Active Listing  ·  98 days on market

18 Glenway Dr

The Hills, TX 78738
$819,900
3 Bed 4 Bath 3,216 sqft $255/sqft Built 2003 0.20 acres 2-Car Garage Pool Hills Lakeway Ph 04

Welcome to life in The Hills of Lakeway, one of the area's most sought-after gated golf course communities. Situated on a desirable corner lot, this spacious 3-bedroom, 3,216 sq. ft. home offers a flexible floor plan designed to fit today's lifestyle. The main level features a dedicated formal office, ideal for working from home, while the expansive upstairs flex space provides endless possibilities as a game room, media room, fitness area, or additional living space.

Inside, you'll find high ceilings, an abundance of natural light, and updated flooring that adds a fresh, modern touch throughout the home. The private backyard creates the perfect setting for relaxing evenings or entertaining guests. Residents of The Hills enjoy the benefits of an award-winning gated community centered around a premier golf course lifestyle, with easy access to nearby dining, shopping, and the highly acclaimed Lake Travis area amenities. Don't miss this rare opportunity to own in one of Lakeway's most prestigious neighborhoods.

At $255/sqft, this home is 21% below the The Hills active market average of $321/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

18 Glenway Dr, The Hills, TX 78738

Property Details

Price $819,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths 2
Living Area 3,216 sqft
Lot Size 0.20 acres (8,855.75 sqft)
Year Built 2003
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Hills Lakeway Ph 04
County Travis
Zip Code 78738
$/sqft $255/sqft
Days on Market ,
HOA $775/Semi-Annually
Annual Tax Est. $15,457.66
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT231713899
List Date June 17, 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.

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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 · June 17, 2026 $889,900
Previous ask $834,900
Current ask $819,900
Reduced $70,000 (-7.9%) 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 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
50 Stillmeadow Dr
Hills Of Lakeway Ph 02 Rep
$798,000 $270 3 bd / 3 ba 2,955 sqft , 2026-06-19
116 Blue Clearing Way
Rough Hollow Sec 3 Condo
$789,000 $258 4 bd / 4 ba 3,057 sqft , 2026-08-01
16 Swiftwater Trl
Hills Lakeway Ph 06
$769,000 $272 3 bd / 3 ba 2,824 sqft , 2026-09-14
404 Amiata Ave #34
Villas At Tuscan Village Amd
$749,000 $299 3 bd / 3 ba 2,506 sqft , 2026-01-16
410 Indianwood Dr
Flintrock At Hurst Creek Ph 03
$900,000 $248 4 bd / 5 ba 3,628 sqft , 2026-09-03

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
$3,936/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
$163,980
20% conventional investment loan

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

Estimated Gross Rent+$3,936
Principal + Interest−$4,475
Property Tax (~2.1% TX avg)−$1,435
Insurance (~0.5%)−$342
Est. Monthly Cash Flow $-2,316

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 11, 2026.

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