Active Listing  ·  77 days on market

1 Treehaven Ln

The Hills, TX 78738
$1,167,000
4 Bed 4 Bath 3,227 sqft $362/sqft Built 2006 0.13 acres 2-Car Garage Pool Hills Lakeway Ph 06

Seller is offering $30,000 to buyer at closing for closing costs or other expenses. Come see this low-maintenance, lock-and-leave home nestled within the prestigious gated community of The Hills of Lakeway ....across from the 11th tee box. *The two HVAC units as well and the hot water heater, have been replaced in the recent years. Several new windows were installed within the last 5 years.* The exterior features a charming courtyard-style design with a pond and water fountains, as well a rear outdoor covered patio/deck and a second-floor balcony, all including tv monitors, fans, and built-in speakers. Upon entering the home through a rotunda entry, there is an abundance of natural light, soaring ceilings, and rich travertine flooring that welcome you into the formal living and dining rooms. The open-concept family room has a stone fireplace with custom built-in bookcases. The spacious kitchen is the heart of the home, offering breakfast bar seating, sleek dark cabinetry, and stainless appliances. A versatile guest suite on the main level features beautiful wood flooring and a full bath, making it an ideal home office, study, playroom, or space for guests. Upstairs, the primary bedroom offers a spacious flex area that easily accommodates a sitting room, nursery, home gym, or reading nook, with the primary bath including a tv monitor for tub relaxation. Two additional secondary bedrooms, a full bath, and an oversized game room complete the upper level, with the game room opening onto a covered balcony. This home offers an unbeatable location, just minutes from top-rated schools, parks, shopping, dining, golf, and everything that makes Lakeway one of the area's most desirable communities. This home is the perfect blend of comfort, convenience, and resort-style living.

At $362/sqft, this home is priced 13% above the The Hills active market average of $321/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1 Treehaven Ln, The Hills, TX 78738

Property Details

Price $1,167,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 3,227 sqft
Lot Size 0.13 acres (5,532.12 sqft)
Year Built 2006
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Hills Lakeway Ph 06
County Travis
Zip Code 78738
$/sqft $362/sqft
Days on Market ,
HOA $157/Monthly
Annual Tax Est. $15,426.05
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238481445
List Date July 8, 2026
Elementary School Lakeway
Middle School Hudson Bend
High School Lake Travis
School District ,

Luke Allen (TREC #788149) has deep knowledge of The Hills and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Similar Homes on the Market in The Hills

Comparable Listings Right Now

Homes currently for sale in The Hills with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
810 Crestone Stream Dr
Serene Hills Sub Ph 2E
$1,175,000 $341 5 bd / 4 ba 3,444 sqft , 2026-06-12
4408 Hennig Dr
Hennig Heights 01
$1,150,000 $412 4 bd / 4 ba 2,792 sqft , 2026-09-22
519 Golden Bear Dr
Flintrock At Hurst Creek Ph 07
$1,139,000 $365 4 bd / 4 ba 3,118 sqft , 2026-05-19
114 Golden Bear Dr
Flintrock At Hurst Creek Ph 01
$1,200,000 $337 4 bd / 4 ba 3,560 sqft , 2026-08-18
411 Ringtail Stream Dr
Serene Hills Sub Ph 2W
$1,218,000 $413 4 bd / 4 ba 2,947 sqft , 2026-08-28

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$5,602/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$233,400
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$5,602
Principal + Interest−$6,369
Property Tax (~2.1% TX avg)−$2,042
Insurance (~0.5%)−$486
Est. Monthly Cash Flow $-3,295

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near The Hills, TX

The Hills sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on August 30, 2026.

📞 (254) 718-2567 [email protected] More about Luke →