This property has sold on May 9, 2023. Looking for something similar? Contact us or browse available homes.
8507 Alverstone WAY
Austin, TX, 78759
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Traditional home in Great Hills East. This one level home has the perfect floor plan for anyone. There are beautiful old growth trees that greet you as you pull up to the home. The entryway opens to a welcoming sitting room leading into an elegant dining room. The family room is warm and inviting and opens into a well thought out galley style kitchen totally remodeled in 2005. There is a breakfast bar perfect for informal dining, double ovens, a gas cooktop, & microwave. The kitchen also opens to the dining room for easy serving. There are 3 secondary bedrooms that are very nice sized. The primary bedroom is large and includes an ensuite bathroom with two walk in closets. The back of the home has a peaceful tree shaded patio perfect for relaxing. The property is close to amazing shopping including the Arboretum, The Domain, Great Hills Market, and Trader Joes. There is easy access to major roads including the beautiful Capital of Texas Hwy and 183 for a short commute to almost anywhere. It feeds into highly acclaimed & sought after Hill Elementary, Murchison Middle, and Anderson High Schools. Don’t miss out on this one.
Property Type
Residential
Year Built
1975
Lot Size
0.24 acres
$/Sq Ft
$405
Garage
4 spaces
Listed by Keller Williams - Lake Travis
Verified property facts
8507 Alverstone WAY is listed at $915,000 with 4 bedrooms, 2 full bathrooms, 2,259 square feet, 0.24-acre lot. This places it above the 78759 median of $725,000.
8507 Alverstone WAY is zoned for Austin ISD with assigned schools: Hill (8/10) (elementary), Murchison (7/10) (middle), Anderson (7/10) (high). School assignments should be verified directly with the district.
8507 Alverstone WAY is in Great Hills, Austin, Texas. See the full [Great Hills neighborhood guide](/neighborhoods/great-hills-austin) for market data, schools, and lifestyle details.
8507 Alverstone WAY is a Residential built in 1975 featuring 4 bedrooms, 2 full bathrooms, 2,259 square feet, 0.24-acre lot.
8507 Alverstone WAY 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
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 |
|---|---|---|---|---|
2025-17.6% | — | $731,764 | — | — |
2024-7.8% | — | $888,448 | $500,000 | $356,450 |
2023+45.2% | — | $963,433 | $500,000 | $388,448 |
2022 | — | $663,394 | $500,000 | $463,433 |
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% ($183K)
$915,000
Luxury property intelligence
A sourced read on Great Hills pricing, timing, and property scale. No automated valuation claim.
List price
$915,000
Price per sqft
$405/sqft
Vs. Great Hills median
-12.9%
$1.1M median
Days on market
1,168 days
Original to current
No verified reduction
$915K original
Active inventory context
14 listings
Price Position in Great Hills
Listed 13% below the Great 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 Great Hills
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Pricing, prep, launch timing, and Compass marketing strategy
#1 ABOR Team 2024 with $1B+ career sales volume
8507 Alverstone WAY is priced at $405 per square foot across 2,259 sqft. The Great Hills median list price is $1,050,000.
The most recent annual property tax for 8507 Alverstone WAY is $19,027. 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 ($183,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 8507 Alverstone WAY is around $6,333 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $915,000, 8507 Alverstone WAY is in the Great Hills market where there are currently 68 active listings in 78759. The Keenan Group has completed 36 transactions in 78759 as part of 1,000+ career sales totaling $1B+ across Austin. For a detailed market analysis, see our [Great Hills guide](/neighborhoods/great-hills-austin).
8507 Alverstone WAY was built in 1975 (51 years ago). Buyers should budget for potential updates to major systems.
8507 Alverstone WAY 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.
Great Hills is one of Austin's established neighborhoods, zoned for Austin 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
$899,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-17.6% | — | $731,764 | — | — |
2024-7.8% | — | $888,448 | $500,000 | $356,450 |
2023+45.2% | — | $963,433 | $500,000 | $388,448 |
2022 | — | $663,394 | $500,000 | $463,433 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
Best Match
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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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