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7701 Penelope CIR
Austin, TX, 78759
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Nestled in Northwest Hills Ranch, this stunning 4-bedroom one owner retreat boasts a serene atmosphere and expansive grounds. Perched on nearly half an acre in a tranquil cul-de-sac, this 2-story haven is sheltered by towering trees and a lush canopy. As you approach the property, the sophisticated exterior and long walkway invite you to the front door, while the recently replaced roof and partial gutters provide assurance of the home's integrity. Inside, the newly painted interior spaces unfold and are bathed in natural light. Tile flooring flows seamlessly throughout, creating a sense of flow. The main level includes multiple living/dining areas, a half bath, and a sun-kissed kitchen that effortlessly merges with the breakfast area and living room. Here, stainless steel appliances, granite countertops, and recessed lighting converge to create a cozy kitchen space. The adjacent living room is a serene retreat, with a wood-burning fireplace, built-in bookshelves, and peaceful backyard views that never get old. Upstairs, four sizeable bedrooms await, each a tranquil space with carpet flooring and walk-in closets. The primary bedroom is complete with a recently painted en-suite bathroom, dual vanities, and a walk-in shower that seems to whisper relaxation. But the true crown jewel is the backyard – a lush, fully-fenced paradise replete with tall trees, an expansive covered patio, a shed, and a glistening swimming pool that beckons you to indulge in endless summer days. Without the constraints of an HOA, this incredible property offers the ultimate blend of freedom and luxury. Conveniently located just outside city limits, offering a more relaxed atmosphere and lower property taxes at the moment. Situated off the 183 corridor, this home offers effortless commuting options throughout the city, while its surroundings boast majestic, rolling hills, scenic hiking trails, and the prestigious Great Hills Country Club.
Property Type
Residential
Year Built
1975
Lot Size
0.48 acres
$/Sq Ft
$337
Garage
2 spaces
Pool
Yes
Listed by Allure Real Estate
Verified property facts
7701 Penelope CIR is listed at $750,000 with 4 bedrooms, 2 full, 1 half bathrooms, 2,226 square feet, 0.48-acre lot. This places it above the ZIP 78759 single-family closed-sale median price of $731,000 (ZIP 78759 geography · single-family closed sales · median sale price · trailing 12 months as of Sep 4, 2026).
7701 Penelope CIR is zoned for Round Rock ISD with assigned schools: Laurel Mountain (10/10) (elementary), Canyon Vista (9/10) (middle), Westwood (9/10) (high). School assignments should be verified directly with the district.
7701 Penelope CIR is a Residential built in 1975 featuring 4 bedrooms, 2 full, 1 half bathrooms, 2,226 square feet, 0.48-acre lot.
7701 Penelope CIR is listed by Allure Real Estate. Keenan Group at Compass presents this IDX listing and provides the accompanying market analysis using MLS Grid / Unlock MLS data reviewed as of Apr 25, 2026.
#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
2 records on file
Every recorded listing, sale, and lease at 7701 Penelope CIR, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
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 |
|---|---|---|---|---|
2025-0.5% | — | $883,847 | — | — |
2024-12.0% | — | $888,695 | $500,000 | $468,228 |
2023+72.9% | — | $1,009,548 | $500,000 | $388,695 |
2022 | — | $583,862 | $500,000 | $509,548 |
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% ($150K)
Adjustable assumption - not a lending recommendation.
$750,000
Luxury property intelligence
A sourced read on Great Hills pricing, timing, and property scale. No automated valuation claim.
List price
$750,000
Price per sqft
$337/sqft
Vs. Neighborhood guide reference price
-28.6%
$1.1M · Great Hills neighborhood guide · reference price
Days on market
Not available
Original to current
$25K reduction
$775K original
Active inventory context
14 listings
Price Position in Great Hills
Listed 29% below the Great Hills neighborhood guide reference price. Great Hills neighborhood guide · reference price.
Source: MLS Grid / Unlock MLS and Keenan Group review as of Apr 25, 2026.
Request Private Market AnalysisLifestyle, schools, market context, and homes in Great Hills
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#1 ABOR Team 2024 with $1B+ career sales volume
7701 Penelope CIR is priced at $337 per square foot across 2,226 sqft. The Great Hills neighborhood guide reference price is $1,050,000 (Great Hills neighborhood guide · reference price).
The most recent annual property tax for 7701 Penelope CIR is $10,522. 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 7701 Penelope CIR. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
As of Apr 25, 2026, 7701 Penelope CIR is offered at $750,000. The current MLS snapshot shows 58 active listings in 78759. Keenan Group has completed 37 verified transactions in 78759 within its 1,000+ completed transactions and $1B+ career volume across Austin. See Keenan Group's Great Hills guide for current neighborhood analysis.
7701 Penelope CIR was built in 1975 (51 years ago). Buyers should budget for potential updates to major systems.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Great Hills is one of Austin's established neighborhoods, zoned for Round Rock ISD in the 78759 area. The Keenan Group has specialized in Great 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)
9 events on record
Current Price
$750,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-0.5% | — | $883,847 | — | — |
2024-12.0% | — | $888,695 | $500,000 | $468,228 |
2023+72.9% | — | $1,009,548 | $500,000 | $388,695 |
2022 | — | $583,862 | $500,000 | $509,548 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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Neighborhood guide and local insights
Great Hills has a golf course that most Austin residents forget exists - the Great Hills Country Club, a private 18-hole layout threaded through mature live oaks that has been quietly anchoring this neighborhood since 1980. The club's understated presence tells you everything about Great Hills itself, a neighborhood that does not draw attention but consistently delivers one of the most convenient daily lives in northwest Austin. Great Hills sits between US 183 to the south, Loop 360 to the west, and the Balcones Canyonlands to the north, placing it in the middle of Austin's tech corridor. The Arboretum forms the commercial anchor along Research Boulevard, and The Domain is about seven minutes north on MoPac. Apple's campus on Parmer is roughly 15 minutes away. IBM's Austin facility sits even closer along Burnet Road. Downtown runs about 20 minutes south on MoPac. The Arboretum area provides H-E-B, Whole Foods, and enough services to handle most errands locally. Housing dates from the late 1970s through the early 2000s, giving it a more established feel than newer communities to the north. You will find single-story ranch homes, two-story traditional builds, and larger custom homes along golf course and greenbelt lots. Most range from 2,000 to 4,000 square feet on quarter-acre to half-acre lots. Original builds feature brick and wood exteriors, while renovated homes incorporate limestone and expanded outdoor areas. Pricing runs from the mid-$500s for dated homes up to $1.5 million for renovated golf course or greenbelt properties. The mature tree canopy is a genuine asset that newer subdivisions cannot replicate. Great Hills feeds into Round Rock ISD for most addresses, which surprises buyers who assume the 78759 zip falls within Austin ISD. Spicewood Elementary and Anderson Mill Elementary serve younger grades, with Canyon Vista Middle School handling the transition. Westwood High School has a strong reputation for math and science. The Round Rock ISD affiliation is a selling point, as the district outperforms Austin ISD on state assessments. Some southern addresses do fall within Austin ISD, so verifying by specific address matters. Daily life balances suburban comfort with easy access to dining and outdoor recreation. The Great Hills Park Trail winds through the greenbelt. St. Edwards Park on Bull Creek offers swimming holes and hiking terrain that feels wild despite surrounding development. The restaurant options nearby are among Austin's best. Truluck's does upscale seafood. Perry's Steakhouse brings its pork chop Friday tradition. Roaring Fork handles Western American cuisine. North Italia covers pasta in a polished setting. Uchiko serves some of the most inventive Japanese food in Texas. Bartlett's anchors the casual American end with steaks and a bar feel. Great Hills occupies middle ground between Cat Mountain's established wealth and newer developments in Cedar Park. It is more affordable than the 360 corridor. It offers more mature landscaping than Burnet Road infill. And it provides better tech corridor access than south Austin at comparable prices. The tradeoff is age - much of the stock is 30 to 40 years old, and buyers should budget for roof replacements, plumbing updates, and foundation work on Central Texas clay. Great Hills makes sense for tech workers at Apple, IBM, or Meta who want a short commute and an established neighborhood. It fits families who value Round Rock ISD without living in Round Rock. It works for anyone who wants upscale dining within five minutes but prefers sleeping in a quiet, tree-covered neighborhood. If you need brand-new construction or walkable urbanism, look elsewhere. But if you want central location, mature trees, good schools, and a golf course visible from your back fence, Great Hills checks those boxes.
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