Active Listing  ·  21 days on market

3604 Westlake Dr

Austin, TX 78746
$5,400,000
5 Bed 5 Bath 5,679 sqft $951/sqft Built 2018 1.27 acres 3-Car Garage Pool Westview On Lake Austin Ph A A

This gorgeous contemporary Westlake home is set on ~1.2 stunning, park-like acres, surrounded by seven acres of conservation land for enhanced privacy. Lush lawns are dotted with over 60 mature oak trees and provide an idyllic setting for the sleek, elegant home. Privately gated, the grounds are designed with outdoor living in mind, with a pool and spa, a shady cabana with a summer kitchen and television, a raised sun terrace, and a dining patio. The lawn sprawls out from the hardscapes, providing plenty of places to play and entertain, including an elegantly planted garden for quiet contemplation. The interior is a decorator’s dream, with rich wide-plank walnut flooring and creamy walls that reflect light streaming in through huge floor-to-ceiling windows. The airy, gourmet kitchen is outfitted with vast quartz countertops and chef’s appliances, opening to a large family room, warmed by a limestone-surrounded fireplace. Finishes throughout the home are classic and luxurious, including designer lighting, creamy marble and quartz, and sparkling mosaic tile accents. Perfect for elegant entertaining, the floor plan flows from indoors to out and includes a formal dining room served by a butler’s pantry for intimate gatherings. Two large, open rooms upstairs can each function as a game room or media room, expanding the entertaining options. The main-floor primary suite is a serene retreat and enjoys a large, marble-clad bath, a huge walk-in closet, and access to a covered porch. Designed with space for every need, the home also includes a large, bookcase-lined office, a huge laundry room, and a large storage closet, plus a three-car garage. Additional luxuries include a whole-house Elan AV system, high fencing, foam insulation, well water for landscaping, plus two additional storage buildings on the property. Tax and assessed values are estimates for illustration purposes only. All figures should be independently verified.

At $951/sqft, this home is priced 142% above the Austin active market average of $393/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

3604 Westlake Dr, Austin, TX 78746

Property Details

Price $5,400,000
Status Active Listing
Beds 5
Full Baths 4
Half Baths 1
Living Area 5,679 sqft
Lot Size 1.27 acres (55,451.88 sqft)
Year Built 2018
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Westview On Lake Austin Ph A A
County Travis
Zip Code 78746
$/sqft $951/sqft
Days on Market ,
HOA $550/Annually
Annual Tax Est. $37,929
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT244600919
List Date September 1, 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.

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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
3418 Mount Bonnell Cir
Balcones Park Sec 08
$5,800,000 $1,360 4 bd / 4 ba 4,266 sqft , 2026-08-19
4514 Spanish Oak Trl
Balcones Park 01
$4,995,000 $1,000 5 bd / 4 ba 4,993 sqft , 2026-09-09
2601 Buckminster Ct
West Rim
$4,950,000 $897 5 bd / 6 ba 5,521 sqft , 2026-03-06
5307 Tortuga Trl
Mount Bonnell Shores
$4,850,000 $1,257 4 bd / 6 ba 3,858 sqft , 2026-07-15
5101 Cuesta Verde Rd
Tierra Madrones
$4,595,000 $964 5 bd / 6 ba 4,765 sqft , 2026-09-04

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
$25,920/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
$1,080,000
20% conventional investment loan

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

Estimated Gross Rent+$25,920
Principal + Interest−$29,470
Property Tax (~2.1% TX avg)−$9,450
Insurance (~0.5%)−$2,250
Est. Monthly Cash Flow $-15,250

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 2, 2026.

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