Active Listing  ·  49 days on market

601 Westwood Ter

Austin, TX 78746
$2,650,000
4 Bed 4 Bath 4,018 sqft $660/sqft Built 1968 0.33 acres 2-Car Garage Pool Westwood Sec 03

Rare opportunity in Westwood, one of Westlake’s most sought-after neighborhoods, ideally positioned between Rollingwood and West Lake Hills. Located in unincorporated Travis County with an exceptionally low 1.4% tax rate and zoned to acclaimed Eanes ISD, 601 Westwood Terrace offers an exceptional combination of location, privacy, flexibility, and value.

Set on a beautiful one-third-acre lot shaded by mature trees, the property feels private and tucked away while remaining just minutes from downtown Austin. Nearby Eanes ISD schools are easily accessible by bike or on foot, adding to the convenience of this coveted location.

The flexible floor plan offers 4 bedrooms and 4 full baths, including 3 bedrooms and 2 full baths on the main level. Upstairs, the private primary retreat feels like a treehouse among the treetops, with a spacious bedroom, en-suite bath, large walk-in closet, and adjoining flex space ideal for a home office, gym, nursery, studio, or sitting room.

The walkout lower level adds another layer of versatility with a generous bonus room featuring an entire wall of built-in desks, plus a full bath. The space works equally well as a media room, game room, home office, homework zone, guest retreat, or creative space.

Designed for indoor-outdoor living, the kitchen opens to an expansive patio overlooking the pool and spa, creating a natural extension of the living space for entertaining, dining outdoors, or relaxing beneath the canopy of mature trees.

The timeless layout provides the opportunity to enjoy the house as it is today or personalize it over time.

With its premier Westwood location, low tax rate, Eanes ISD schools, beautiful one-third-acre setting, pool and spa, and remarkably flexible floor plan, 601 Westwood Terrace offers a compelling opportunity in one of Westlake’s most established and desirable neighborhoods.

At $660/sqft, this home is priced 68% 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

601 Westwood Ter, Austin, TX 78746

Property Details

Price $2,650,000
Status Active Listing
Beds 4
Full Baths 4
Half Baths ,
Living Area 4,018 sqft
Lot Size 0.33 acres (14,248.48 sqft)
Year Built 1968
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Westwood Sec 03
County Travis
Zip Code 78746
$/sqft $660/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $32,106.75
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241567790
List Date August 5, 2026
Elementary School Eanes
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
500 Laurel Valley Rd
Stonehedge Estates
$2,650,000 $712 4 bd / 5 ba 3,723 sqft , 2026-07-03
3613 Pinnacle Rd
Rolling Hills West Sec 02
$2,499,950 $896 4 bd / 3 ba 2,790 sqft , 2026-09-04
3607 Ripple Creek Dr
Rolling Hills West
$3,100,000 $671 4 bd / 4 ba 4,621 sqft , 2026-09-10
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
$12,720/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
$530,000
20% conventional investment loan

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

Estimated Gross Rent+$12,720
Principal + Interest−$14,462
Property Tax (~2.1% TX avg)−$4,638
Insurance (~0.5%)−$1,104
Est. Monthly Cash Flow $-7,484

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 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 20, 2026.

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