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.
Active
$1,460,000
47 Waterfall Dr, The Hills, TX 78738
5beds
4,547sqft
Single Family Residence
Built in 1993
7,318 Square Feet Lot
$-- Zestimate®
$321/sqft
$108/mo HOA
What's special
Outdoor kitchenFive bedroomsLarge picturesque windowsBrand-new dog runSoaring ceilingsVersatile flex roomStunning infinity-edge pool
- 8 days
- 709
- 28
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Jessica McRoberts (512) 608-6867,
Keller Williams - Lake Travis (512) 263-9090,
Angy Beck (512) 626-1866,
Keller Williams - Lake Travis
Source: Unlock MLS,MLS#: 4051914
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
- Main level bedrooms: 2
Primary bedroom
- Level: Main
Kitchen
- Level: Main
Media room
- Level: Second
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Built-In Oven(s), Dishwasher, Microwave, Refrigerator
Features
- Bookcases, Breakfast Bar, Ceiling Fan(s), Beamed Ceilings, Double Vanity, Electric Dryer Hookup, Eat-in Kitchen, Entrance Foyer, Kitchen Island, Multiple Living Areas, Pantry, Primary Bedroom on Main, Recessed Lighting, Study/Home Office, Walk-In Closet(s), Washer Hookup
- Flooring: Carpet, Tile, Wood
- Windows: None
- Number of fireplaces: 1
- Fireplace features: Family Room
Interior area
- Total interior livable area: 4,547 sqft
Property
Parking
- Total spaces: 2
- Parking features: Attached
- Attached garage spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck, Front Porch, Porch
- Exterior features: None
- Has private pool: Yes
- Pool features: In Ground
- Spa features: None
- Fencing: Partial
- Has view: Yes
- View description: Golf Course, Pool
- Waterfront features: None
Lot
- Size: 7,318 Square Feet
- Dimensions: 60.00 x 122.00
- Features: Backs To Golf Course, Trees-Medium (20 Ft - 40 Ft)
Details
- Additional structures: None
- Parcel number: 01337806200000
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Foundation: Slab
- Roof: Tile
Condition
- Resale
- New construction: No
- Year built: 1993
Utilities & green energy
- Sewer: Public Sewer
- Water: Municipal Utility District (MUD)
- Utilities for property: Electricity Available, Propane
Community & HOA
Community
- Features: None
- Subdivision: Hills Lakeway Ph 05 Amd
HOA
- Has HOA: Yes
- Services included: Common Area Maintenance, Security
- HOA fee: $650 semi-annually
- HOA name: Hills POA
Location
- Region: The Hills
Financial & listing details
- Price per square foot: $321/sqft
- Tax assessed value: $1,137,550
- Annual tax amount: $22,741
- Date on market: 8/29/2026
- Listing terms: Cash,Conventional
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/29/2026 | Listed for sale | $1,460,000+8.2%$321/sqft |
Source:  Unlock MLS #4051914 Report a problem | ||
| 4/3/2025 | Listing removed | $1,349,000$297/sqft |
Source: Unlock MLS #5022813 Report a problem | ||
| 3/14/2025 | Contingent | $1,349,000$297/sqft |
Source: Unlock MLS #5022813 Report a problem | ||
| 3/6/2025 | Listed for sale | $1,349,000-6.9%$297/sqft |
Source: Unlock MLS #5022813 Report a problem | ||
| 8/17/2024 | Listing removed | $1,449,000$319/sqft |
Source: Unlock MLS #3969330 Report a problem | ||
| 6/9/2024 | Price change | $1,449,000-3.3%$319/sqft |
Source: Unlock MLS #3969330 Report a problem | ||
| 5/21/2024 | Price change | $1,499,000-4.8%$330/sqft |
Source: Unlock MLS #3969330 Report a problem | ||
| 4/16/2024 | Price change | $1,575,000-3.1%$346/sqft |
Source: Unlock MLS #3969330 Report a problem | ||
| 2/26/2024 | Price change | $1,625,000-3%$357/sqft |
Source: Unlock MLS #3969330 Report a problem | ||
| 2/9/2024 | Listed for sale | $1,675,000+179.2%$368/sqft |
Source: Unlock MLS #3969330 Report a problem | ||
| 9/6/2012 | Sold | -- |
Source: Agent Provided Report a problem | ||
| 8/11/2012 | Pending sale | $599,900$132/sqft |
Source: MRM Partners, LTD #2866909 Report a problem | ||
| 7/28/2012 | Price change | $599,900-2.5%$132/sqft |
Source: MRM Partners, LTD #2866909 Report a problem | ||
| 7/17/2012 | Price change | $615,000-3.9%$135/sqft |
Source: MRM Partners, LTD #2866909 Report a problem | ||
| 6/23/2012 | Price change | $639,900-1.5%$141/sqft |
Source: MRM Partners, LTD #2866909 Report a problem | ||
| 5/22/2012 | Listed for sale | $649,900$143/sqft |
Source: MRM Partners, LTD #2866909 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $14,748 -0.6% | $1,120,915 +10% |
| 2024 | $14,843 +12.7% | $1,019,014 +10% |
| 2023 | $13,174 -4% | $926,376 +10% |
| 2022 | $13,718 | $842,160 +10% |
| 2021 | -- | $765,600 +10% |
| 2020 | $12,774 +0.1% | $696,000 |
| 2019 | $12,762 -3% | $696,000 -1.4% |
| 2018 | $13,153 | $705,903 -0.1% |
| 2017 | $13,153 +6.4% | $706,654 +6.1% |
| 2016 | $12,367 | $665,816 -2.4% |
| 2015 | $12,367 | $681,869 +8.9% |
| 2014 | $12,367 | $626,137 +6.6% |
| 2013 | -- | $587,500 +9% |
| 2012 | -- | $538,995 +5.6% |
| 2011 | -- | $510,607 -12.2% |
| 2010 | -- | $581,313 -14.7% |
| 2009 | -- | $681,137 +8.4% |
| 2008 | -- | $628,201 +3.2% |
| 2007 | -- | $608,441 +9.4% |
| 2006 | -- | $555,943 +10% |
| 2005 | -- | $505,403 -5.5% |
| 2002 | $12,305 | $534,595 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 78738
Nearby schools
Schools provided by the listing agent
- Elementary: Lakeway
- Middle: Hudson Bend
- High: Lake Travis
- District: Lake Travis ISD
Source: Unlock MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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