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$466,000

NAL Estimated Property Value

16 Tournament WAY 24, The Hills, TX, 78738

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,641 Sq Ft
price_per_sqft$304.69 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
HeatingHeating
CoolingCooling
AppliancesBuilt-In Electric Oven, Dishwasher, Disposal, Dryer, Microwave, Electric Oven, Free-Standing Refrigerator, Stainless Steel Appliance(s), Washer/Dryer, Electric Water Heater
FlooringSlate, Wood

Exterior

Exterior FeaturesBalcony
Lot Size4,513 sqft

Building Information

Year Built1982
Stories2
Roof Type104

Land Information

APN01357803130000 03
Lot Number24
SubdivisionGuest Quarters Of Academy Place Condomin
Land UseTownhomes
Legal DescriptionUNT 24 BLD E GUEST QUARTERS OF ACADEMY PLACE CONDOMINIUMS AMENDED PLUS 7.17% INTEREST IN COMMON AREA
Census Tract036900
Assessed Land Value$361
Assessed Improvement Value$322,286
Assessment Year2024

About this property

Located in Lakeway's gated community, The Hills, this is a high end 2-story condo, corner unit with spectacular views of the golf course from every room. Elegant remodel with high ceilings and crown molding throughout. Walking distance to the Hills Country Club and restaurant. Soaring ceilings, wood burning fireplace and stunning ceramic floors downstairs. The kitchen has a separate dining plus breakfast room. Stylish granite, stainless steel appliances, refrigerator conveys. Wood floors upstairs, with spacious master and separate shower and 2.5 closets. The 2nd bedroom is just as generous with its own full bath with sitting area and 2 closets for comfortable living. Includes two covered parking spaces. Community amenities include Academy of Golf practice facilities, World of Tennis, Country Club with restaurant, Gym privileges, full time security and community pools. Dog friendly with parks and walking trails with incredible scenery. Feeds into award winning Lake Travis schools.

Investor Tools

Property Icon
$466,000
Estimated Property Value
$372,490Estimated Mortgage Balance
$93,510Estimated Equity
20% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,000 /month
Positive
Cash Flow Estimate:
$1,000 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$194/month
$1,436/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$322,647
2024
$361
$322,286
$322,647
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$322,647

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Stifel Bank & Trust
Conventional
$380,000
No
First
Nov 5, 2024
Dec 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$372,490
$93,510
20%
80%
$2,127/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,030/mo
$3,563/mo
$-1,533/mo
5.2%

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: The Hills

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16 Tournament WAY 24 | Property Details | No Agent List