Active Listing  ·  68 days on market

468 Spiller Ln

West Lake Hills, TX 78746
$1,600,000
4 Bed 2 Bath 3,551 sqft $451/sqft Built 1980 1.09 acres Pool Spiller Hill Acres

Perched in the heart of prestigious West Lake Hills, this exceptional 4-bedroom, 2-bathroom home offers breathtaking panoramic views of the Austin skyline and the Texas Hill Country. Surrounded by mature trees, the property provides a peaceful, private retreat while remaining just minutes from the city's best amenities. Natural light fills the inviting living spaces, creating a warm and welcoming atmosphere that's perfect for everyday living and entertaining alike.

Ideally located in the highly acclaimed Eanes ISD, this home is just minutes from Westlake Beach, Red Bud Isle, and the scenic hiking trails of Wild Basin Wilderness Preserve. Enjoy quick access to Downtown Austin, Zilker Park, Barton Springs Pool, Lady Bird Lake, and the shopping and dining destinations of Bee Cave Road and Davenport Village. Experience the perfect balance of privacy, stunning views, and unbeatable convenience in one of Austin's most sought-after communities.

At $451/sqft, this home is 37% below the West Lake Hills active market average of $712/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

468 Spiller Ln, West Lake Hills, TX 78746

Property Details

Price $1,600,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 3,551 sqft
Lot Size 1.09 acres (47,480.4 sqft)
Year Built 1980
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Spiller Hill Acres
County Travis
Zip Code 78746
$/sqft $451/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $25,182
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239268547
List Date July 16, 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.

Schedule a Call →

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
1302 Circle Ridge Dr
Alpine Slopes
$1,700,000 $373 5 bd / 6 ba 4,552 sqft , 2026-09-09
501 Westbrook Dr
Westwood Sec 07
$1,950,000 $773 4 bd / 5 ba 2,523 sqft , 2026-08-11
1201 Silver Hill Dr
Rolling Hills West
$1,995,000 $468 5 bd / 5 ba 4,265 sqft , 2026-06-26

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
$7,680/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
$320,000
20% conventional investment loan

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

Estimated Gross Rent+$7,680
Principal + Interest−$8,732
Property Tax (~2.1% TX avg)−$2,800
Insurance (~0.5%)−$667
Est. Monthly Cash Flow $-4,519

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 July 17, 2026.

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