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$884,999 Just Listed
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Property Description
Discover the charm and comfort of this custom home nestled in the desirable gated Hills of Lakeway! Situated on almost a third of an acre with full of mature trees, this 4-bedroom home offers lots of privacy along with generous living spaces and timeless appeal. Upon entering the home, you will find a designer stair rail and high ceilings for a dramatic entrance, as well as soaring ceilings in the great room that create an impressive sense of openness. And the large abundant windows invite natural light throughout the home. The thoughtfully designed floorplan features inviting living and dining areas, plus a versatile bonus room upstairs perfect for a game room, media room, office space, or simply additional living space. Retreat to the spacious primary suite, complete with a large walk-in closet and an expansive bathroom featuring 2 separate vanities and a soaking tub. Additionally, each of the additional 3 bedrooms has a full bathroom within or adjacent to the room. Outside, enjoy the privacy of your own backyard offering room to relax and/or entertain on the large stone patio. With its custom-home character, desirable corner-lot setting and sought-after Hills of Lakeway location, this property offers a wonderful opportunity to enjoy the Lakeway lifestyle. In addition to being inside a premier golf community, there is easy access to tennis, fitness, shopping, dining, and Lake. Travis ISD schools!
Full Property Details
Full Property Details for 2 Waterfall Dr
General
- Price: $884,999
- HOA FEE: $129/month
- HOA FEE FREQ.: Semi-Annually
- Taxes: $16,675 (2026)
- Status: Active
- Type: Single Family
- Source: Austin_MLS
- MLS ID: 1648884
- Updated: 10/23/2026
- Added to Site: 2 day(s) ago
Interior
- Interior Features: Breakfast Bar, Entrance Foyer, High Ceilings, Multiple Living Areas, Main Level Primary, Pantry, Study, Walk-In Closet(s)
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Family Room
- Appliances: Built-In Oven, Dishwasher, Disposal, Microwave
- Flooring: Carpet, Tile
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 4
- Bedrooms Main: 2
Other Rooms
- Laundry: Laundry Room
Additional Information
- Shared Amenities: Clubhouse, Pool, Sauna, Tennis Court(s), Trails/Paths
- Shared Pool: Yes
- Pool: Yes
- Pool Description: None, Community
- Spa Description: None
- Tennis: Yes
- Security/Safety: None
Exterior
- Exterior Features: None
- Porch/Patio/Deck: Covered, Patio, Porch
Parking
- Garage: Yes
- Garage Spaces: 2
- Covered Spaces: 2
- Total Spaces: 4
- Parking Features: Attached, Garage, Garage Door Opener
Location
- Area: LS
- County: Travis
- Subdivision: HILLS OF LAKEWAY PHS 4 THE
- Driving Directions: LOHMANS GATE/LEFT ON HILLS DRIVE/ RIGHT ON WATERFALL
- Direction Faces: Northwest
School Information
- Elem School District: Lake Travis ISD
- Midd School District: Lake Travis ISD
- High School District: Lake Travis ISD
- Elementary School: Lakeway
- Middle School: Hudson Bend
- High School: Lake Travis
Community
- Association: Yes
- Assoc. Name: The Hills POA
- Assoc. Fees Include: Common Area Maintenance
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Electric, Heat Pump
Utilities
- Sewer: Municipal Utility District
- Water: Municipal Utility District
- Utility Description: Electricity Available
Structural Information
- Detached/Attached: Detached
- Construction: Masonry
- Roof: Tile
- Windows: None
- Stories/Levels: 2
- Square Feet: 3,169
- Sq. Ft. Source: Public Records
- Living Area: 3,169 Sq. Ft.
- Year Built: 2001
- Year Built Source: Public Records
- Property Condition: Resale
Additional Structures
- Other Structures: None
Lot Features
- Property View: Hills
- Lot Size (Acres): 0.31
- Lot Size (Sq. Ft.): 13,503.6
- Lot Dimensions: 85.00 x 124.00
- Lot Features: Corner Lot
- Fencing (Description): None
Financial Considerations
- Association Fee: $775
- Assoc Fee Freq.: Semi-Annually
- Assessment Amount: $858,017
- Tax Amount: $16,675.28
- Tax Year: 2026
- Terms: Cash, Conventional, FHA, VA Loan
Disclosures and Reports
- Special Conditions: Standard
- Documents Avail.: See Remarks
- Legal Description: LOT 267A HILLS OF LAKEWAY PHS 4 THE AMENDED PLAT OF LOTS 267&268A
- Disclosures/Reports: See Remarks
- Property ID: 1317807010000
- Lot Number: 267A
Listed by Keller Williams - Lake Travis
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Schools
Schools serving 2 Waterfall Dr
School District:Lake Travis Independent School District
| Name | Grades | Distance |
|---|---|---|
Lakeway Elementary School 1701 Lohmans Crossing Road, Austin, TX 78734 | K-5 | 1 mi |
Hudson Bend Middle School 15600 Lariat Trail, Austin, TX 78734 | 6-8 | 4.6 mi |
Lake Travis High School 3324 Ranch Road 620 South, Austin, TX 78738 | 9-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2 Waterfall Dr
Date
Details
Price
Change
Source
10/23/2026
Listed
$884,999
—
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 2 Waterfall Dr
Year
Property Taxes
Change
Tax Assessment
Change
2024
$10,474
—
$813,024
10%
2024
$10,474
7%
$739,113
-28%
2022
$9,817
—
$1,031,666
-1%
2022
$9,817
2%
$1,039,904
87%
2021
$9,584
-18%
$555,306
10%
2020
$11,755
-6%
$504,824
—
2020
$12,504
4%
$504,824
—
2018
$11,998
6%
$503,782
2%
2016
$11,297
-5%
$495,665
5%
2017
$11,915
9%
$469,927
5%
2015
$10,926
11%
$449,583
6%
2013
$9,873
—
$425,740
10%
2013
$9,873
—
$387,036
—
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 2 Waterfall Dr
2 Waterfall Drive, The Hills, TX 78738 (MLS# 1648884) is a Single Family property with 4 bedrooms and 4 full bathrooms. 2 Waterfall Drive is currently listed for $884,999 and was received on October 23, 2026. Want to learn more about 2 Waterfall Drive? Do you have questions about finding other Single Family real estate for sale in The Hills? You can browse all The Hills real estate or contact a Coldwell Banker agent to request more information.

