4 bed, 3 bath, 3,756 sqft on 0.28 acres in Northwest Hills. Austin, TX 78731. $1,449,500. Austin ISD.
About This Home
Welcome to 7505 Stepdown Cove, a spacious Northwest Hills home tucked on a quiet cul-de-sac. The distinctive reverse floor plan places the main living and entertaining spaces upstairs, creating an elevated setting filled with natural light, while offering separation and flexibility throughout the home. Featuring four bedrooms, three full bathrooms, multiple living areas, stainless steel appliances and double ovens, the layout provides plenty of room to gather, work or unwind. Two sunrooms offer additional versatile space beyond the home’s stated square footage and could serve as an office, playroom, fitness area or relaxing retreat. Situated on a 0.28-acre lot, the home also features a roof replaced in 2023 and feeds to Doss Elementary.
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.
School District: Austin ISD
View Northwest Hills neighborhood guide- Property Type
- Residential
- Year Built
- 1982
- Lot Size
- 0.28 acres
- Price / Sq Ft
- $386
- Garage
- 2 spaces
Listing information last updated October 8, 2026.
Listed by Compass RE Texas, LLC
MLS# 2304124 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Bookcases
- Built-in Features
- Ceiling Fan(s)
- Ceiling-High
- Granite Counters
- Crown Molding
- Double Vanity
- Eat-in Kitchen
- Entrance Foyer
- Interior Steps
- Kitchen Island
- Multiple Dining Areas
- Multiple Living Areas
- Pantry
- Primary Bedroom on Main
- Smart Thermostat
- Storage
- Two Primary Closets
- Walk-In Closet(s)
- Built-In Electric Oven
- Built-In Oven(s)
- Disposal
- Electric Cooktop
- Microwave
- Double Oven
- Stainless Steel Appliance(s)
- Water Heater
- Carpet
- Tile
- Wood
- Heating
- Natural Gas
- Cooling
- Ceiling Fan(s),Central Air
- Fireplaces
- 1
Exterior & Lot
- Gutters Full
- Hardi
- Plank Type
- Stone
- Cul-De-Sac
- Sprinkler - Automatic
- Sprinkler - Partial
- Many Trees
- Back Yard
- Partial
- Slab
- Front Porch
- Rear Porch
- Roof
- Shingle
- Lot Size
- 0.28 Acres
- Circular Driveway
- Detached
- Garage Faces Front
- Garage Spaces
- 2
Financial
- Original List Price
- $1,499,500
- Price per Sq Ft
- $386
Utilities
- Electricity Connected
- Natural Gas Connected
- Sewer Connected
- Water Connected
- Water Source
- Public
- Sewer
- Public Sewer
Transaction History
1 record on file
Every recorded listing, sale, and lease at 7505 Stepdown CV, whoever represented it.
- ActiveListed 2026Current price: $1,449,500Original list: $1,499,500MLS 2304124
- Listed · September 3, 2026$1,499,500
- Price changed · September 24, 2026$1,449,500
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
Price Change with current price, original ask, and market time.
- Current list
- $1,449,500
- Original list
- $1,499,500
- Price movement
- $50K reduction
- Listed / DOM
- Sep 3, 2026 · 44 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $1,280,197
- Assessment Year
- 2025
- Year Built
- 1982
- Parcel ID
- 000000142882
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-1.0% | — | $1,280,197 | — | — |
2024-11.1% | — | $1,292,956 | $600,000 | $484,879 |
2023+48.0% | — | $1,454,137 | $600,000 | $692,956 |
2022+41.1% | — | $982,800 | $600,000 | $854,137 |
2021 | — | $696,300 | $400,000 | $582,800 |
Zoned Schools
Anderson
Murchison
Doss
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.
Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
20% ($290K)
Adjustable assumption - not a lending recommendation.
$1,449,500
Luxury property intelligence
Keenan Market Position
A sourced read on Northwest Hills pricing, timing, and property scale. No automated valuation claim.
List price
$1,449,500
Price per sqft
$386/sqft
Vs. Neighborhood guide reference price
+23.9%
$1.2M · Northwest Hills neighborhood guide · reference price
Days on market
44 days
Original to current
$50K reduction
$1.5M original
Active inventory context
24 listings
Price Position in Northwest Hills
Listed 24% 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 15, 2026.
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Northwest Hills Neighborhood Guide
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Northwest Hills Homes for Sale
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