4 bed, 4 bath, 3,603 sqft on 0.34 acres in Serene Hills. Austin, TX 78738. $975,000. Lake Travis ISD.
About This Home
LUXURY LIVING IN THE HEART OF SERENE HILLS! This stunning home with a striking metal roof is thoughtfully designed to blend elegance, comfort, and functionality. From the moment you step inside, soaring ceilings and abundant natural light create an inviting, sophisticated atmosphere. Designed for the ease of primarily single-story living, the main level features the owner’s retreat along with two additional bedrooms-each with its own full bath and offering privacy and convenience for both family and guests. A dedicated main-level office provides a quiet and refined workspace. At the heart of the home, the open-concept living, dining, and kitchen areas flow seamlessly together, ideal for both everyday living and entertaining. Expansive windows and an oversized sliding glass door fill the space with natural light and open to the outdoor living area, creating a true indoor-outdoor connection. Upstairs, a spacious game and media room offers the perfect setting for movie nights, entertaining, or relaxing. A fourth bedroom and full bath provide additional flexibility for guests or multi-generational living, making the majority of the square footage on the MAIN LEVEL. Situated on a generous lot, the home offers a private, garden-style backyard framed by a charming stone wall that insures privacy-perfect for peaceful mornings or evening gatherings. The spacious side yard presents an excellent opportunity for a future pool or play space. Located within the highly sought-after Serene Hills community, residents enjoy access to 342 acres of scenic hike-and-bike trails, along with nearby golf courses, parks, and Lake Travis marinas. Experience the ideal balance of Hill Country serenity and modern convenience in one of Lakeway’s premier neighborhoods.
The backyard at 905 Crestone Stream Drive is where this Serene Hills home truly shines. The property sits on a corner lot with a generous 0.3378-acre footprint, giving you the kind of outdoor space that makes neighbors jealous and kids never want to leave. A stone wall frames the garden-style backyard, creating natural privacy while the side yard opens up possibilities for a future pool or expanded play area.
The covered outdoor living space connects directly to the main level through an oversized sliding glass door, making it effortless to move from the open-concept kitchen and dining area straight into entertaining mode. The gas cooktop and built-in oven mean you can handle serious BBQ operations right there, and the layout naturally flows from kitchen island conversations to grilling at the edge of the patio. This is the setup where someone's mixing drinks at the island while another person's flipping burgers outside, and everyone stays connected.
That stone wall isn't just for privacy. It defines the space in a way that makes the backyard feel intentional, like someone actually planned this as a gathering zone rather than just leaving grass in the back. The corner lot position means natural light hits different angles throughout the day, and you've got sight lines that work for keeping an eye on kids playing while you're hanging with adults on the patio.
Built in 2023, the 3,603-square-foot home delivers main-level living with four bedrooms and four full baths plus a half bath. The stone veneer and stucco exterior handle the Hill Country sun, and the metal roof isn't just stylish - it performs in Austin's weather. The primary bedroom sits on the main level along with two additional guest bedrooms, each with their own full bath. Upstairs, you've got a game and media room that's perfect for movie nights or keeping teenagers occupied while adults manage the backyard scene.
Located in Lake Travis ISD, the property feeds into Serene Hills Elementary, Lake Travis Middle, and Lake Travis High School. The Serene Hills community sits in the 78738 zip code and connects you to 342 acres of hike-and-bike trails, plus proximity to Lake Travis marinas and multiple golf courses. The subdivision development is recent, so you're in a neighborhood where homes actually match in quality and the infrastructure is modern.
At $975,000, that works out to $271 per square foot on a property that just hit the market. The layout prioritizes what matters for real living: outdoor space that functions, a backyard that draws people outside, and the kind of kitchen-to-patio flow that makes entertaining feel natural rather than choreographed.
The numbers behind this insight
- Offered at
- $975,000
- Listed
- March 1, 2026
- Asking price per sq ft
- $271
Serene Hills market
- Homes sold
- 19
- Median sale price
- $1,268,000
- Median price per sq ft
- $379
- Median days on market
- 41
- Homes for sale now
- 4
- Months of supply
- 2.5
Serene Hills is a 339-home community in Bee Cave where roughly 75 percent of the land was left as preserved green space. That means the neighborhood has more acres of open terrain than residential lots. That ratio is not typical for the price point. Most Bee Cave and Lakeway communities maximize lot yield. Serene Hills went the other direction, and the result is houses that sit in the landscape rather than covering it.
The community is in Bee Cave within the 78738 zip code, along Bee Cave Parkway between Highway 71 and Hamilton Pool Road. Downtown Austin is roughly 25 minutes east via Highway 71 to MoPac. The Bee Cave commercial corridor with H-E-B and Hill Country Galleria is about five minutes away. Lakeway is approximately ten minutes west. Falconhead borders to the south and Sweetwater to the north and east.
Housing was built primarily between 2014 and 2020. Contemporary Hill Country architecture dominates at roughly 40 percent, with native stone, stucco, metal roof accents, and oversized windows that take advantage of the green space views. Modern Farmhouse designs account for about 25 percent. Mediterranean influences appear in about 15 percent. Lot sizes range from a quarter acre to over half an acre on perimeter lots backing to preserved land. Pricing runs from the high $700s to over $2 million. The active market for a four-bedroom falls between $1 million and $1.6 million.
Lake Travis ISD serves Serene Hills. Students attend Bee Cave Elementary, Lake Travis Middle, and Lake Travis High. The district is well-regarded for academics, athletics, and extracurriculars. The tax base from Bee Cave and Lakeway commercial development supports teacher compensation and facilities. The elementary campus is close enough that the morning drop-off is brief, a practical detail that matters more to daily life than rankings.
With 339 homes, residents know neighbors by name. That is not a figure of speech. Community events, the pool, and trails create enough recurring contact for relationships to form naturally. Internal trails connect to Bee Cave Park Loop for longer outings. For dining, Tadashi serves Japanese cuisine with quality ingredients. Cafe Blue offers polished seafood. SP Brazilian handles special occasions. CARVE American Grille brings straightforward steaks and cocktails. The Grove Wine Bar works for quieter weeknights. Restaurant density in Bee Cave has reached the point where residents eat out several nights without repeating.
Compared to Rough Hollow, which is four times the size with a marina, Serene Hills offers a quieter experience with more breathing room and tighter social fabric. Compared to Sweetwater nearby, Serene Hills is smaller with more preserved natural terrain. Sweetwater offers more resort-style pools and a wider price range. Compared to Falconhead with its golf course, Serene Hills replaces golf with green space. No golf course, no marina, no lazy river. What it has is land that was left alone.
Serene Hills is for buyers who have looked at the large master-planned communities and decided they want something quieter. If 339 homes is the right scale, if you would rather look at open Hill Country than a roofline, and if Lake Travis ISD and a 25-minute commute check the practical boxes, this delivers. It works for families with young children who want kids growing up together, and couples wanting Bee Cave without the density. The green space is the product. Everything else is built around preserving it.
School District: Lake Travis ISD
View Serene Hills neighborhood guide- Property Type
- Residential
- Year Built
- 2023
- Lot Size
- 0.34 acres
- Price / Sq Ft
- $271
- HOA
- $255/quarter
- Garage
- 2 spaces
Listing information last updated September 14, 2026.
Listed by Moreland Properties
MLS# 4895807 • Active Under Contract
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Ceiling Fan(s)
- Ceiling-High
- Kitchen Island
- Open Floorplan
- Primary Bedroom on Main
- Built-In Oven(s)
- Cooktop
- Dishwasher
- Disposal
- Gas Cooktop
- Carpet
- Tile
- Wood
- Heating
- Central
- Cooling
- Central Air
- Fireplaces
- 1
Exterior & Lot
- Exterior Steps
- Stone Veneer
- Stucco
- Corner Lot
- Partial
- Slab
- Covered
- Roof
- Composition
- Lot Size
- 0.34 Acres
- Garage
- Garage Faces Side
- Garage Spaces
- 2
Financial
- HOA Fee
- $255 / quarter
- Original List Price
- $975,000
- Price per Sq Ft
- $271
Utilities
- Cable Connected
- Electricity Available
- Water Source
- MUD
- Sewer
- MUD
Transaction History
6 records on file
Every recorded listing, sale, and lease at 905 CRESTONE STREAM DR, whoever represented it.
- Active Under ContractListed 2026Current price: $975,000Original list: $975,000MLS 4895807
- Listed · March 1, 2026$975,000
- LeasedAugust 1, 2025Asking rent: $4,750/moMLS 8711487
- WithdrawnListed 2025Current price: $1,150,000Original list: $1,150,000MLS 8857662
- LeasedOctober 1, 2023Asking rent: $4,500/moMLS 1573199
- WithdrawnListed 2023Current price: $1,199,900Original list: $1,299,900MLS 9605876
- WithdrawnListed 2022Current price: $1,149,900Original list: $1,395,000MLS 3252153
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
Active Under Contract with current price, original ask, and market time.
- Current list
- $975,000
- Original list
- $975,000
- Price movement
- No verified reduction
- Listed / DOM
- Mar 1, 2026 · 194 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $1,150,000
- Assessment Year
- 2025
- Year Built
- 2022
- Parcel ID
- 000000818746
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025+22.1% | — | $1,150,000 | $205,304 | — |
2024+1077.2% | — | $941,733 | $200,000 | $983,461 |
2021 | — | $80,000 | $80,000 | — |
Zoned Schools & District Context
Lake Travis
Bee Cave Middle School
Serene Hills
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 and home insurance. Each requires verified amount, cadence or unit, source, and as-of details.
HOA source: MLS Grid / Unlock MLS, as of 2026-10-16T01:07:20.628+00:00; normalized from quarterly dues.
20% ($195K)
Adjustable assumption - not a lending recommendation.
$975,000
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Keenan Market Position
A sourced read on Serene Hills pricing, timing, and property scale. No automated valuation claim.
List price
$975,000
Price per sqft
$271/sqft
Vs. Neighborhood guide reference price
-23.1%
$1.3M · Serene Hills neighborhood guide · reference price
Days on market
194 days
Original to current
No verified reduction
$975K original
Active inventory context
4 listings
Price Position in Serene Hills
Listed 23% below the Serene Hills neighborhood guide reference price. Serene Hills neighborhood guide · reference price.
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 16, 2026.
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