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$2,950,000
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4 bed, 4 bath, 4,081 sqft on 1.69 acres in Leander. Leander, TX 78645. $2,950,000. Lago Vista ISD.
Set high above the glistening waters of Lake Travis, this extraordinary estate built by Silverton Custom Homes offers a rare opportunity to own a true piece of Texas waterfront luxury. Located within the prestigious gated enclave of Waterford, the home captures sweeping, unobstructed views of the lake and surrounding Hill Country—views that rival the most iconic vantage points in Central Texas—along with rare deep-water access via a private tram and personal boat dock. Crafted with uncompromising attention to detail, this custom residence is a masterclass in refined design and superior construction. Designed for both grand entertaining and everyday luxury, the home features an expansive great room with soaring 23-foot ceilings, striking architectural details, and walls of windows that frame the breathtaking scenery while filling the space with natural light. Set on one of the most desirable lots on the street, the property offers generous front and rear grounds, with a level upper portion that provides easy access, generous space for guest arrival, and plenty of room for a resort-style pool. From there, the land gracefully slopes toward the lake, opening up to dramatic panoramic views of the water and rolling Hill Country for miles beyond. At the heart of the home, the indoor living spaces flow seamlessly into exceptional outdoor entertaining areas, complete with a fireplace, covered grilling station, TV lounge, outdoor dining area, and sun deck—all designed to maximize the stunning views. When it is time to get on the water, lake access is effortless thanks to a private tram accessed directly from the patio, delivering you to your floating boat dock below. Positioned in deep water and equipped with a rail system to adapt to changing lake levels, the dock offers both convenience and peace of mind. This estate delivers the tranquility of a resort lifestyle with the privacy, comfort, and elegance of a custom home, with convenient access to downtown Austin.
Set high above Lake Travis on 1.6888 acres in Waterford, 708 Watercliffe Dr commands panoramic views that stretch across open water and rolling Hill Country terrain. This Silverton custom build from 2022 is positioned on one of the street's most coveted lots, with the home situated to capture unobstructed sightlines the moment you approach the property.
The architecture itself becomes a frame for the landscape. Twenty-three-foot vaulted ceilings in the great room stretch upward to skylights that flood the space with natural light, while expansive windows and glass walls face the water. The open floor plan eliminates visual barriers between rooms, so whether you're in the kitchen with quartz counters and an island, the dining area, or the living spaces, your eye is constantly drawn to the lake beyond. Recessed lighting and ceiling fans disappear into the design, leaving the views as the undeniable focal point.
From the upper level, the land slopes gently toward the waterfront. This grading creates a natural amphitheater effect where outdoor living spaces command the scenery. A covered patio with gas grill and fireplace extends the sightlines, while the rear sun deck and outdoor dining area position you within the vista rather than separate from it. You're not looking at the lake from a distance; you're elevated within the landscape, suspended above the water.
Lake access is direct and seamless. A private tram accessed from the patio descends to a floating boat dock equipped with a boat lift and rail system that adapts to water level changes. This isn't a shared community dock. It's your own waterfront infrastructure, in deep water, steps from your home.
The property itself supports resort-style living. The 4,081 square feet includes four bedrooms and 4.5 baths, with the primary suite anchored on the main level. Built-in sound system wiring, walk-in closets, and a soaking tub reflect the attention to detail throughout. Masonry construction on all sides, tile and wood flooring, and beamed ceilings speak to durability and finish quality. The 3-car garage, automatic sprinklers, and level upper yard provide practical infrastructure for daily life.
Located in Leander within Lago Vista ISD, the property sits 35-40 minutes from downtown Austin and Tesla's Gigafactory. Waterford itself maintains gated security and a private community structure. At $723 per square foot for a custom waterfront estate with this caliber of views and dock access, the valuation reflects both the rarity of the location and the quality of construction. This is not new-construction pricing; this is established luxury pricing for a property that delivers on every dimension of waterfront living.
Verified property facts
708 Watercliffe Dr is listed at $2,950,000 with 4 bedrooms, 4 full, 1 half bathrooms, 4,081 square feet, 1.69-acre lot. This places it above the ZIP 78645 single-family closed-sale median price of $1,176,997 (ZIP 78645 geography · single-family closed sales · median sale price · trailing 12 months as of Sep 30, 2026).
708 Watercliffe Dr is zoned for Lago Vista ISD with assigned schools: Lago Vista (elementary), Lago Vista (middle), Lago Vista (high). School assignments should be verified directly with the district.
708 Watercliffe Dr is a Residential built in 2022 featuring 4 bedrooms, 4 full, 1 half bathrooms, 4,081 square feet, 1.69-acre lot.
708 Watercliffe Dr is listed by Silverton Real Estate. Keenan Group at Compass presents this IDX listing and provides the accompanying market analysis using public records data reviewed as of May 5, 2026.
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1 record on file
Every recorded listing, sale, and lease at 708 Watercliffe Dr, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
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+35.3% | — | $2,570,023 | $1,300,000 | — |
2024+44.9% | — | $1,900,000 | $975,000 | $1,559,122 |
2023+385.6% | — | $1,311,225 | $900,000 | $1,000,000 |
2021 | — | $270,000 | $270,000 | — |

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.
20% ($590K)
Adjustable assumption - not a lending recommendation.
$2,950,000
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List price
$2,950,000
Price per sqft
$723/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
Not available
Original to current
No verified reduction
$3M original
Active inventory context
Ask for current inventory
Source: Public records and Keenan Group review as of May 5, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
The most recent annual property tax for 708 Watercliffe Dr is $59,210. 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.
This page does not assume a mortgage rate or publish a monthly payment for 708 Watercliffe Dr. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
As of May 5, 2026, 708 Watercliffe Dr is offered at $2,950,000. The current MLS snapshot shows 241 active listings in 78645. Keenan Group has completed 7 verified transactions in 78645 within its 1,000+ completed transactions and $1B+ career volume across Austin.
708 Watercliffe Dr was built in 2022, making it 4 years old with relatively recent construction.
The MLS listing marks 708 Watercliffe Dr as waterfront. Confirm shoreline access, dock rights, and floodplain status from current property documents during due diligence.
The MLS listing reports HOA or association dues of $1,000 annual for 708 Watercliffe Dr. It does not establish included amenities, services, rules, reserves, or current assessments; verify those items in current association documents.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
5 events on record
Current Price
$2,950,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025+35.3% | — | $2,570,023 | $1,300,000 | — |
2024+44.9% | — | $1,900,000 | $975,000 | $1,559,122 |
2023+385.6% | — | $1,311,225 | $900,000 | $1,000,000 |
2021 | — | $270,000 | $270,000 | — |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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