Active Listing  ·  27 days on market

38 Tiburon Dr

The Hills, TX 78738
$1,099,000
4 Bed 4 Bath 3,609 sqft $305/sqft Built 1997 0.27 acres 2-Car Garage Pool Hills Lakeway Ph 04

Beautifully positioned on a premier golf course lot. Set along the Jack Nicklaus-designed Signature Golf Course. Experience refined Hill Country living in the prestigious, guard-gated community of The Hills, where your own private pool meets the beauty of the golf course. This impressive residence pairs an inviting, thoughtfully designed interior with an exceptional outdoor setting overlooking the #3 tee box and 3rd and 4th fairways.

Here, golf course living isn't simply a view - it's the backdrop to everyday life.

This impressive 4-bedroom, 3.5-bath residence offers 3,609 square feet of thoughtfully designed living space, exceptional outdoor amenities, and picturesque golf course views.

From the moment you arrive, the home's timeless stone exterior and mature landscaping create an inviting first impression. Inside, soaring ceilings, generous room proportions, and an open, light-filled layout provide an ideal balance of elegance and everyday comfort. The spacious kitchen is designed for gathering and entertaining, featuring double ovens, an electric cooktop, abundant workspace, and an easy connection to the home's living and dining areas. A striking stone fireplace anchors the main living space, adding warmth and character.

The flexible multi-level floor plan provides wonderful separation of spaces, with two bedrooms conveniently located on the main level and additional rooms that can easily accommodate guests, a home office, game room, or private retreat.

Step outside and discover what truly sets this property apart. The private backyard feels like a personal resort, complete with an in-ground pool, outdoor kitchen, manicured lawn, mature shade trees, and expansive golf course views.

Located within one of the Lake Travis area's most established gated communities and served by acclaimed Lake Travis ISD. This is more than a beautiful home - 38 Tiburon Drive is an opportunity to enjoy The Hills lifestyle from an exceptional setting.

At $305/sqft, this home is 5% 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

38 Tiburon Dr, The Hills, TX 78738

Property Details

Price $1,099,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 3,609 sqft
Lot Size 0.27 acres (11,787.34 sqft)
Year Built 1997
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Hills Lakeway Ph 04
County Travis
Zip Code 78738
$/sqft $305/sqft
Days on Market ,
HOA $775/Semi-Annually
Annual Tax Est. $19,876.26
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT244726958
List Date August 27, 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.

Schedule a Call →

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
18 Hedgebrook Way
Hills Of Lakeway Phs 9
$1,100,000 $295 4 bd / 4 ba 3,729 sqft , 2026-06-12
13 Borello Dr
Villas At Flintrock Sec 2 Condo
$1,100,000 $376 4 bd / 3 ba 2,928 sqft , 2026-09-04
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
1 Treehaven Ln
Hills Lakeway Ph 06
$1,167,000 $362 4 bd / 4 ba 3,227 sqft , 2026-07-08

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
$5,275/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
$219,800
20% conventional investment loan

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

Estimated Gross Rent+$5,275
Principal + Interest−$5,998
Property Tax (~2.1% TX avg)−$1,923
Insurance (~0.5%)−$458
Est. Monthly Cash Flow $-3,104

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 August 31, 2026.

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