Active Listing  ·  123 days on market

1216 Eternity Ter

Austin, TX 78746
$4,717,046
5 Bed 6 Bath 4,937 sqft $955/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 $955/sqft, this home is priced 143% above the Austin active market average of $393/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 $4,717,046
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 $955/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 →

Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · May 23, 2026 $4,450,115
Previous ask $4,709,470
Current ask $4,717,046
Increased $266,931 (+6.0%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
$4,639,481 $881 5 bd / 7 ba 5,266 sqft , 2026-05-23
6205 Marshall Ranch Rd
The Overlook at Westlake
$4,905,740 $994 6 bd / 6 ba 4,937 sqft , 2026-03-25
1117 Eternity Ter
The Overlook at Westlake
$5,259,189 $1,047 6 bd / 6 ba 5,025 sqft , 2025-10-03
16 Sundown Pkwy
Westlake Oaks
$5,400,000 $1,030 4 bd / 6 ba 5,244 sqft , 2026-09-19
6308 Eanes Homestead Rd
The Overlook at Westlake
$3,325,990 $869 4 bd / 5 ba 3,827 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
$22,642/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
$943,409
20% conventional investment loan

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

Estimated Gross Rent+$22,642
Principal + Interest−$25,743
Property Tax (~2.1% TX avg)−$8,255
Insurance (~0.5%)−$1,965
Est. Monthly Cash Flow $-13,321

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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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 September 11, 2026.

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