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$1,460,000

47 Waterfall Dr, The Hills, TX, 78738

On MarketInfo
Just AddedInfo
Beds5 Beds
Baths4 Bath
Baths4,547 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$321.09 / sqft
Year BuiltBuilt in 1993

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesBuilt In Oven, Dishwasher, Microwave, Refrigerator
FlooringCarpet, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesNone
Lot Size7,318 sqft

Building Information

Year Built1993
Stories2
Roof Type104
Garage Spaces2

Land Information

APN0133780620
Lot Number478
SubdivisionHills Of Lakeway Phs 5 Amended The
Land Use1 Family Dwelling
Legal DescriptionLOT 478 HILLS OF LAKEWAY PHS 5 AMENDED THE
Census Tract036900
Assessed Land Value$579,348
Assessed Improvement Value$558,202
Assessment Year2025

About this property

Prime Location on The Hills Signature Golf Course, this exceptional 4,547-square-foot custom-built Sterling Home offers breathtaking panoramic views of two fairways and two holes, with the iconic #7 Waterfall Hole directly across the street—ranked among the top 10 most beautiful golf holes in Texas. Ideally situated within a short walk of both clubhouses, this extraordinary property offers an unparalleled combination of luxury, privacy and convenience. Designed for both sophisticated living and effortless entertaining, the home features two expansive covered terraces overlooking the championship Jack Nicklaus-designed Hills Signature Course. The outdoor living spaces are complemented by a stunning infinity-edge pool and outdoor kitchen, creating the perfect setting for entertaining or enjoying spectacular Hill Country sunsets. The thoughtfully designed interior includes five bedrooms, four full bathrooms, a main-level primary suite with direct access to the outdoor patio, a second bedroom and full bath on the main level, soaring ceilings, large picturesque windows, a spacious media room with wet bar, and a versatile flex room. A brand-new dog run adds to the home's thoughtful amenities. Residents of The Hills of Lakeway enjoy access to an impressive 72 holes of golf, including two Jack Nicklaus championship courses, along with the beauty of the Texas Hill Country and convenient proximity to boating on Lake Travis. Located within the exemplary Lake Travis ISD and less than 30 miles from Austin-Bergstrom International Airport and downtown Austin, this remarkable property offers an exceptional Hill Country lifestyle in one of Lakeway's most desirable neighborhood.

Investor Tools

$0Estimated Mortgage Balance
$1,376,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,760 /month
Positive
Cash Flow Estimate:
$2,920 /month

Interested in this property?

Jessica McRoberts

Keller Williams - Lake Travis

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,810/month
$650/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14,843
$1,137,550
2025
$579,348
$558,202
$1,137,550
No

Tax History

Year
Tax Paid
Assessed Value
2024
$14,843
$1,137,550

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,376,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

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.

Explore Texas Explore This Area
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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47 Waterfall Dr | Property Details | No Agent List