Active Listing  ·  40 days on market

2905 Westlake Cv

Austin, TX 78746
$9,350,000
4 Bed 6 Bath 5,742 sqft $1,628/sqft Built 2005 0.78 acres 2-Car Garage Pool Waterfront Lago Villa

Gracefully set on a private cove along the coveted shores of Lake Austin, this waterfront retreat offers an exceptional blend of architectural pedigree and refined lakeside living. Steeply pitched rooflines, hand-cut stone, and bespoke detailing evoke the romance of a European countryside retreat, while expansive windows frame serene lake views and invite natural light throughout.

Designed for both relaxed daily living and elevated entertaining, the home opens to an expansive covered porch overlooking the lake—an idyllic setting for al fresco dining, sunset gatherings, and year-round enjoyment. A protected two-slip boat dock provides effortless access to the water, completing a lifestyle defined by privacy, sophistication, and ease. Just minutes from the heart of Westlake and with easy Downtown Austin access, this is a rare offering for the most discerning Lake Austin buyer. Acclaimed Eanes School District.

At $1,628/sqft, this home is priced 315% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2905 Westlake Cv, Austin, TX 78746

Property Details

Price $9,350,000
Status Active Listing
Beds 4
Full Baths 5
Half Baths 1
Living Area 5,742 sqft
Lot Size 0.78 acres (34,116.19 sqft)
Year Built 2005
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Lago Villa
County Travis
Zip Code 78746
$/sqft $1,628/sqft
Days on Market ,
HOA $2,500/Annually
Annual Tax Est. $49,769.61
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT243380943
List Date August 13, 2026
Elementary School Bridge Point
Middle School Hill Country
High School Westlake
School District ,

Luke Allen (TREC #788149) has deep knowledge of Austin and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

Schedule a Call →

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 · August 13, 2026 $9,500,000
Current ask $9,350,000
Reduced $150,000 (-1.6%) 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 Austin

Comparable Listings Right Now

Homes currently for sale in Austin 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
3501 Mount Bonnell Rd
Mount Bonnell Terrace Sec 01
$9,925,000 $1,696 5 bd / 6 ba 5,851 sqft , 2026-09-08
2703 Greenlee Dr
Thomas Place
$7,995,000 $1,264 5 bd / 7 ba 6,324 sqft , 2026-08-18
2503 Westlake Dr #201
West Harbour Marina Condos
$7,900,000 $1,942 3 bd / 4 ba 4,067 sqft , 2026-08-19
2503 Westlake Dr #301
West Harbour Marina Condos
$7,495,000 $1,710 3 bd / 4 ba 4,383 sqft , 2026-08-20

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
$44,880/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
$1,870,000
20% conventional investment loan

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

Estimated Gross Rent+$44,880
Principal + Interest−$51,027
Property Tax (~2.1% TX avg)−$16,363
Insurance (~0.5%)−$3,896
Est. Monthly Cash Flow $-26,406

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 →

Neighborhood Context

About Westlake Hills

Westlake Hills is Austin's most prestigious address. The small city of Westlake Hills sits in the hills west of Austin proper - with views of the city skyline, the Texas Hill Country, and Lake Austin visible from many properties. It is where Austin's most successful executives, entrepreneurs, and professionals choose to live.

The primary driver of Westlake's demand is Eanes ISD - consistently ranked among the top school districts in Texas and regularly appearing on national top-100 lists. Families move to Westlake specifically for Westlake High School, and the school's reputation sustains property values through every market cycle.

🎓
Eanes ISD

Westlake High School is among the top public high schools in Texas. AP course offerings, athletics, and college matriculation rates rival private schools. This is the #1 driver of Westlake real estate demand.

🏔️
Hill Country Views

Elevated terrain means many homes have panoramic views of downtown Austin's skyline, Lake Austin, and the surrounding hill country. Views add significant value and are irreplaceable.

🔒
Privacy & Security

Many Westlake properties are set back from the road on large lots, often in gated communities. The density is far lower than inside Austin proper.

⏱️
Downtown Access

Despite feeling removed, Westlake is 10 to 15 minutes from downtown Austin via MoPac. The hills buffer from city noise without sacrificing access.

Full Westlake Hills Guide →

Commute & Employment

Major Employers Near Austin, TX

Austin 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 18, 2026.

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