake Travis Middle, and Lake Travis High. The district is well-regarded for academics, athletics, and extracurriculars. The tax base from Bee Cave and Lakeway commercial development supports teacher compensation and facilities. The elementary campus is close enough that the morning drop-off is brief, a practical detail that matters more to daily life than rankings.
With 339 homes, residents know neighbors by name. That is not a figure of speech. Community events, the pool, and trails create enough recurring contact for relationships to form naturally. Internal trails connect to Bee Cave Park Loop for longer outings. For dining, Tadashi serves Japanese cuisine with quality ingredients. Cafe Blue offers polished seafood. SP Brazilian handles special occasions. CARVE American Grille brings straightforward steaks and cocktails. The Grove Wine Bar works for quieter weeknights. Restaurant density in Bee Cave has reached the point where residents eat out several nights without repeating.
Compared to Rough Hollow, which is four times the size with a marina, Serene Hills offers a quieter experience with more breathing room and tighter social fabric. Compared to Sweetwater nearby, Serene Hills is smaller with more preserved natural terrain. Sweetwater offers more resort-style pools and a wider price range. Compared to Falconhead with its golf course, Serene Hills replaces golf with green space. No golf course, no marina, no lazy river. What it has is land that was left alone.
Serene Hills is for buyers who have looked at the large master-planned communities and decided they want something quieter. If 339 homes is the right scale, if you would rather look at open Hill Country than a roofline, and if Lake Travis ISD and a 25-minute commute check the practical boxes, this delivers. It works for families with young children who want kids growing up together, and couples wanting Bee Cave without the density. The green space is the product. Everything else is built around preserving it.
School District: Lake Travis ISD
View Serene Hills neighborhood guide- Property Type
- Residential
- Year Built
- 2014
- Lot Size
- 0.39 acres
- Price / Sq Ft
- $333
- HOA
- $180/quarter
- Garage
- 3 spaces
Listing information last updated October 7, 2021.
Listed by Tommy Cokins, Broker
MLS# 2439556 • 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
- Breakfast Bar
- High Ceilings
- Vaulted Ceiling(s)
- Granite Counters
- Kitchen Island
- Primary Bedroom on Main
- Walk-In Closet(s)
- Built-In Oven(s)
- Built-In Refrigerator
- Dishwasher
- Disposal
- Gas Cooktop
- Microwave
- Refrigerator
- Wine Cooler
- Tile
- Heating
- Central,Zoned
- Cooling
- Central Air
- Fireplaces
- 2
Exterior & Lot
- Rain Gutters
- Outdoor Grill
- Stone
- Stucco
- Back Yard
- Near Golf Course
- Sprinkler - Automatic
- Trees-Medium (20 Ft - 40 Ft)
- Partial
- Wrought Iron
- Slab
- Covered
- Screened
- Roof
- Metal
- Lot Size
- 0.39 Acres
- Attached
- Door-Multi
- Driveway
- Garage Faces Side
- Garage Spaces
- 3
Financial
- HOA Fee
- $180 / quarter
- Original List Price
- $1,195,000
- Price per Sq Ft
- $333
Utilities
- Cable Available
- Electricity Available
- Natural Gas Connected
- Phone Available
- Sewer Connected
- Water Connected
- Water Source
- MUD
- Sewer
- MUD
Transaction History
2 records on file
Every recorded listing, sale, and lease at 705 Sweet Grass LN, whoever represented it.
- WithdrawnListed 2023Current price: $1,300,000Original list: $1,439,900MLS 1114088
- SoldOctober 7, 2021Listed at: $1,195,000MLS 2439556
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
- $1,195,000
- Original list
- $1,195,000
- Price movement
- No verified reduction
- Listed / DOM
- Sep 16, 2021
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $1,198,614
- Assessment Year
- 2025
- Year Built
- 2014
- Parcel ID
- 000000818731
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-14.4% | — | $1,198,614 | — | — |
2024+14.7% | — | $1,399,711 | $200,000 | $1,082,045 |
2023+38.8% | — | $1,220,000 | $200,000 | $1,199,711 |
2022 | — | $879,232 | $200,000 | $1,020,000 |
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Zoned Schools & District Context
Lake Travis
Bee Cave Middle School
Serene Hills
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 and home insurance. Each requires verified amount, cadence or unit, source, and as-of details.
HOA source: MLS Grid / Unlock MLS, as of 2026-04-25T02:51:50.833075+00:00; normalized from quarterly dues.
20% ($239K)
Adjustable assumption - not a lending recommendation.
$1,195,000
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Keenan Market Position
A sourced read on Serene Hills pricing, timing, and property scale. No automated valuation claim.
List price
$1,195,000
Price per sqft
$333/sqft
Vs. Neighborhood guide reference price
-5.8%
$1.3M · Serene Hills neighborhood guide · reference price
Days on market
Not available
Original to current
No verified reduction
$1.2M original
Active inventory context
4 listings
Price Position in Serene Hills
Listed 6% below the Serene Hills neighborhood guide reference price. Serene Hills neighborhood guide · reference price.
Source: MLS Grid / Unlock MLS and Keenan Group review as of Apr 25, 2026.
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Serene Hills Neighborhood Guide
Lifestyle, schools, market context, and homes in Serene Hills
Serene Hills Homes for Sale
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78738 ZIP Guide
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Lake Travis ISD Schools
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