2 WATERFALL DR, The Hills TX 78738
The Hills, TX 78738 · HILLS OF LAKEWAY PHS 4 THE
Single Family Residence for sale in HILLS OF LAKEWAY PHS 4 THE
Overview
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!
Financial Info
- Price
- $884,999
- $ / Sqft
- $279
- HOA
- Yes - Mandatory / $775 / Semi-Annually
- HOA Name
- The Hills POA
- HOA Includes
- Common Area Maintenance
- Tax Rate
- 1.9435%
- Est. Taxes
- $725
- Tax Year
- 2026
- Exemptions
- None
Legal Info
- Address
- 2 WATERFALL DR
- County
- Travis
- City
- The Hills
- State
- TX
- Zip
- 78738
- Subdivision
- HILLS OF LAKEWAY PHS 4 THE
- Legal Description
- LOT 267A HILLS OF LAKEWAY PHS 4 THE AMENDED PLAT OF LOTS 267&268A
- Parcel
- 01317807010000
Interior Features
- Floor
- Carpet, Tile
- Num Living
- 2
- Dining
- 1
- Kitchen
- Breakfast Bar, Pantry
- Appliances
- Built-In Oven(s), Dishwasher, Disposal, Microwave
- Laundry
- Laundry Room
- Master Bed
- Primary Bedroom on Main, Walk-In Closet(s)
- Master Main
- Yes
- Fireplaces
- 1
- Fireplace Description
- Family Room
- Interior Features
- Breakfast Bar, Entrance Foyer, High Ceilings, Primary Bedroom on Main, Pantry, Walk-In Closet(s), Multiple Living Areas, Study/Home Office, None
General Info
- Beds
- 4 Total / 2 Main Level / 2 Other Level
- Full / Half Baths
- 4 / 0
- Prop Type
- Residential
- Property Type
- Single Family Residence
- Stories
- 2
- Year Built
- 2001 / Resale
- Square Feet
- 3,169 / Public Records
- Garages
- 2
- Garage Desc
- Attached, Garage Door Opener
- Foundation
- Slab
- Roof
- Tile
- Construction
- Masonry – All Sides
- Acres
- 0.31
- Lot Description
- Corner Lot
- Restrictions
- See Remarks, Deed Restrictions
- Flood Plain
- No
- View
- Hill Country
- Water Access
- No
- Waterfront
- No
- Area
- LS
Utility Info
- Water
- Municipal Utility District (MUD)
- Sewer
- Municipal Utility District (MUD)
- Utilities
- Electricity Available
- Heat
- Electric, Heat Pump
- A C
- Central Air
Exterior Features
- Fence
- None
- Exterior Features
- None, Covered, Patio, Porch
- Pool On Property
- No
- Area Amenities
- Clubhouse, Pool, Sauna, Tennis Court(s)
Price history
| Date | Event | Price | Change |
|---|---|---|---|
| Oct 23, 2026 | New Listing | — |
Taxes
TCAD account 127736
Uses rates from the supplied 2026 TCAD package. The file does not identify adopted or proposed status.
| Taxing Entity | Rate per $100 | Taxable Value | Estimated Tax |
|---|---|---|---|
| HURST CREEK MUD | 0.227500 | $686,414 | $1,561.59 |
| LAKE TRAVIS ISD | 1.039700 | $546,414 | $5,681.07 |
| TRAVIS CO ESD NO 6 | 0.090399 | $858,017 | $775.64 |
| TRAVIS COUNTY | 0.375845 | $686,414 | $2,579.85 |
| TRAVIS COUNTY HEALTHCARE DISTRICT | 0.118023 | $686,414 | $810.13 |
| VILLAGE OF THE HILLS | 0.092000 | $686,414 | $631.50 |
| Ordinary property tax estimate | 1.943467 | $12,039.78 |
Informational estimate, not a tax bill or taxes paid. Exemptions and tax ceilings can make taxes differ from the combined rate multiplied by one taxable value. PID assessments and other special charges are excluded; collector coverage has not been established.
Source: Travis County
Annual taxes billed are the Tax Imposed amounts reported in the latest available Travis Tax Office statement. Exemptions and tax ceilings may prevent combined rate × taxable value from equaling the billed amount. Other collectors or assessments may not be included.
| Year | Appraised Value | Combined Rate per $100 | Annual Taxes Billed |
|---|---|---|---|
| 2025 | — | 1.943467 | $11,332.10 |
| 2024 | — | 1.929614 | $10,473.51 |
| 2023 | — | 1.901747 | $9,260.17 |
| 2022 | — | 2.086423 | $9,816.81 |
| 2021 | — | 2.201479 | $9,583.51 |
| 2020 | — | 2.328565 | $9,174.10 |
Combined rates exclude PID placeholder rates. Historical amounts reflect the statement’s snapshot and may change after later corrections; they do not describe payment status. Appraisal values come from the legacy CAD source.
Schools
School Info
- District
- Lake Travis ISD
- Elementary
- Lakeway
- Middle
- Hudson Bend
- High
- Lake Travis
Maps
Financing
Your preferences
- 20% down
- Conv/Jumbo
- 30 years
- 6.50% rate
Saved on this device
Estimated monthly payment
$5,272 / mo
20% down · 6.50% interest · 30-year fixed
Estimated monthly payment $5,272
- Principal & interest
- $4,475
- Property taxes
- $60
- Homeowners insurance
- $737
*PITI only
These figures are estimates for general information only — not a loan offer, a quote, or a guarantee of financing terms.
| Year | Starting balance | Principal paid | Interest paid | Ending balance | Principal vs interest |
|---|---|---|---|---|---|
| 1 | $707,999 | $7,913 | $45,787 | $700,086 | |
| 2 | $700,086 | $8,443 | $45,257 | $691,642 | |
| 3 | $691,642 | $9,009 | $44,691 | $682,633 | |
| 4 | $682,633 | $9,612 | $44,088 | $673,021 | |
| 5 | $673,021 | $10,256 | $43,444 | $662,765 | |
| 6 | $662,765 | $10,943 | $42,758 | $651,822 | |
| 7 | $651,822 | $11,676 | $42,025 | $640,146 | |
| 8 | $640,146 | $12,458 | $41,243 | $627,689 | |
| 9 | $627,689 | $13,292 | $40,408 | $614,397 | |
| 10 | $614,397 | $14,182 | $39,518 | $600,214 |
- Year 1$700,086
- Principal paid
- $7,913
- Interest paid
- $45,787
- Starting balance
- $707,999
- Year 2$691,642
- Principal paid
- $8,443
- Interest paid
- $45,257
- Starting balance
- $700,086
- Year 3$682,633
- Principal paid
- $9,009
- Interest paid
- $44,691
- Starting balance
- $691,642
- Year 4$673,021
- Principal paid
- $9,612
- Interest paid
- $44,088
- Starting balance
- $682,633
- Year 5$662,765
- Principal paid
- $10,256
- Interest paid
- $43,444
- Starting balance
- $673,021
- Year 6$651,822
- Principal paid
- $10,943
- Interest paid
- $42,758
- Starting balance
- $662,765
- Year 7$640,146
- Principal paid
- $11,676
- Interest paid
- $42,025
- Starting balance
- $651,822
- Year 8$627,689
- Principal paid
- $12,458
- Interest paid
- $41,243
- Starting balance
- $640,146
- Year 9$614,397
- Principal paid
- $13,292
- Interest paid
- $40,408
- Starting balance
- $627,689
- Year 10$600,214
- Principal paid
- $14,182
- Interest paid
- $39,518
- Starting balance
- $614,397
Nearby
Courtesy of Keller Williams - Lake Travis · (512) 263-9090
Listings courtesy of ACTRIS as distributed by MLS GRID.