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This property has sold on July 8, 2025. Looking for something similar? Contact us or browse available homes.

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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
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 78759 median of $740,000.
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 in Northwest Hills, Austin, Texas. See the full [Northwest Hills neighborhood guide](/neighborhoods/northwest-hills-austin) for market data, schools, and lifestyle details.
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 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
Listing timeline with current price, original ask, and market time.

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)
$750,000
Luxury property intelligence
A sourced read on Northwest Hills pricing, timing, and property scale. No automated valuation claim.
List price
$750,000
Price per sqft
$337/sqft
Vs. Northwest Hills median
-36.7%
$1.2M median
Days on market
453 days
Original to current
$25K reduction
$775K original
Active inventory context
20 listings
Price Position in Northwest Hills
Listed 37% below the Northwest Hills median
Source: MLS Grid / Unlock MLS and Keenan Group review as of Apr 25, 2026.
Request Private Market AnalysisLifestyle, schools, market context, and homes in Northwest Hills
Active listings and buyer search context in Northwest Hills
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Pricing, prep, launch timing, and Compass marketing strategy
#1 ABOR Team 2024 with $1B+ career sales volume
7701 Penelope Cir is priced at $337 per square foot across 2,226 sqft. The Northwest Hills median list price is $1,185,050.
With 20% down ($150,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 7701 Penelope Cir is around $5,267 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $750,000, 7701 Penelope Cir is in the Northwest Hills market where there are currently 60 active listings in 78759. The Keenan Group has completed 35 transactions in 78759 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).
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.
Northwest Hills is one of Austin's established neighborhoods, zoned for Round Rock ISD in the 78759 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)
2 events on record
Current Price
$775,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
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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