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Active Under ContractMLS #4051914

47 WATERFALL DR, The Hills TX 78738

The Hills, TX 78738 · Hills Lakeway Ph 05 Amd

Single Family Residence for sale in Hills Lakeway Ph 05 Amd

5Bedrooms
4Bathrooms
4,547Square Ft
0.17Acres
2Garage
1993Year Built
1 / 26
$1,460,000

Overview

Property Description

Prime Location on The Hills Signature Golf Course, this exceptional 4,547-square-foot custom-built Sterling Home offers breathtaking panoramic views of two fairways and two holes, with the iconic #7 Waterfall Hole directly across the street—ranked among the top 10 most beautiful golf holes in Texas. Ideally situated within a short walk of both clubhouses, this extraordinary property offers an unparalleled combination of luxury, privacy and convenience. 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.

Financial Info
Price
$1,460,000
$ / Sqft
$321
HOA
Yes - Mandatory / $650 / Semi-Annually
HOA Name
Hills POA
HOA Includes
Common Area Maintenance, Security
Tax Rate
1.9%
Est. Taxes
$11,531
Tax Year
2026
Exemptions
None
Legal Info
Address
47 WATERFALL DR
County
Travis
City
The Hills
State
TX
Zip
78738
Subdivision
Hills Lakeway Ph 05 Amd
Legal Description
LOT 478 HILLS OF LAKEWAY PHS 5 AMENDED THE
Parcel
01337806200000
Interior Features
Floor
Carpet, Tile, Wood
Num Living
2
Dining
1
Kitchen
Breakfast Bar, Eat-in Kitchen, Kitchen Island, Pantry
Appliances
Built-In Oven(s), Dishwasher, Microwave, Refrigerator
Laundry
Inside, Laundry Room, Lower Level
Master Bed
Double Vanity, Primary Bedroom on Main, Walk-In Closet(s)
Master Main
Yes
Fireplaces
1
Fireplace Description
Family Room
Interior Features
Bookcases, Breakfast Bar, Ceiling Fan(s), Beamed Ceilings, Double Vanity, Electric Dryer Hookup, Eat-in Kitchen, Entrance Foyer, Kitchen Island, Multiple Living Areas, Pantry, Primary Bedroom on Main, Recessed Lighting, Study/Home Office, Walk-In Closet(s), Washer Hookup, Security Guard, None
General Info
Beds
5 Total / 2 Main Level / 3 Other Level
Full / Half Baths
4 / 0
Prop Type
Residential
Property Type
Single Family Residence
Stories
2
Year Built
1993 / Resale
Square Feet
4,547 / Public Records
Garages
2
Garage Desc
Attached
Foundation
Slab
Roof
Tile
Construction
Masonry – All Sides, Stone
Acres
0.17
Lot Description
Backs To Golf Course, Trees-Medium (20 Ft - 40 Ft)
Restrictions
See Remarks
Flood Plain
No
View
Golf Course, Pool
Water Access
No
Waterfront
No
Area
LS
Utility Info
Water
Municipal Utility District (MUD)
Sewer
Public Sewer
Utilities
Electricity Available, Propane
Heat
Central
A C
Central Air
Exterior Features
Fence
Partial
Exterior Features
None, Deck, Front Porch, Porch
Pool On Property
Yes
Area Amenities
None

Rooms

Rooms3 rooms

Main level

  • Kitchen
  • Primary Bedroom

Second level

  • Media Room

Price history

Members only
Days on market
$1,460,000
List price
0
Price reductions
Active Under Contract
Since Aug 29, 2026
Property history2 events
DateEventPriceChange
Sep 21, 2026Active Under Contract
Aug 29, 2026New Listing

Taxes

Tax data isn’t available for this property’s county yet.

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

List price $1,460,000
Down payment
Stays 20% if you change the price
Note rate, not APR
From this listing’s tax record
*Estimated only (1% of price / yr)

Estimated monthly payment

$9,561 / mo

20% down · 6.50% interest · 30-year fixed

Estimated monthly payment $9,561

Principal & interest
$7,383
Property taxes
$961
Homeowners insurance
$1,217

*PITI only

These figures are estimates for general information only — not a loan offer, a quote, or a guarantee of financing terms.

Principal, interest and balance for each year
YearStarting balancePrincipal paidInterest paidEnding balancePrincipal vs interest
1$1,168,000$13,055$75,536$1,154,945
2$1,154,945$13,929$74,661$1,141,016
3$1,141,016$14,862$73,728$1,126,153
4$1,126,153$15,858$72,733$1,110,296
5$1,110,296$16,920$71,671$1,093,376
6$1,093,376$18,053$70,538$1,075,323
7$1,075,323$19,262$69,329$1,056,062
8$1,056,062$20,552$68,039$1,035,510
9$1,035,510$21,928$66,663$1,013,582
10$1,013,582$23,397$65,194$990,185
  • Year 1$1,154,945
    Principal paid
    $13,055
    Interest paid
    $75,536
    Starting balance
    $1,168,000
  • Year 2$1,141,016
    Principal paid
    $13,929
    Interest paid
    $74,661
    Starting balance
    $1,154,945
  • Year 3$1,126,153
    Principal paid
    $14,862
    Interest paid
    $73,728
    Starting balance
    $1,141,016
  • Year 4$1,110,296
    Principal paid
    $15,858
    Interest paid
    $72,733
    Starting balance
    $1,126,153
  • Year 5$1,093,376
    Principal paid
    $16,920
    Interest paid
    $71,671
    Starting balance
    $1,110,296
  • Year 6$1,075,323
    Principal paid
    $18,053
    Interest paid
    $70,538
    Starting balance
    $1,093,376
  • Year 7$1,056,062
    Principal paid
    $19,262
    Interest paid
    $69,329
    Starting balance
    $1,075,323
  • Year 8$1,035,510
    Principal paid
    $20,552
    Interest paid
    $68,039
    Starting balance
    $1,056,062
  • Year 9$1,013,582
    Principal paid
    $21,928
    Interest paid
    $66,663
    Starting balance
    $1,035,510
  • Year 10$990,185
    Principal paid
    $23,397
    Interest paid
    $65,194
    Starting balance
    $1,013,582
First 10 of 30 years

Nearby

Courtesy of Keller Williams - Lake Travis · (512) 263-9090

Listings courtesy of ACTRIS as distributed by MLS GRID.