About This Home

At $295/sqft, this home is 8% 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 Hedgebrook Way, The Hills, TX 78738

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Property Details

Price $1,100,000

Status Active Listing

Beds 4

Full Baths 3

Half Baths 1

Living Area 3,729 sqft

Lot Size 0.26 acres (11,325.6 sqft)

Year Built 2005

Garage 3 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Hills Of Lakeway Phs 9

County Travis

Zip Code 78738

$/sqft $295/sqft

Days on Market ,

HOA $350/Quarterly

Annual Tax Est. $18,763.01

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT235561272

List Date June 12, 2026

Elementary School Lakeway

Middle School Lake Travis

High School Lake Travis

School District ,

Have Questions About This Property?

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 12, 2026 $1,275,000

Previous ask $1,125,000

Current ask $1,100,000

▼ Reduced $175,000 (-13.7%) 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

13 Borello Dr
Villas At Flintrock Sec 2 Condo $1,100,000 $376 4 bd / 3 ba 2,928 sqft , 2026-09-04

38 Tiburon Dr
Hills Lakeway Ph 04 $1,099,000 $305 4 bd / 4 ba 3,609 sqft , 2026-08-27

519 Golden Bear Dr
Flintrock At Hurst Creek Ph 07 $1,139,000 $365 4 bd / 4 ba 3,118 sqft , 2026-05-19

75 Stillmeadow Dr
THE HILLS OF LAKEWAY PHS 2 $1,050,000 $377 4 bd / 3 ba 2,784 sqft , 2026-08-13

402 Zephyr St
Lakeway Sec 8 $1,155,000 $311 4 bd / 5 ba 3,708 sqft , 2026-04-23

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

$5,280/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

$220,000

20% conventional investment loan

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

Estimated Gross Rent+$5,280

Principal + Interest−$6,003

Property Tax (~2.1% TX avg)−$1,925

Insurance (~0.5%)−$458

Est. Monthly Cash Flow $-3,106

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

About the Author

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 →

18 Hedgebrook Way