2 WATERFALL DR, The Hills TX 78738

The Hills, TX 78738 | HILLS OF LAKEWAY PHS 4 THE

$884,999 $279/sqft
4 Beds
4 Baths 4 Full
3,169 Sq Ft
0.31 Acres
2001 Built
2 Garage

About This Property

Discover the charm and comfort of this custom home nestled in the desirable gated Hills of Lakeway! Situated on almost a third of an acre with full of mature trees, this 4-bedroom home offers lots of privacy along with generous living spaces and timeless appeal. Upon entering the home, you will find a designer stair rail and high ceilings for a dramatic entrance, as well as soaring ceilings in the great room that create an impressive sense of openness. And the large abundant windows invite natural light throughout the home. The thoughtfully designed floorplan features inviting living and dining areas, plus a versatile bonus room upstairs perfect for a game room, media room, office space, or simply additional living space. Retreat to the spacious primary suite, complete with a large walk-in closet and an expansive bathroom featuring 2 separate vanities and a soaking tub. Additionally, each of the additional 3 bedrooms has a full bathroom within or adjacent to the room. Outside, enjoy the privacy of your own backyard offering room to relax and/or entertain on the large stone patio. With its custom-home character, desirable corner-lot setting and sought-after Hills of Lakeway location, this property offers a wonderful opportunity to enjoy the Lakeway lifestyle. In addition to being inside a premier golf community, there is easy access to tennis, fitness, shopping, dining, and Lake. Travis ISD schools!

Property Highlights

View Hill Country

Features

  • Breakfast Bar
  • Entrance Foyer
  • High Ceilings
  • Primary Bedroom on Main
  • Pantry
  • Walk-In Closet(s)
  • Multiple Living Areas
  • Study/Home Office

Location

Schools

School District Lake Travis ISD
Elementary Lakeway
Middle School Hudson Bend
High School Lake Travis

Property Details

Property Type Residential
Construction Masonry – All Sides
Roof Tile
Foundation Slab
Levels Two
Flooring Carpet, Tile
Cooling Central Air
Heating Electric, Heat Pump
Fireplace Family Room
Exterior None
County Travis
MLS # 1648884
Garage 2 spaces (Attached)
Parking 4 spaces: Attached, Garage Door Opener

Lot, Outdoor & Utilities

Lot Features Corner Lot
Patio & Porch Covered, Patio, Porch
Water Municipal Utility District (MUD)
Sewer Municipal Utility District (MUD)
Utilities Electricity Available

HOA & Community

HOA Fee $775 /Semi-Annually
HOA Name The Hills POA
HOA Includes Common Area Maintenance
Community Features Clubhouse, Pool, Sauna, Tennis Court(s)

Mortgage Calculator

Estimate your monthly payment (PITI)

$
$
%
%
Est. Monthly Payment $0
Principal & Interest $0
Property Taxes $0
Home Insurance $0

* Estimate only. Does not include HOA fees, PMI, or other costs.
This property has HOA fees of $775/semi-annually.

Tax Information

Annual Taxes (MLS) $16,675 (2026)
Assessed Value $858,017
Exemptions None

Sale Terms & Disclosures

Financing Accepted Cash, Conventional, FHA, VA Loan
Sale Type Standard
Possession Close Of Escrow

Listing History

MLS# 1648884 - Updated Oct 29, 2026 5 days
Oct 23, 2026 Listed Listing Courtesy of Keller Williams - Lake Travis - CarolSaxProperties@​gmail.com $884,999

Frequently Asked Questions About 2 WATERFALL DR, The Hills TX 78738

When was 2 WATERFALL DR, The Hills TX 78738 built?

2 WATERFALL DR, The Hills TX 78738 was built in 2001. It is masonry – all sides construction with 3,169 square feet on a 0.31 acre lot.

How much does 2 WATERFALL DR, The Hills TX 78738 cost?

2 WATERFALL DR, The Hills TX 78738 is listed for sale at $884,999. That is $279 per square foot.

How many bedrooms and bathrooms does 2 WATERFALL DR, The Hills TX 78738 have?

2 WATERFALL DR, The Hills TX 78738 has 4 bedrooms and 4 bathrooms (4 full) with 3,169 square feet of living space.

What school district is 2 WATERFALL DR, The Hills TX 78738 in?

2 WATERFALL DR, The Hills TX 78738 is in the Lake Travis ISD school district. Assigned schools include Lakeway (elementary), Hudson Bend (middle), Lake Travis (high school).

Does 2 WATERFALL DR, The Hills TX 78738 have an HOA?

Yes, 2 WATERFALL DR, The Hills TX 78738 has an HOA fee of $775 per semi-annually. The HOA includes common area maintenance.

What are the property taxes on 2 WATERFALL DR, The Hills TX 78738?

The annual property taxes on 2 WATERFALL DR, The Hills TX 78738 are $16,675 (as of 2026). The tax assessed value is $858,017.

How big is the lot at 2 WATERFALL DR, The Hills TX 78738?

The lot at 2 WATERFALL DR, The Hills TX 78738 is 0.31 acres, and the home has 3,169 square feet of living space.

What type of property is 2 WATERFALL DR, The Hills TX 78738?

2 WATERFALL DR, The Hills TX 78738 is a residential property on a slab foundation.

Does 2 WATERFALL DR, The Hills TX 78738 have a garage?

Yes, 2 WATERFALL DR, The Hills TX 78738 has a 2-car garage (attached). Parking features include attached, garage door opener.

What subdivision is 2 WATERFALL DR, The Hills TX 78738 in?

2 WATERFALL DR, The Hills TX 78738 is located in the HILLS OF LAKEWAY PHS 4 THE subdivision in The Hills, TX. Community features include clubhouse, pool, sauna, tennis court(s).

How long was 2 WATERFALL DR, The Hills TX 78738 on the market?

2 WATERFALL DR, The Hills TX 78738 was on the market for 5 days, listed on October 23, 2026.

What heating and cooling does 2 WATERFALL DR, The Hills TX 78738 have?

2 WATERFALL DR, The Hills TX 78738 has electric, heat pump heating and central air cooling.

Is 2 WATERFALL DR, The Hills TX 78738 in a MUD?

Yes. The listing reports water or sewer service from a Municipal Utility District (MUD) at 2 WATERFALL DR, The Hills TX 78738. A MUD adds its own tax rate to the property tax bill.

What are the roof and foundation at 2 WATERFALL DR, The Hills TX 78738?

The listing reports a tile roof and a slab foundation at 2 WATERFALL DR, The Hills TX 78738.

What financing does the seller of 2 WATERFALL DR, The Hills TX 78738 accept?

The listing says the seller accepts cash, conventional, fha, va loan financing.

Similar Properties

Browse More Properties

Request Tour

Contact Agent

Interested in this property?

Get more information or schedule a tour

By submitting this form, you consent to receive communications from Neuhaus Realty Group via phone, email, or text regarding your property inquiry. You may opt out at any time. Your information will not be shared. See our Privacy Policy.