Active Listing  ·  91 days on market

206 Las Lomas Dr

West Lake Hills, TX 78746
$5,390,000
5 Bed 6 Bath 5,311 sqft $1,015/sqft Built 1992 1.13 acres 2-Car Garage Pool Las Lomas

Set atop a private hill within a coveted acreage community, 206 Las Lomas Dr. offers a rare blend of seclusion, scale, and sweeping downtown views. Extensively remodeled between 2012 and 2014, this 5-bedroom, 5.5-bath residence spans 5,311 square feet on 1.13 acres in a single-entry neighborhood, delivering uncommon privacy with limited through-traffic.

Designed with entertaining in mind, the home offers a natural flow between interior spaces and the outdoors. A custom 700+ bottle wine cellar anchors the home’s entertaining capabilities, while the kitchen and adjoining utility room— which functions as a butler’s pantry or caterer station— create an ideal setting for hosting.

The home offers exceptional flexibility with two dedicated office spaces located on separate levels and an upstairs flex room with built-in bunk beds, ideal for use as a playroom, guest space, or additional bedroom. The primary suite features oversized closets, including a cedar closet, while wet and dry saunas add a private wellness retreat that enhances everyday living.

Outdoor spaces are a true highlight, featuring expansive stonework and a central towering fireplace that serves as a striking focal point for gatherings. The elevated setting captures unobstructed downtown skyline views creating a dramatic backdrop for both intimate evenings and large-scale entertaining. With privacy, views, and thoughtful design throughout, this property delivers a distinctive Austin lifestyle.

At $1,015/sqft, this home is priced 43% above the West Lake Hills active market average of $712/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

206 Las Lomas Dr, West Lake Hills, TX 78746

Property Details

Price $5,390,000
Status Active Listing
Beds 5
Full Baths 5
Half Baths 1
Living Area 5,311 sqft
Lot Size 1.13 acres (49,222.8 sqft)
Year Built 1992
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Las Lomas
County Travis
Zip Code 78746
$/sqft $1,015/sqft
Days on Market ,
HOA $550/Annually
Annual Tax Est. $44,832
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT236880873
List Date June 24, 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.

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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
1304 Dusky Thrush Trl
Woodhaven
$4,580,000 $872 5 bd / 6 ba 5,253 sqft , 2026-06-04
4814 Rollingwood Dr
Timberline Terrace Sec 03
$6,250,000 $1,006 6 bd / 8 ba 6,214 sqft , 2026-07-02
604 Brookhaven Trl
Westwood Sec 04
$4,495,000 $840 5 bd / 6 ba 5,349 sqft , 2026-04-30
434 Brady Ln
Ridgewood Village Sec Ii
$4,383,000 $990 5 bd / 6 ba 4,429 sqft , 2026-03-06

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
$25,872/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
$1,078,000
20% conventional investment loan

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

Estimated Gross Rent+$25,872
Principal + Interest−$29,415
Property Tax (~2.1% TX avg)−$9,433
Insurance (~0.5%)−$2,246
Est. Monthly Cash Flow $-15,222

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 1, 2026.

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