
A rare single-story retreat tucked beneath heritage oaks in the heart of West Lake Hills — thoughtfully updated and ready for its next chapter. Set on a private .55-acre lot at the end of a circular drive, this 5-bedroom, 3-bath home offers 2,725 square feet of easy one-level living. Beamed, cathedral and vaulted ceilings give the main rooms real scale, anchored by a wood-burning fireplace, while reclaimed tobacco pine floors bring warmth and patina you simply cannot replicate. The kitchen is finished with quartz counters, a breakfast bar, built-in double ovens and generous storage, opening to a dining room sized for real gatherings. A second living area with a marble-topped bar makes entertaining effortless. The primary suite is a true retreat, set apart from the secondary bedrooms with high ceilings, a walk-in closet, and sliders leading to a deck just off the bedroom with oak canopy view. The en suite bath is finished with a dual vanity and a separate walk-in shower. Recent improvements mean the work is already done: fresh interior paint throughout, new carpet in three bedrooms (2026), a new garage roof (2026), house roof (2016), replacement windows and doors at the front (2020) and rear (2024), updated light fixtures throughout, and both HVAC systems have been replaced in recent years. Outside, mature heavy trees deliver genuine seclusion and layered Hill Country and treetop views, with a screened porch, multiple patios and composite decks made for shaded Texas evenings. A detached two-car garage with built-in cabinetry, workshop space and epoxy flooring adds rare functionality, plus ample parking on the circular drive. All of it inside the City of West Lake Hills and zoned to acclaimed Eanes ISD — feeding Eanes Elementary, Hill Country Middle and Westlake High — with downtown Austin, Lake Austin and Westlake shopping and dining just minutes away.
Property Type
Residential
Year Built
1980
Lot Size
0.55 acres
$/Sq Ft
$679
Garage
2 spaces
Listed by KW-Austin Portfolio Real Estate
Verified property facts
816 Terrace Mountain DR is listed at $1,850,000 with 5 bedrooms, 3 full bathrooms, 2,725 square feet, 0.55-acre lot.
816 Terrace Mountain DR is zoned for Eanes ISD with assigned schools: Eanes (elementary), Hill Country (middle), Westlake (high). School assignments should be verified directly with the district.
816 Terrace Mountain DR is in Westlake Hills, Austin, Texas. See the full [Westlake Hills neighborhood guide](/neighborhoods/westlake-hills-austin) for market data, schools, and lifestyle details.
816 Terrace Mountain DR is a Residential built in 1980 featuring 5 bedrooms, 3 full bathrooms, 2,725 square feet, 0.55-acre lot.
816 Terrace Mountain DR 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
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Waterfront
1 record on file
Every recorded sale and lease at 816 Terrace Mountain DR, 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 |
|---|---|---|---|---|
2025-29.0% | — | $1,168,796 | — | — |
2024+11.7% | — | $1,646,442 | $880,000 | $370,373 |
2023+45.1% | — | $1,474,626 | $880,000 | $766,442 |
2022 | — | $1,016,603 | $880,000 | $594,626 |
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% ($370K)
$1,850,000
Luxury property intelligence
A sourced read on Westlake Hills pricing, timing, and property scale. No automated valuation claim.
List price
$1,850,000
Price per sqft
$679/sqft
Vs. Westlake Hills median
-21.3%
$2.4M median
Days on market
2 days
Original to current
No verified reduction
$1.9M original
Active inventory context
17 listings
Price Position in Westlake Hills
Listed 21% below the Westlake Hills median
Source: MLS Grid / Unlock MLS and Keenan Group review as of Aug 15, 2026.
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Pricing, prep, launch timing, and Compass marketing strategy
#1 ABOR Team 2024 with $1B+ career sales volume
816 Terrace Mountain DR is priced at $679 per square foot across 2,725 sqft. The Westlake Hills median list price is $2,351,000.
The most recent annual property tax for 816 Terrace Mountain DR is $19,143. 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.
With 20% down ($370,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 816 Terrace Mountain DR is around $11,195 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $1,850,000, 816 Terrace Mountain DR is in the Westlake Hills market where there are currently 94 active listings in 78746. The Keenan Group has completed 19 transactions in 78746 as part of 1,000+ career sales totaling $1B+ across Austin. For a detailed market analysis, see our [Westlake Hills guide](/neighborhoods/westlake-hills-austin).
816 Terrace Mountain DR was built in 1980 (46 years ago). Buyers should budget for potential updates to major systems.
816 Terrace Mountain DR includes verified waterfront access: None. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Westlake Hills is one of Austin's established neighborhoods, zoned for Eanes ISD in the 78746 area. The Keenan Group has specialized in Westlake 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)
7 events on record
Current Price
$1,850,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-29.0% | — | $1,168,796 | — | — |
2024+11.7% | — | $1,646,442 | $880,000 | $370,373 |
2023+45.1% | — | $1,474,626 | $880,000 | $766,442 |
2022 | — | $1,016,603 | $880,000 | $594,626 |
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
Westlake Hills is an incorporated city in Austin's 78746 ZIP code, five minutes west of downtown via Bee Caves Road. Eanes ISD - ranked #1 in Texas by Niche 2026 - draws most buyers. Median home price $2.4M, with estates from $1.2M updates to $10M+ hilltop compounds. Roughly 1,000 total homes sit on wooded lots averaging half an acre to two acres, spread across the hills south of the Colorado River. Lost Creek, Davenport Ranch, The Oaks, and Bee Caves Woods each have a different character - from 1970s ranches on established lots to new-build Hill Country Contemporary estates with 20-foot ceilings and limestone facades. The housing stock is in a generational transition. Original 1970s-80s ranch homes sell as teardowns at $1-2M for land alone, replaced by $3-8M contemporary builds. At any given time, 25-30 homes are actively listed. Inventory is tight, and a meaningful share of deals happen off-market through agent networks. What defines daily life here: morning coffee at Swedish Hill, school drop-off at Eanes Elementary or Bridge Point, a trail run at Wild Basin Preserve, and dinner at Sway or Las Palomas without crossing MoPac. This is a quiet neighborhood built around schools and outdoor access, not nightlife or walkable retail. The people who live here chose it for exactly that trade-off.
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