Active Listing  ·  92 days on market

1101 Eternity Ter

Austin, TX 78746
$3,537,578
5 Bed 5 Bath 4,530 sqft $781/sqft Built 2026 0.31 acres 3-Car Garage Pool New Construction The Overlook at Westlake

New construction home to be built at The Overlook at Westlake, a private gated community in the heart of Westlake and located within highly sought-after Eanes ISD. Situated at 1101 Eternity Terrace on a premium corner lot, this two-story Ridgeline plan offers a rare combination of security, exclusivity, and close-in convenience just minutes from downtown Austin.

Estimated completion January 2027, this 5 bedroom, 5 bathroom home offers approximately 4,530 square feet with a thoughtfully designed layout ideal for both everyday living and entertaining. The main level features expansive living and dining areas, a dedicated study, and a luxurious primary suite. The chef’s kitchen is equipped with Wolf and Sub-Zero appliances and complemented by a full butler’s pantry, providing additional prep space and storage.

Upstairs, additional bedrooms are paired with a spacious loft that can function as a game room, media room, fitness space, or flexible living area.

Designed with a modern hill country aesthetic, the home includes a full metal roof, high-end finishes, and large windows that bring in abundant natural light. Outdoor living is elevated with a sparkling pool and spa included, creating a true resort-style backyard.

Buyers have the opportunity to personalize interior selections and finishes during construction, allowing for a tailored, custom feel.

Additional highlights include a 3-car tandem garage, covered outdoor patio, and quality craftsmanship throughout.

Rare opportunity to own new construction in a gated Westlake community offering privacy, limited inventory, and a true lock-and-leave lifestyle, all within minutes of Austin’s top dining, shopping, and entertainment.

At $781/sqft, this home is priced 100% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1101 Eternity Ter, Austin, TX 78746

Property Details

Price $3,537,578
Status Active Listing
Beds 5
Full Baths 5
Half Baths ,
Living Area 4,530 sqft
Lot Size 0.31 acres (13,512.31 sqft)
Year Built 2026
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision The Overlook at Westlake
County Travis
Zip Code 78746
$/sqft $781/sqft
Days on Market ,
HOA $250/Monthly
Annual Tax Est. $0.63
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT228741879
List Date May 4, 2026
Elementary School Forest Trail
Middle School West Ridge
High School Westlake
School District ,

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

Schedule a Call →

Similar Homes on the Market in Austin

Comparable Listings Right Now

Homes currently for sale in Austin 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
3805 Rockledge Dr
T J Chambers 8 League Grant
$3,550,000 $816 6 bd / 6 ba 4,350 sqft , 2026-07-07
504 W 7th St
Block 079 Original City
$3,500,000 $688 6 bd / 4 ba 5,089 sqft , 2025-04-21
110 Bella Montagna Cir
Bella Montagna
$3,500,000 $658 5 bd / 7 ba 5,318 sqft , 2026-03-13
4301 Balcones Dr
Balcones Park Add Sec 02
$3,500,000 $723 4 bd / 4 ba 4,841 sqft , 2026-04-23
6705 Elfland Dr
Rivercrest Add Sec 02
$3,495,000 $1,109 4 bd / 5 ba 3,151 sqft , 2026-05-06

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
$16,980/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
$707,516
20% conventional investment loan

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

Estimated Gross Rent+$16,980
Principal + Interest−$19,306
Property Tax (~2.1% TX avg)−$6,191
Insurance (~0.5%)−$1,474
Est. Monthly Cash Flow $-9,991

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 →

Neighborhood Context

About Westlake Hills

Westlake Hills is Austin's most prestigious address. The small city of Westlake Hills sits in the hills west of Austin proper - with views of the city skyline, the Texas Hill Country, and Lake Austin visible from many properties. It is where Austin's most successful executives, entrepreneurs, and professionals choose to live.

The primary driver of Westlake's demand is Eanes ISD - consistently ranked among the top school districts in Texas and regularly appearing on national top-100 lists. Families move to Westlake specifically for Westlake High School, and the school's reputation sustains property values through every market cycle.

🎓
Eanes ISD

Westlake High School is among the top public high schools in Texas. AP course offerings, athletics, and college matriculation rates rival private schools. This is the #1 driver of Westlake real estate demand.

🏔️
Hill Country Views

Elevated terrain means many homes have panoramic views of downtown Austin's skyline, Lake Austin, and the surrounding hill country. Views add significant value and are irreplaceable.

🔒
Privacy & Security

Many Westlake properties are set back from the road on large lots, often in gated communities. The density is far lower than inside Austin proper.

⏱️
Downtown Access

Despite feeling removed, Westlake is 10 to 15 minutes from downtown Austin via MoPac. The hills buffer from city noise without sacrificing access.

Full Westlake Hills Guide →

Commute & Employment

Major Employers Near Austin, TX

Austin 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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