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47 WATERFALL DR
About This Property
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.
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 22, 2026 | In contract | - | |
| In contract | |||
| Aug 29, 2026 | Listed by Keller Williams - Lake Travis | $1,460,000 | |
| Listed by Keller Williams - Lake Travis | |||
| Mar 6, 2025 | Listed by Keller Williams - Lake Travis | $1,349,000 | |
| Listed by Keller Williams - Lake Travis | |||
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Prime Location on The Hills Signature Golf Course and a short walk away from both club houses. Outstanding panoramic course views of two fairways and two holes, and right across from the iconic #7 Waterfall hole which is ranked one of the top 10 most beautiful holes in Texas . This custom-built home, by Sterling Homes, has two huge covered terrace’s that overlooks the championship Jack Nicklaus designed Hills Signature Course, making this home an entertainer’s dream! This property boasts 5 bedrooms, 4 full bathrooms, two bedrooms (primary down with access to the outdoor patio) and 2 full baths on main floor, infinity pool, outdoor kitchen, large media room with wet bar, flex-room, high ceilings, large picturesque windows, and a brand new dog run. The Hills of Lakeway offers its members a combined 72 holes - including two stunning Jack Nicklaus championship courses. The home is surrounded by Texas Hill Country and close to boating paradise Lake Travis. The exemplary Lake Travis school system is located in the neighborhood and is less than 30-miles from Austin-Bergstrom International Airport, and downtown Austin.
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| Sep 4, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Aug 10, 2024 | Relisted | $1,449,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017