Active Listing  ·  12 days on market

17 Hedgebrook Way

The Hills, TX 78738
$1,900,000
4 Bed 5 Bath 4,640 sqft $409/sqft Built 1987 0.47 acres 2-Car Garage Pool Hills Lakeway Ph 09

Welcome to 17 Hedgebrook Way, an exceptional 4-bedroom residence with 3 full and 2 half baths, extensively rebuilt from the studs with an unwavering commitment to quality, timeless design and refined craftsmanship. Ideally situated on a rare double lot along one of the most coveted streets in The Hills, this remarkable property offers golf course views and a private backyard setting designed for both everyday living and effortless entertaining.

Sophisticated interiors showcase an impressive collection of natural stone finishes, including Calcutta, Carrara and Emperador marble, complemented by hardwood flooring throughout with no carpet, new lighting and distinctive architectural details. The beautifully appointed kitchen features KitchenAid appliances, a Viking induction cooktop, double ovens, built-in refrigeration and two built-in wine refrigerators. An upstairs mini kitchenette with sink, dishwasher and refrigerator provides exceptional flexibility for guests, multigenerational living or entertaining.

The luxurious primary suite features two custom closets with built-in ladders, a sitting area with built-in shelving and a marble-clad bath with heated floors. Thoughtful improvements throughout the home include redesigned HVAC, reinforced structural elements, two water heaters and numerous systems and improvements brought to current code standards.

Outdoor living is equally impressive with Trex decking, a covered patio, updated lighting and ceiling fans, an automatic gated entry through the porte-cochere, and an outdoor shower and half bath designed for pool guests. Additional enhancements include a new pool pump, replaced irrigation system, updated rear-facing windows and numerous exterior improvements.

17 Hedgebrook Way presents a rare opportunity to own a beautifully reimagined home in The Hills designed for sophisticated yet comfortable living.

At $409/sqft, this home is priced 27% above the The Hills active market average of $321/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

17 Hedgebrook Way, The Hills, TX 78738

Property Details

Price $1,900,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 2
Living Area 4,640 sqft
Lot Size 0.47 acres (20,298.96 sqft)
Year Built 1987
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Hills Lakeway Ph 09
County Travis
Zip Code 78738
$/sqft $409/sqft
Days on Market ,
HOA $1,550/Annually
Annual Tax Est. $19,941.29
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246411544
List Date September 11, 2026
Elementary School Lakeway
Middle School Hudson Bend
High School Lake Travis
School District ,

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

Comparable Listings Right Now

Homes currently for sale in The 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
34 AUTUMN OAKS Dr
HILLS OF LAKEWAY PHS 2 THE
$1,995,000 $486 5 bd / 6 ba 4,105 sqft , 2026-09-12
504 Black Wolf Run
Flintrock At Hurst Creek Ph 04
$2,199,000 $396 5 bd / 6 ba 5,557 sqft , 2025-12-28
9 Wingreen Loop
The Hills of Lakeway
$1,599,000 $452 5 bd / 6 ba 3,534 sqft , 2026-04-08
501 Black Wolf Run
Flintrock At Hurst Creek Ph 04
$1,500,000 $425 5 bd / 4 ba 3,530 sqft , 2026-08-08
224 Neville Wood Ct
Flintrock At Hurst Creek Ph 01
$1,450,000 $403 4 bd / 4 ba 3,602 sqft , 2026-05-16

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
$9,120/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
$380,000
20% conventional investment loan

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

Estimated Gross Rent+$9,120
Principal + Interest−$10,369
Property Tax (~2.1% TX avg)−$3,325
Insurance (~0.5%)−$792
Est. Monthly Cash Flow $-5,366

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 The Hills, TX

The 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 17, 2026.

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