Active Listing  ·  305 days on market

1117 Eternity Ter

Austin, TX 78746
$4,573,207
6 Bed 6 Bath 5,025 sqft $910/sqft Built 2026 0.28 acres 3-Car Garage Pool The Overlook at Westlake

Welcome to The Overlook at Westlake, an intimate gated enclave of just 48 luxury estate homes. Each residence is uniquely designed to embrace the land, capture Hill Country views, and reflect timeless architecture with modern sophistication.

This stunning home has been curated by Butter Lutz Interiors where thoughtful design meets smart luxury. The gourmet kitchen is a showpiece with luxury appliances, custom cabinetry, and an oversized island creates a second dining area with seating for 7, seamlessly connecting to the living and dining areas. The primary suite offers a serene sitting area, spa-style bath, private outdoor access, and a spacious walk-in closet with custom finishout. The bath itself includes dual vanities, a soaking tub, Dual walk-in shower, and rare access to a secondary private utility room. A secondary bedroom with its own bath is also located downstairs, ideal for guests or multigenerational living. Upstairs, the spacious flex room provides versatility for use as a gym, oversized bedroom, or second study. a speakeasy-style club room with wet bar and custom cabinetry opens to a private balcony, creating a one-of-a-kind retreat. Multiple outdoor living areas and a 3-car garage complete this exceptional plan, and don't forget about the pool!

Located within Eanes ISD, one of Texas’ most prestigious school districts, The Overlook offers families access to award-winning academics and vibrant extracurricular programs. Residents also enjoy the peace and privacy of Westlake while remaining just minutes from downtown Austin’s business hubs, fine dining, and cultural destinations. Surrounded by rolling hills and natural beauty, The Overlook delivers both exclusivity and convenience, making it one of Austin’s most desirable addresses.

All information deemed reliable but buyer to verify.

At $910/sqft, this home is priced 133% 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

1117 Eternity Ter, Austin, TX 78746

Property Details

Price $4,573,207
Status Active Listing
Beds 6
Full Baths 5
Half Baths 1
Living Area 5,025 sqft
Lot Size 0.28 acres (12,100.97 sqft)
Year Built 2026
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision The Overlook at Westlake
County Travis
Zip Code 78746
$/sqft $910/sqft
Days on Market ,
HOA $250/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT208248028
List Date October 3, 2025
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
1304 Dusky Thrush Trl
Woodhaven
$4,580,000 $872 5 bd / 6 ba 5,253 sqft , 2026-06-04
2701 Toro Canyon Rd #B
Christopher Condominium Homes
$4,500,000 $806 5 bd / 7 ba 5,580 sqft , 2025-04-03
3608 Woodcutters Way
Forest At Westlake
$4,500,000 $722 5 bd / 7 ba 6,231 sqft , 2026-07-10
604 Brookhaven Trl
Westwood Sec 04
$4,495,000 $840 5 bd / 6 ba 5,349 sqft , 2026-04-30
6205 Marshall Ranch Rd
The Overlook at Westlake
$4,655,740 $943 6 bd / 6 ba 4,937 sqft , 2026-03-25

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
$21,951/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
$914,641
20% conventional investment loan

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

Estimated Gross Rent+$21,951
Principal + Interest−$24,958
Property Tax (~2.1% TX avg)−$8,003
Insurance (~0.5%)−$1,906
Est. Monthly Cash Flow $-12,916

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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