This property has sold on December 16, 2024. Looking for something similar? Contact us or browse available homes.

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$100K Price improvement! New construction centrally located in Northwest Hills. Just 5 miles north of DT, and 4 miles south of the Domain + Q2 Stadium. Northwest Hills continues to be one of the most desirable neighborhoods in Austin with its close proximity to everything Austin has to offer and its larger inner city lots. This newly constructed house has 3,584sf of living space accompanied by a backyard oasis perfect for entertaining family and friends. First floor living space is very open and flows seamlessly from kitchen to dining to living room to covered outdoor patio. The perfect set up for holiday parties, and family gatherings. The gourmet kitchen includes an oversized center island, and a Thermador appliance package complete with a 48" range/double oven and fridge/freezer/wine column built-in combination. The house has 5 bedrooms, 4 bathrooms, living room open to kitchen and dining, a game/media room, and a 3 car garage. A beautiful master suite is on the main level and overlooks the backyard + pool/spa. Master bathroom is accented with marble tile, and equipped with a soaking tub, walk-in shower, and double vanity. No two rooms share a common bed wall, allowing each bedroom to maintain privacy. Outdoor entertaining includes heated pool + spa, Coyote outdoor gas grille with mini fridge, covered patio, and plenty of leftover yard for additional features. This property is walkable to the newly built Doss Elementary, updated Murchison Middle School, award winning Anderson's International Baccalaureate High School, and the Dell Jewish Community Center. See docs for floor plan and survey. Supra box on front porch. We have Certificate of Occupancy from the City. House is move-in ready!
Property Type
Residential
Year Built
2024
Lot Size
0.24 acres
$/Sq Ft
$696
Garage
5 spaces
Pool
Yes
Listed by Waldrop Properties
Verified property facts
7311 Running Rope is listed at $2,495,000 with 5 bedrooms, 4 full bathrooms, 3,584 square feet, 0.24-acre lot. This places it above the 78731 median of $1,250,000.
7311 Running Rope is zoned for Austin ISD with assigned schools: Doss (Austin ISD) (elementary), Murchison (7/10) (middle), Anderson (7/10) (high). School assignments should be verified directly with the district.
7311 Running Rope is in Northwest Hills, Austin, Texas. See the full [Northwest Hills neighborhood guide](/neighborhoods/northwest-hills-austin) for market data, schools, and lifestyle details.
7311 Running Rope is a Residential built in 2024 featuring 5 bedrooms, 4 full bathrooms, 3,584 square feet, 0.24-acre lot.
7311 Running Rope 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
Previously Represented By
The Keenan Group at Compass
#1 ABoR Team 2024$1B+ Career Sales1,000+ Homes Sold
Original List Price
$2,599,999
Closing Date
December 17, 2024
Days on Market
151

The Keenan Group represented the buyer in the December 17, 2024 sale of this property (listed at $2,599,999). The home was on the market for 151 days.
Listing timeline 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+133.3% | — | $2,350,000 | — | — |
2024-15.0% | — | $1,007,076 | $650,000 | — |
2023+75.6% | — | $1,184,366 | $650,000 | $357,076 |
2022+13.9% | — | $674,412 | $650,000 | $534,366 |
2021 | — | $591,883 | $400,000 | $274,412 |
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% ($499K)
$2,495,000
Luxury property intelligence
A sourced read on Northwest Hills pricing, timing, and property scale. No automated valuation claim.
List price
$2,495,000
Price per sqft
$696/sqft
Vs. Northwest Hills median
+110.5%
$1.2M median
Days on market
730 days
Original to current
$105K reduction
$2.6M original
Active inventory context
20 listings
Price Position in Northwest Hills
Listed 111% above the Northwest Hills median
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 5, 2026.
Request Private Market AnalysisLifestyle, schools, market context, and homes in Northwest Hills
Active listings and buyer search context in Northwest Hills
ZIP-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
7311 Running Rope is priced at $696 per square foot across 3,584 sqft. The Northwest Hills median list price is $1,185,050.
The most recent annual property tax for 7311 Running Rope is $11,760. 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 ($499,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 7311 Running Rope is around $13,926 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $2,495,000, 7311 Running Rope is in the Northwest Hills market where there are currently 71 active listings in 78731. The Keenan Group has completed 105 transactions in 78731 as part of 1,000+ career sales totaling $1B+ across Austin. For a detailed market analysis, see our [Northwest Hills guide](/neighborhoods/northwest-hills-austin).
7311 Running Rope includes verified waterfront access: None. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Northwest Hills is one of Austin's established neighborhoods, zoned for Austin ISD in the 78731 area. The Keenan Group has specialized in Northwest 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)
Somewhat Walkable
Some Transit
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.
7 events on record
Current Price
$2,599,999
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025+133.3% | — | $2,350,000 | — | — |
2024-15.0% | — | $1,007,076 | $650,000 | — |
2023+75.6% | — | $1,184,366 | $650,000 | $357,076 |
2022+13.9% | — | $674,412 | $650,000 | $534,366 |
2021 | — | $591,883 | $400,000 | $274,412 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
Neighborhood guide and local insights
Northwest Hills is a family neighborhood in 78731, built in the 1960s-80s on wooded half-acre lots between MoPac and Loop 360. Median home price $1.19M. Austin ISD schools — Doss Elementary and Murchison Middle rank among the district's best. 12 minutes to UT campus, 15 to downtown. The housing stock is predominantly single-story ranch and split-level homes on lots averaging 0.3-0.5 acres with mature live oak and cedar canopy. Most original homes are 1,800-3,000 sq ft. A renovation wave has been updating kitchens and adding square footage without tearing down — the lot sizes accommodate additions well. Active listings typically number 15-25 at any given time. Daily life revolves around the schools and the outdoors. Bull Creek for weekend wading, Mount Bonnell for sunset hikes (8 minutes from the neighborhood), Northwest District Park for soccer and the playground. Far West corridor handles weeknight dining — Saffron, 5280 Burger, Yamas. The Arboretum and Domain are 10 minutes north for shopping. HEB on Far West is the neighborhood grocery hub. What makes Northwest Hills the family value play in Central Austin: Doss/Murchison school quality at roughly half the Eanes ISD price point, lot sizes that rival Westlake, and a 15-minute commute that beats the suburbs. The tradeoff is Austin ISD (good but not Eanes) and 1960s-80s housing stock that often needs updating.
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