Active Listing  ·  13 days on market

1302 Circle Ridge Dr

West Lake Hills, TX 78746
$1,700,000
5 Bed 6 Bath 4,552 sqft $373/sqft Built 1984 3.82 acres 4-Car Garage Pool Alpine Slopes

Imagine your dream home rising above the treetops, perfectly positioned to capture sweeping canyon views that accentuates privacy and nature. Set on 3.8 acres in one of Westlake’s most coveted locations, this property offers an extraordinary opportunity to create a private estate surrounded by natural beauty.

The current residence, with five bedrooms, a winding driveway, and an existing pool and spa, is ready to be reimagined—or replaced entirely with a new vision. Preliminary architectural floorplans by Baldridge Architects are available for a striking modern residence that blends glass, light, and landscape into an artful retreat.

Just six miles from Downtown Austin and minutes to all of the dining, shopping, and schools in Westlake, this property combines serenity with convenience in the highly regarded Eanes ISD. Whether you choose to remodel or start new, Circle Ridge Drive invites you to bring your vision of home to life.

At $373/sqft, this home is 48% below the West Lake Hills active market average of $712/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1302 Circle Ridge Dr, West Lake Hills, TX 78746

Property Details

Price $1,700,000
Status Active Listing
Beds 5
Full Baths 4
Half Baths 2
Living Area 4,552 sqft
Lot Size 3.82 acres (166,529.88 sqft)
Year Built 1984
Garage 4 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Alpine Slopes
County Travis
Zip Code 78746
$/sqft $373/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $27,421.44
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246296783
List Date September 9, 2026
Elementary School Eanes
Middle School Hill Country
High School Westlake
School District ,

Luke Allen (TREC #788149) has deep knowledge of West Lake Hills 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 West Lake Hills

Comparable Listings Right Now

Homes currently for sale in West Lake 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
6603 Liliana Ln #5
The Addie
$1,725,000 $478 4 bd / 5 ba 3,609 sqft , 2026-04-28
468 Spiller Ln
Spiller Hill Acres
$1,600,000 $451 4 bd / 2 ba 3,551 sqft , 2026-07-16

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
$8,160/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
$340,000
20% conventional investment loan

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

Estimated Gross Rent+$8,160
Principal + Interest−$9,278
Property Tax (~2.1% TX avg)−$2,975
Insurance (~0.5%)−$708
Est. Monthly Cash Flow $-4,801

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 West Lake Hills, TX

West Lake 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 September 11, 2026.

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