Active Listing  ·  73 days on market

1216 Eternity Ter

Austin, TX 78746
$4,329,588
5 Bed 6 Bath 4,937 sqft $877/sqft Built 2026 0.59 acres 3-Car Garage Pool The Overlook at Westlake

Under Construction. Located within the gated enclave of The Overlook at Westlake in highly acclaimed Eanes ISD, this exceptional new construction residence blends modern Hill Country architecture with elevated luxury living. The Berkley floorplan offers 5 bedrooms, 5.5 bathrooms, expansive entertaining spaces, and a thoughtfully designed layout for both everyday comfort and hosting.

The main level centers around an open-concept living space where the family room, dining area, and chef’s kitchen flow seamlessly beneath soaring ceilings and walls of glass overlooking the covered outdoor living area. The kitchen is appointed with Wolf and Sub-Zero appliances, oversized island, custom cabinetry, walk-in pantry, and prep kitchen. A private first-floor primary suite offers a spa-inspired bath with soaking tub, frameless glass shower, floor-to-ceiling tile, dual vanities, and oversized walk-in closet. A dedicated study or optional guest bedroom provides flexibility for office space or multigenerational living.

Upstairs features a spacious game room, media room, covered terrace, secondary bedrooms, and gallery-style hallways overlooking the main living areas. A 3 car garage, oversized utility spaces, and abundant storage enhance functionality without compromising design.

Luxury features include hardwood flooring, solid-core doors, designer lighting, Marvin windows, spray foam insulation, smart climate control, whole-home WiFi infrastructure, surround sound pre-wiring, epoxy garage flooring, EV charging capability, and tankless water system with recirculation. Exterior finishes combine natural stone, stucco, and warm wood accents with professional landscaping, concrete paver driveways, and custom fencing.

Residents enjoy a rare lock-and-leave lifestyle minutes from downtown Austin, Barton Creek Country Club, premier shopping, dining, and top-rated Eanes ISD schools including Westlake High School.

At $877/sqft, this home is priced 124% 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

1216 Eternity Ter, Austin, TX 78746

Property Details

Price $4,329,588
Status Active Listing
Beds 5
Full Baths 5
Half Baths 1
Living Area 4,937 sqft
Lot Size 0.59 acres (25,621.99 sqft)
Year Built 2026
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision The Overlook at Westlake
County Travis
Zip Code 78746
$/sqft $877/sqft
Days on Market ,
HOA $250/Monthly
Annual Tax Est. $3,827.58
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT231226386
List Date May 23, 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
1209 Eternity Ter
The Overlook at Westlake
$4,282,380 $813 5 bd / 7 ba 5,266 sqft , 2026-05-23
4300 Amarra Dr #6
Amarra Cottages Condos
$4,250,000 $1,055 4 bd / 5 ba 4,027 sqft , 2026-05-08
2476 Waymaker Way
Davenport Ranch Ph 07 Sec 03
$4,190,000 $720 5 bd / 6 ba 5,820 sqft , 2026-06-24
604 Brookhaven Trl
Westwood Sec 04
$4,495,000 $840 5 bd / 6 ba 5,349 sqft , 2026-04-30
2701 Toro Canyon Rd #B
Christopher Condominium Homes
$4,500,000 $806 5 bd / 7 ba 5,580 sqft , 2025-04-03

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
$20,782/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
$865,918
20% conventional investment loan

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

Estimated Gross Rent+$20,782
Principal + Interest−$23,628
Property Tax (~2.1% TX avg)−$7,577
Insurance (~0.5%)−$1,804
Est. Monthly Cash Flow $-12,227

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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