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$400,000
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Property Description
Rare and exceptional opportunity to rebuild your dream home with endless gorgeous views of the Hill Country including Mount Bonnell, Cat Mountain, Ladera Norte and along the Capitol of Texas Hwy 360. Originally a 2-story, 2,367 sqft with 4 bedrooms and 2.5 baths, this home is perched on one of Lakewood's most desirable streets. Low maintenance living with a backyard that opens to the greenbelt and neighborhood landmark and dried Lakewood Lake. Main floor sustained significant damage from a fire that has been mitigated while the downstairs has been cleaned and prep'd for construction as well. Incredible location right off Capitol of Texas Hwy. 360 with easy access to 183 and Mopac. Less than 20 minutes to downtown, 10 minutes to the Domain and 5 minutes to the Arboretum. Located in the AISD school district and feeds into award winning and coveted Hill Elementary, Murchison Middle and Anderson High School (baccalaureate program). Engineering reports stating the home is structurally sound are attached as is the fire department report. Architectural drawings expanding the interior and exterior living space and designed with 8 ft windows and 10 ft ceilings throughout the home and 3D renderings have been completed and can be added in addition to the sale if interested. A contractor has reviewed the property and plans and is available to proceed with construction if interested. Additional photos are available upon request. Serious inquiries only please. DUE TO THE CONDITION OF THE PROPERTY, THERE IS NO ACCESS TO THE PROPERTY WITHOUT WRITTEN PERMISSION AND THE SIGNED WAIVER.
Full Property Details
Full Property Details for 6415 Wallace Cove
General
- Price: $400,000
- HOA FEE: $56/month
- HOA FEE FREQ.: Annually
- Taxes: $12,642 (2025)
- Status: Active
- Type: Single Family
- Source: Austin_MLS
- MLS ID: 3074814
- Updated: 2/18/2026
- Added to Site: 28 day(s) ago
Interior
- Interior Features: None
- Fireplace: Yes
- Number of Fireplaces: 1
- Flooring: See Remarks
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 4
- Bedrooms Main: 1
Additional Information
- Shared Amenities: Barbecue, Common Grounds/Area, Clubhouse, Dog Park, Playground, Park, Pool, Sport Court(s), Sidewalks, Tennis Court(s), Trails/Paths
- Shared Pool: Yes
- Pool: Yes
- Pool Description: None, Community
- Tennis: Yes
- Security/Safety: None
Exterior
- Exterior Features: See Remarks
Parking
- Garage: Yes
- Garage Spaces: 2
- Covered Spaces: 2
- Total Spaces: 2
- Parking Features: Garage
Location
- Area: 1N
- County: Travis
- Subdivision: Lakewood Sec 03
- Driving Directions: From 360 Right on Lakewood, Left on Wallace, Right on Wallace Cv.
- Direction Faces: North
School Information
- Elem School District: Austin ISD
- Midd School District: Austin ISD
- High School District: Austin ISD
- Elementary School: Hill
- Middle School: Murchison
- High School: Anderson
Community
- Association: Yes
- Assoc. Name: Lakewood Homeowners Association, Inc.
- Assoc. Fees Include: Common Area Maintenance
Heating & Cooling
- Cooling Type: None
- Heating Type: None
Utilities
- Sewer: Public Sewer
- Water: Public
- Cable Available: Yes
- Utility Description: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Structural Information
- Detached/Attached: Detached
- Construction: Masonry
- Roof: Spanish Tile
- Windows: None
- Stories/Levels: 2
- Square Feet: 2,392
- Sq. Ft. Source: Public Records
- Living Area: 2,392 Sq. Ft.
- Year Built: 1985
- Year Built Source: Public Records
- Property Condition: See Remarks
Additional Structures
- Other Structures: None
Lot Features
- Property View: Park/Greenbelt, Panoramic
- Lot Size (Acres): 0.0781
- Lot Size (Sq. Ft.): 3,402.04
- Sidewalks: Yes
- Lot Features: None
- Fencing (Description): None
Financial Considerations
- Association Fee: $673
- Assoc Fee Freq.: Annually
- Assessment Amount: $617,766
- Tax Amount: $12,642.49
- Tax Year: 2025
- Terms: Cash, See Remarks
Disclosures and Reports
- Special Conditions: Standard
- Documents Avail.: Aerial, Building Plans, Engineering Report, Survey
- Legal Description: LOT 27 LAKEWOOD SEC III PLUS .271% INT IN COMMON AREA
- Disclosures/Reports: Other
- Property ID: 1451108570000
- Lot Number: 27
Listed by Bramlett Partners
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Schools
Schools serving 6415 Wallace Cove
School District:Austin Independent School District
| Name | Grades | Distance |
|---|---|---|
Hill Elementary School, Austin, TX 8601 Tallwood Drive, Austin, TX 78759 | PK-5 | 2.5 mi |
Murchison Middle School 3700 North Hills Drive, Austin, TX 78731 | 6-8 | 2.3 mi |
Anderson High School 8403 Mesa Drive, Austin, TX 78759 | 9-12 | 2.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 6415 Wallace Cove
Date
Details
Price
Change
Source
1/23/2026
Listed
$400,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 6415 Wallace Cove
Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,978
—
$617,766
-6%
2024
$3,978
-34%
$653,957
-5%
2022
$6,017
—
$689,119
-11%
2022
$6,017
-1%
$774,697
42%
2021
$6,103
-45%
$544,046
10%
2020
$11,013
4%
$494,587
—
2020
$10,608
2%
$494,587
4%
2018
$10,427
19%
$474,685
10%
2016
$8,767
-9%
$432,406
10%
2017
$9,643
18%
$393,096
10%
2015
$8,205
3%
$357,360
10%
2013
$7,964
—
$324,873
—
2014
$8,002
—
$323,320
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 6415 Wallace Cove
6415 Wallace Cove, Austin, TX 78750 (MLS# 3074814) is a Single Family property with 4 bedrooms, 2 full bathrooms and 1 partial bathroom. 6415 Wallace Cove is currently listed for $400,000 and was received on January 23, 2026. Want to learn more about 6415 Wallace Cove? Do you have questions about finding other Single Family real estate for sale in Austin? You can browse all Austin real estate or contact a Coldwell Banker agent to request more information.

