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$8,595,000
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Discreetly perched among heritage oak trees on a hilltop behind a gated entry, this entertainer’s dream home offers unparalleled views of downtown Austin. The soft contemporary residence is a testament to modern luxury, with floor to ceiling windows positioned to embrace both dazzling evening city lights and serene sunrises. Thoughtfully curated open-plan living spaces offer wooden floors, custom stainless-steel staircase, onyx fireplace, zebra wood study, 2,200 bottle wine cellar, handcrafted stained glass kitchen and cocktail bar backsplashes, gourmet and prep kitchen, butler’s pantry with built-in china cabinets, crystal chandeliers, and a granite fountain upon entry. A private wing blends an oversized primary suite with walls of glass, and a cozy niche to a secluded patio. The primary bathroom offers a 14-head walk-in shower, soaking tub, and an audacious designer closet. Inclusive to the 7,574 square foot estate are two, upstairs ensuite bedrooms for family and friends.
Property Type
Residential
Year Built
1991
Lot Size
2.23 acres
$/Sq Ft
$1,142
HOA
$550/mo
Garage
4 spaces
Listed by Moreland Properties
Verified property facts
706 Las Lomas DR is listed at $8,595,000 with 4 bedrooms, 3 full, 1 half bathrooms, 7,529 square feet, 2.23-acre lot. This places it above the 78746 median of $2,000,000.
706 Las Lomas DR is zoned for Eanes ISD with assigned schools: Eanes (10/10) (elementary), Hill Country (9/10) (middle), Westlake (9/10) (high). School assignments should be verified directly with the district.
706 Las Lomas DR is in Westlake Hills, Austin, Texas. See the full [Westlake Hills neighborhood guide](/neighborhoods/westlake-hills-austin) for market data, schools, and lifestyle details.
706 Las Lomas DR is a Residential built in 1991 featuring 4 bedrooms, 3 full, 1 half bathrooms, 7,529 square feet, 2.23-acre lot.
706 Las Lomas 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.
#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
Pending 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+5.4% | — | $4,740,888 | — | — |
2024+0.0% | — | $4,500,000 | $2,497,500 | $1,780,964 |
2023+31.6% | — | $4,500,000 | $2,497,500 | $2,002,500 |
2022 | — | $3,419,600 | $2,081,250 | $2,418,750 |
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% ($1.7M)
$8,595,000
Luxury property intelligence
A sourced read on Westlake Hills pricing, timing, and property scale. No automated valuation claim.
List price
$8,595,000
Price per sqft
$1,142/sqft
Vs. Westlake Hills median
+265.6%
$2.4M median
Days on market
402 days
Original to current
No verified reduction
$8.6M original
Active inventory context
17 listings
Price Position in Westlake Hills
Listed 266% above the Westlake Hills median
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 16, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
706 Las Lomas DR is priced at $1,142 per square foot across 7,529 sqft. The Westlake Hills median list price is $2,351,000.
The most recent annual property tax for 706 Las Lomas DR is $63,970. 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.
With 20% down ($1,719,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 706 Las Lomas DR is around $49,928 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $8,595,000, 706 Las Lomas DR is in the Westlake Hills market where there are currently 109 active listings in 78746. The Keenan Group has completed 19 transactions in 78746 as part of 1,000+ career sales totaling $1B+ across Austin. For a detailed market analysis, see our [Westlake Hills guide](/neighborhoods/westlake-hills-austin).
706 Las Lomas DR was built in 1991 (35 years ago). Buyers should budget for potential updates to major systems.
706 Las Lomas DR includes verified waterfront access: None. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
706 Las Lomas DR sits on a 2.23-acre lot, providing substantial outdoor living space. Properties of this scale in Austin's luxury market typically feature pool areas, outdoor kitchens, and mature landscaping. Confirm specific amenities with the listing agent.
706 Las Lomas DR is part of a managed community with HOA dues of $550 annually. 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.
Westlake Hills is one of Austin's established neighborhoods, zoned for Eanes ISD in the 78746 area. The Keenan Group has specialized in Westlake Hills real estate for 25+ years with 1,000+ career transactions. Contact (512) 415-7653 for current market conditions and available homes.
Source: Keenan Group at Compass Real Estate, #1 Austin Board of Realtors Team (2024)
Car-Dependent
Some Transit
Somewhat Bikeable
Walk Score measures walkability based on distance to amenities. Transit Score measures public transportation access. Bike Score measures bikeability based on bike infrastructure and terrain.
9 events on record
Current Price
$8,595,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025+5.4% | — | $4,740,888 | — | — |
2024+0.0% | — | $4,500,000 | $2,497,500 | $1,780,964 |
2023+31.6% | — | $4,500,000 | $2,497,500 | $2,002,500 |
2022 | — | $3,419,600 | $2,081,250 | $2,418,750 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
Best Match
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Neighborhood guide and local insights
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.
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