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Keenan Group#1 Austin Board of Realtors Team 2024

$8,000,000

7Beds
4.4Baths
14,000Sq Ft
110.00 acresLot

7400 Park Road 4, Burnet, TX 78611

Reduced 47%$15,000,000
Burnet·MLS# 3972756·Built 1998·518 days on market

7 bed, 4 bath, 14,000 sqft on 110.00 acres in Burnet. Burnet, TX 78611. $8,000,000. BurnetCONSISD.

About This Home

Falkenstein Castle — Burnet, Texas

Inspired by the romantic castles of Bavaria and nestled atop 110 acres in the Texas Hill Country, Falkenstein Castle is a breathtaking private estate and architectural masterpiece. This distinct 14,000+/- sqft stone castle features 7 bedrooms, 4 full and 4 half baths, 6 charming tiny homes, and an additional apartment above a maintenance garage—offering versatility for a luxury residence, event venue, or exceptional investment.

With panoramic hilltop views of the Highland Lakes, unmatched privacy, and timeless European design, Falkenstein Castle is one of Texas’ most iconic properties and a rare opportunity to own the crown jewel of the Texas Hill Country.

Property Type
Residential
Year Built
1998
Lot Size
110.00 acres
Price / Sq Ft
$571
Garage
4 spaces

Listing information last updated September 17, 2026.

Listed by Horseshoe Bay Living 2, LLC

MLS# 3972756 • Active

IDX inquiries: Keenan Group at Compass · (512) 415-7653

Highlights

4-car garage with additional parking capacity
Generous 110.00-acre lot
Breakfast Bar
Beamed Ceilings
Ceiling-High
Ceiling-Vaulted

Facts & Features

Interior

Features

  • Breakfast Bar
  • Beamed Ceilings
  • Ceiling-High
  • Ceiling-Vaulted
  • Chandelier
  • Granite Counters
  • Interior Steps
  • Kitchen Island
  • Pantry
  • Recessed Lighting

Appliances

  • Cooktop
  • Dishwasher
  • Electric Cooktop
  • Microwave
  • Electric Oven
  • Double Oven
  • Refrigerator
  • Stainless Steel Appliance(s)
  • Electric Water Heater

Flooring

  • Tile
  • Wood
Heating
Central,Electric
Cooling
Central Air,Electric
Fireplaces
2
Exterior & Lot

Features

  • Balcony
  • Uncovered Courtyard
  • Private Entrance

Construction

  • Frame
  • Glass
  • Stone

Lot Features

  • Level
  • Native Plants
  • Private
  • Trees-Heavy
  • Views

Fencing

  • Masonry
  • Partial

Foundation

  • Slab

Patio / Porch

  • Covered
  • Porch
Roof
Flat Tile
Lot Size
110.00 Acres

Parking

  • Common
  • Garage
  • Gravel
  • Off Street
  • Open
Garage Spaces
4
Financial
Original List Price
$15,000,000
Price per Sq Ft
$571
Utilities
  • Above Ground
  • Electricity Connected
  • Sewer Connected
Water Source
Well
Sewer
Septic Tank

Transaction History

1 record on file

Every recorded listing, sale, and lease at 7400 Park Road 4, whoever represented it.

  1. ActiveListed 2025
    Current price: $8,000,000Original list: $15,000,000MLS 3972756
    1. Price changed · May 3, 2026$9,000,000
    2. Price changed · May 4, 2026$14,000,000
    3. Price changed · May 6, 2026$9,000,000
    4. Price changed · September 17, 2026$8,000,000

Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.

Price & Listing History

Price Change with current price, original ask, and market time.

View Timeline
Current list
$8,000,000
Original list
$15,000,000
Price movement
$7M reduction
Listed / DOM
May 15, 2025 · 518 days

Virtual Tour

Virtual tour of 7400 Park Road 4
Map showing 7400 Park Road 4
7400 Park Road 4
Directions

Zoned Schools

BurnetCONSISD

1 High School1 Middle School1 Elementary School

Burnet

High SchoolGrades 9-12Zoned assignment

Burnet

Middle SchoolGrades 6-8Zoned assignment

RJ Richey

ElementaryGrades K-5Zoned assignment

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.

Principal & interest
$44,312

Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.

20% ($1.6M)

Adjustable assumption - not a lending recommendation.

$8,000,000

Loan: $6.4M
Mortgage rate%
Payoff: ~2056
Rate source: Freddie Mac 30-year fixed average (PMMS via FRED), as of 2026-10-15
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Luxury property intelligence

Keenan Market Position

A sourced read on Burnet pricing, timing, and property scale. No automated valuation claim.

List price

$8,000,000

Price per sqft

$571/sqft

Vs. Neighborhood guide reference price

Not available

Days on market

518 days

Original to current

$7M reduction

$15M original

Active inventory context

Ask for current inventory

Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 15, 2026.

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Frequently Asked Questions

How much is 7400 Park Road 4?

7400 Park Road 4 is listed at $8,000,000 with 7 bedrooms, 4 full, 4 half bathrooms, 14,000 square feet, 110.00-acre lot. This places it above the ZIP 78611 single-family closed-sale median price of $340,000 (ZIP 78611 geography · single-family closed sales · median sale price · trailing 12 months as of Oct 15, 2026).

What school district is 7400 Park Road 4 in?

7400 Park Road 4 is zoned for BurnetCONSISD with assigned schools: RJ Richey (elementary), Burnet (Burnet ISD) (middle), Burnet (high). School assignments should be verified directly with the district.

What are the property details for 7400 Park Road 4?

7400 Park Road 4 is a Residential built in 1998 featuring 7 bedrooms, 4 full, 4 half bathrooms, 14,000 square feet, 110.00-acre lot.

What are the property taxes for 7400 Park Road 4?

The most recent annual property tax for 7400 Park Road 4 is $38,938. 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.

How should a buyer estimate the monthly payment for 7400 Park Road 4?

This page does not assume a mortgage rate or publish a monthly payment for 7400 Park Road 4. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.

How does 7400 Park Road 4 compare with other homes in Burnet?

As of Oct 15, 2026, 7400 Park Road 4 is offered at $8,000,000. The current MLS snapshot shows 164 active listings in 78611. Keenan Group has completed 1 verified transactions in 78611 within its 1,000+ completed transactions and $1B+ career volume across Austin.

Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.

Why Choose the #1 Austin Board Team for Burnet

#1 ABoR Team 20241,000+ Career SalesCompass Luxury Collection Specialist

#1 Austin Board of Realtors Team. 1,000+ homes sold and $1B+ in career sales over 25+ years in Austin.

25+ years advising buyers and sellers in this community

Unlock MLSMLS GRID

Listing courtesy of Unlock MLS as distributed by MLS GRID. Information deemed reliable but not guaranteed. Neither the listing broker nor Compass RE Texas, LLC shall be responsible for any typographical errors, misinformation, or misprints.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS, as amended from time to time.

Based on information submitted to MLS GRID as of 10/15/2026, 1:07:10 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Last updated: 10/15/2026, 1:07:10 PM

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