7311 Running Rope is a 5-bedroom, 4-bath, 3,584-square-foot home on 0.24 acres in Northwest Hills, Austin, offered at $2,750,000. It is coming soon to the market. School district: Austin ISD. Listed by Joe and Cara Keenan of Keenan Group at Compass.
About This Home
Located in Northwest Hills, this 2024-built home offers 3,584 square feet of modern design, thoughtful finishes, and plenty of room to entertain. With 5 bedrooms, 4 full baths, and a backyard designed for year-round enjoyment, the home combines comfortable everyday living with spaces made for gathering. The main living area opens to the outdoors through expansive sliding glass doors, bringing in natural light and creating an easy connection to the backyard. The kitchen features designer finishes, dual ovens, a 48-inch gas range, a built-in refrigerator, and a full-size wine column, making it well suited for everything from weeknight dinners to larger gatherings. The home’s five-bedroom layout offers flexibility for family, guests, or a home office. Upstairs, a separate game room provides additional space to relax, watch a movie, or spend time together. Outside, the backyard is a standout. A covered outdoor kitchen with a built-in Coyote gas grill and bar refrigerator makes entertaining easy, while the heated pool and spa offer a place to unwind throughout the year. A private basketball court adds another option for outdoor recreation. The location puts you close to some of Austin’s favorite destinations, with Downtown about five miles away and The Domain and Q2 Stadium roughly four miles northeast. Doss Elementary is within walking distance, with Murchison Middle School and Anderson High School also nearby. With modern construction, a well-planned layout, and a backyard built for entertaining, 7311 Running Rope offers a great combination of space, convenience, and Northwest Hills living.
Northwest Hills is a family neighborhood in 78731, built in the 1960s-80s on wooded half-acre lots between MoPac and Loop 360. In the 12 months ending November 10, 2026, 97 homes sold in Northwest Hills at a median price of $1.18M (Keenan Luxury Market Index, from MLS closed sales). 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.
School District: Austin ISD
View Northwest Hills neighborhood guide- Property Type
- Residential
- Year Built
- 2024
- Lot Size
- 0.24 acres
- Price / Sq Ft
- $767
Listing information last updated October 23, 2026.
Highlights
Facts & Features
Exterior & Lot
- Lot Size
- 0.24 Acres
Financial
- Original List Price
- $2,750,000
- Price per Sq Ft
- $767
Transaction History
1 record on file
Every recorded listing, sale, and lease at 7311 Running Rope, whoever represented it. The Keenan Group represented one of them.
- Coming SoonRepresented by Keenan GroupListed 2026Current price: $2,750,000Original list: $2,750,000
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
- $2,750,000
- Original list
- $2,750,000
- Price movement
- No verified reduction
- Listed / DOM
- Oct 24, 2026
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $2,350,000
- Assessment Year
- 2025
- Year Built
- 2024
- Parcel ID
- 000000138380
| 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 |
View the 7311 Running Rope Showcase
See the Coming Soon presentation for 7311 Running Rope in Northwest Hills, with photography of the home, the heated pool and spa, the outdoor kitchen and the basketball court.
View ShowcaseDistrict Schools Nearby
Lasa High School
Bowie High School
McCallum High School
Garza Independence High School
Austin High School
Anderson High School
District context schools are shown because address-level assigned school fields are not available for this property. Contact the school district directly to verify current boundaries and enrollment eligibility.
Property Timeline
6 events on record
Current Price
$2,750,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
Tax Assessment Details
| 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.
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% ($550K)
Adjustable assumption - not a lending recommendation.
Home price
$2,750,000
Loan details
Luxury property intelligence
Keenan Market Position
A sourced read on Northwest Hills pricing, timing, and property scale. No automated valuation claim.
List price
$2,750,000
Price per sqft
$767/sqft
Vs. Neighborhood guide reference price
+132.3%
$1.2M · Northwest Hills neighborhood guide · reference price
Days on market
Not available
Original to current
No verified reduction
$2.8M original
Active inventory context
22 listings
Price Position in Northwest Hills
Listed 132% above the Northwest Hills neighborhood guide reference price. Northwest Hills neighborhood guide · reference price.
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 24, 2026.
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Northwest Hills Neighborhood Guide
Lifestyle, schools, market context, and homes in Northwest Hills
Northwest Hills Homes for Sale
Active listings and buyer search context in Northwest Hills
7311 Running Rope - Sold by Keenan Group
KG portfolio record with transaction details and photos
78731 ZIP Guide
ZIP-level neighborhoods, schools, lifestyle, and Austin market context
Browse 78731 Homes for Sale
Active 78731 listings and Northwest Hills market context
Austin ISD Schools
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Austin Home Valuation
Private Austin CMA, TCAD context, and pricing strategy
Seller Resources
Pricing, prep, launch timing, and Compass marketing strategy














