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$599,500

223 The Hills DR 3, Austin, TX, 78738

On MarketInfo
Beds2 Beds
Baths2 Bath
Baths2,086 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$287.39 / sqft
Year BuiltBuilt in 2000

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling

Exterior

Lot Size8,237 sqft

Building Information

Year Built2000
Stories1
Roof Type104
Garage Spaces2

Land Information

APN01357802220023
Lot Number8
SubdivisionLakeside And The Greens Condominiums
Land UseCondo
Legal DescriptionUNT 3 (THE GREENS) LAKESIDE AND THE GREENS CONDOMINIUMS PLUS 2.9411% INTEREST IN COMMON AREA
Census Tract036900
Assessed Land Value$164,759
Assessed Improvement Value$502,640
Assessment Year2025

About this property

Discover refined lock-and-leave living in the prestigious gated community of The Hills of Lakeway. Ideally situated on a quiet cul-de-sac, this single-level residence offers sweeping views of the 15th green on the renowned Jack Nicklaus Signature Golf Course, creating a serene, resort-style setting.Thoughtfully designed for both comfort and functionality, the home features a dedicated study overlooking mature oaks and the fairway, a light-filled living area, and an elegant formal dining room accented by a tray ceiling. The granite island kitchen opens seamlessly to the main living space, making it perfect for both everyday living and effortless entertaining. The well-appointed floor plan includes a private primary suite, a guest bedroom, and an additional study,all on one level. Tile flooring extends throughout the main living areas, enhancing both style and ease of maintenance. Step outside to a peaceful backyard shaded by towering trees, an inviting retreat for relaxation or gatherings. Designed with low-maintenance living in mind, the $275/month HOA in The Greens includes yard maintenance, making this an ideal lock-and-leave opportunity. Residents enjoy 24-hour manned security and exclusive access to world-class amenities just moments away. A short walk or golf cart ride leads to The Hills Country Club, featuring four championship golf courses, the World of Tennis complex with indoor and outdoor tennis and pickleball courts, multiple pools, fitness centers, and four dining venues. The vibrant Scoreboard venue adds to the community’s dynamic social scene. With convenient access through both the main and back gates to Serene Hills and Highway 71, this home offers an exceptional blend of privacy, luxury, and accessibility in one of Lakeway’s most sought-after communities.

Investor Tools

Property Icon
$585,000
Estimated Property Value
$0Estimated Mortgage Balance
$585,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,597 /month
Positive
Cash Flow Estimate:
$1,199 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$629/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,622
$566,035
2025
$164,759
$502,640
$667,399
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,622
$566,035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$585,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,030/mo
N/A
+$2,030/mo
4.2%

Learn About the Market: Opportunity in Austin

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Austin

Austin may be the Live Music Capital of the World, but it’s also one of America’s fastest-growing innovation hubs. Fueled by tech expansion, the University of Texas, state government, and a steady influx of new residents, Austin blends startup energy with Hill Country charm.

From downtown high-rises overlooking Lady Bird Lake to booming suburbs like Round Rock and Leander, the region attracts younger professionals, entrepreneurs, and remote workers seeking opportunity with lifestyle. Austin isn’t just growing — it’s redefining what modern Texas looks like.

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Population Growth

Population Growth

~0.4%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$555,300

Unemployment Rate

Unemployment Rate

3.20%

Price Trend

Price Trend

~0.4% YoY growth

New Permits

New Permits

2,269 units

City: Austin

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