$1,045,000
4 bd · 4 ba · 3,814 sqft
37 Waterfall Dr, The Hills, TX 78738
37 Waterfall Dr, The Hills, TX 78738 is a 4-bedroom, 4-bathroom single family residence listed at $1,045,000 ($274/sqft). 3,814 sqft. Built in 1998. Located in Lakeway, Austin TX. Priced near the Lakeway median of $282/sqft. MLS #7463296. Listed by Keller Williams Realty.
Property Overview
Situated on a premium golf course lot in The Hills at Lakeway, 37 Waterfall Drive offers substantial square footage at exceptional value for Austin TX buyers seeking resort-style living. This 3,814-square-foot residence features four bedrooms and four baths with an open floor plan anchored by a chef's kitchen boasting custom cabinetry, professional-grade appliances, and a Sub-Zero refrigerator. The primary suite provides serene separation from guest spaces, while a Trex deck and zero-maintenance backyard overlooking the golf course transform outdoor living into a second home experience.
Positioned in the gated, established community of The Hills within Lakeway, this property delivers on the lakeside lifestyle promise with proximity to Lake Travis marina access, championship golf courses, and waterfront dining. The location captures morning sun and afternoon shade, ideal for extended entertaining across seasons. At $274 per square foot, this home presents compelling value compared to neighborhood averages, positioning it as one of The Hills' better-priced opportunities for buyers seeking move-in ready comfort without the burden of traditional yard maintenance.
Vox Real Estate Insight
Vox Residential sees this as an intelligently priced entry point into The Hills' coveted resort community, where the golf course maintenance significantly impacts both lifestyle and long-term property appeal. After 105 days on the market, this home represents strong value for discerning buyers willing to recognize the advantage of professional grounds management and established country club infrastructure.
Agent Description
Best value in The Hills - more home for less: 3,814 sqft at $274/sqft, below the Hills of Lakeway median and average price per square foot and a ZERO maintenance backyard! The golf course crews handle everything beyond your Trex deck. No mowing, no landscaping - just a seamless transition from your back door to some of the most peaceful green space in Lakeway. This is back porch living at its finest! Morning sun, shaded afternoons and cool Texas evenings that make the deck a second living room most of the year! Life at 37 Waterfall Drive is shaped as much by The Hills community as it is by the home itself. Gated, quiet and tucked into one of Lakeway's most established country club communities...this address delivers on its promise. Inside, the layout flows naturally between open, well-defined living spaces. The kitchen anchors it all with custom cabinetry, professional-grade appliances, a built-in Sub-Zero refrigerator and a premium beverage cooler. The primary suite feels separate and settled. Three additional bedrooms flex for guests, hobbies or work from home. Plus, the dedicated office opens through French doors directly onto the Trex deck with views of the 13th hole tee box. Every space is usable, not ornamental. Two AC units (2022) with a transferable 10-year warranty and a professionally finished garage with golf cart parking round out the practical details. Four championship golf courses, tennis, fitness, and the club are all minutes away by golf cart. Or stay home and enjoy the quiet. Living here means you can be as active or as still as you choose. Established without feeling dated. Social when you want it, peaceful when you don't. 37 Waterfall is the kind of home where weekends don't require plans, because the best parts are already right outside your door.
Neighborhood: Lakeway
This property is located in Lakeway, Austin, TX. The area is known for Lake Travis Living, Marina Access, Golf Courses, Waterfront Dining, Resort Lifestyle.
At $274/sqft, this listing is priced near the Lakeway median of $282/sqft.
Property Details
| Property Type | Single Family Residence |
| Year Built | 1998 |
| Bedrooms | 4 |
| Bathrooms | 4 |
| Living Area | 3,814 sqft |
| Lot Size | 8,242 sqft |
| Price / Sqft | $274 |
| Stories | Two |
| Condition | Resale |
| Subdivision | Hills Lakeway Ph 05 Amd |
| County | Travis |
| MLS Area | LS |
| Listed | Apr 16, 2026 |
| MLS # | 7463296 |
| Listed By | Keller Williams Realty |
Interior
| Flooring | Tile, Wood |
| Appliances | Built-In Oven(s), Built-In Refrigerator, Cooktop, Dishwasher, Disposal, Exhaust Fan, Gas Cooktop, Microwave, Double Oven, Stainless Steel Appliance(s) |
| Interior Features | Built-in Features, Ceiling Fan(s), Ceiling-High, Chandelier, Granite Counters, Quartz Counters, Crown Molding, Double Vanity, Eat-in Kitchen, Entrance Foyer, Interior Steps, Kitchen Island, Multiple Dining Areas, Multiple Living Areas, Open Floorplan, Pantry, Primary Bedroom on Main, Recessed Lighting, Soaking Tub, Study/Home Office, Walk-In Closet(s) |
| Windows | Blinds, Screens |
| Fireplaces | 1 (Living Room, Wood Burning) |
| Laundry | Laundry Room, Main Level |
| Main-Level Bedrooms | 1 |
Systems & Utilities
| Cooling | Ceiling Fan(s), Central Air |
| Heating | Central |
| Utilities | Electricity Connected, Natural Gas Available, Sewer Connected, Water Connected |
| Water Source | MUD |
| Sewer | MUD |
Exterior & Lot
| Construction | Brick |
| Roof | Barrel, Tile |
| Foundation | Slab |
| Exterior Features | Exterior Steps, Gutters Full |
| Patio & Porch | Deck |
| Fencing | Wrought Iron |
| Lot Features | Backs To Golf Course, Sprinkler - Automatic, Trees-Large (Over 40 Ft), Trees-Moderate |
| View | Golf Course |
| Faces | Northwest |
Parking
| Parking Spaces | 4 |
| Garage Spaces | 2 |
| Parking Features | Attached, Door-Single, Garage, Garage Door Opener, Garage Faces Side, Oversized |
Community & HOA
| HOA | Yes |
| HOA Name | Village of the Hills |
| HOA Fee | $775 / Semi-Annually |
| Fee Includes | Common Area Maintenance |
| Community Features | Common Grounds, Gated, Golf, Planned Social Activities, Playground, Sport Court(s)/Facility |
| Security | Gated with Guard, Prewired, Smoke Detector(s) |
Assigned Schools
| Elementary | Lakeway |
| Middle | Hudson Bend |
| High | Lake Travis |
| District | Lake Travis ISD |
Taxes & Legal
| Tax Year | 2025 |
| Annual Tax | $18,026 |
| Assessed Value | $927,493 |
| Parcel # | 01337806250000 |
| Legal Description | LOT 473 HILLS OF LAKEWAY PHS 5 AMENDED THE |
| FEMA Flood Plain | No |
| In ETJ | No |
| Disclosures | MUD, Seller Disclosure |
| Listing Conditions | Standard |
Listing data last updated:
Frequently Asked Questions
What is the listing price of 37 Waterfall Dr, The Hills, TX 78738?
This property is listed at $1,045,000, which is $274 per square foot. That is near the Lakeway area median of $282/sqft.
How many bedrooms and bathrooms does 37 Waterfall Dr, The Hills, TX 78738 have?
This home has 4 bedrooms and 4 bathrooms, with 3,814 square feet of living space.
When was 37 Waterfall Dr, The Hills, TX 78738 built?
This property was built in 1998, making it 28 years old.
What neighborhood is 37 Waterfall Dr, The Hills, TX 78738 in?
This property is in Lakeway, Austin, TX. The area is known for lake travis living, marina access, golf courses.
How long has 37 Waterfall Dr, The Hills, TX 78738 been on the market?
This listing has been on the market for 118 days.
What type of property is 37 Waterfall Dr, The Hills, TX 78738?
This is a Single Family Residence on a 8,241.55 sqft lot.