37 Waterfall DR, The Hills TX 78738
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About This Property
Best value in The Hills - more home for less: 3,814 sqft at $274/sqft, below the Hills of Lakeway median and average price per square foot and a ZERO maintenance backyard! The golf course crews handle everything beyond your Trex deck. No mowing, no landscaping - just a seamless transition from your back door to some of the most peaceful green space in Lakeway. This is back porch living at its finest! Morning sun, shaded afternoons and cool Texas evenings that make the deck a second living room most of the year!
Life at 37 Waterfall Drive is shaped as much by The Hills community as it is by the home itself. Gated, quiet and tucked into one of Lakeway's most established country club communities...this address delivers on its promise.
Inside, the layout flows naturally between open, well-defined living spaces. The kitchen anchors it all with custom cabinetry, professional-grade appliances, a built-in Sub-Zero refrigerator and a premium beverage cooler. The primary suite feels separate and settled. Three additional bedrooms flex for guests, hobbies or work from home. Plus, the dedicated office opens through French doors directly onto the Trex deck with views of the 13th hole tee box. Every space is usable, not ornamental. Two AC units (2022) with a transferable 10-year warranty and a professionally finished garage with golf cart parking round out the practical details.
Four championship golf courses, tennis, fitness, and the club are all minutes away by golf cart. Or stay home and enjoy the quiet. Living here means you can be as active or as still as you choose. Established without feeling dated. Social when you want it, peaceful when you don't. 37 Waterfall is the kind of home where weekends don't require plans, because the best parts are already right outside your door.
Features
- Built-in Features
- Ceiling Fan(s)
- High Ceilings
- Chandelier
- Granite Counters
- Quartz Counters
- Crown Molding
- Double Vanity
- Eat-in Kitchen
- Entrance Foyer
- French Doors
- Interior Steps
- Kitchen Island
- Multiple Dining Areas
- Multiple Living Areas
- Open Floorplan
- Pantry
- Primary Bedroom on Main
- Recessed Lighting
- Soaking Tub
- Study/Home Office
- Walk-In Closet(s)
Location
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Schools
Property Details
HOA & Community
Mortgage Calculator
Estimate your monthly payment (PITI)
* Estimate only. Does not include HOA fees, PMI, or other costs.
This property has HOA fees of $775/semi-annually.
Tax Information
| Year | Market Value |
|---|---|
| 2026 | $1,099,790 |
| 2025 | $1,024,024 |
| 2024 | $1,059,963 |
| 2023 | $1,103,647 |
| 2022 | $1,113,623 |
| 2021 | $700,642 |
| 2020 | $575,900 |
| 2019 | $595,000 |
| 2018 | $595,000 |
| 2017 | $626,738 |
Source: Travis Central Appraisal District (TCAD) · Travis County Tax Office
Listing History
| Jul 29, 2026 | Off Market | ||
| Jul 22, 2026 | Price Change | $1,045,000 | |
| Jun 5, 2026 | Pending | ||
| Apr 16, 2026 | Listed | Listing Courtesy of Keller Williams Realty - home@birdhome.com | $1,195,000 |
| Jan 12, 2018 | Off Market | ||
| Sep 8, 2017 | Listed | $678,900 |
Frequently Asked Questions About 37 Waterfall DR, The Hills TX 78738
When was 37 Waterfall DR, The Hills TX 78738 built?
37 Waterfall DR, The Hills TX 78738 was built in 1998.
How much does 37 Waterfall DR, The Hills TX 78738 cost?
37 Waterfall DR, The Hills TX 78738 is listed for sale at $1,045,000. That is $274 per square foot.
How many bedrooms and bathrooms does 37 Waterfall DR, The Hills TX 78738 have?
37 Waterfall DR, The Hills TX 78738 has 4 bedrooms and 4 bathrooms (3 full, 1 half) with 3,814 square feet of living space.
What school district is 37 Waterfall DR, The Hills TX 78738 in?
37 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 37 Waterfall DR, The Hills TX 78738 have an HOA?
Yes, 37 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 37 Waterfall DR, The Hills TX 78738?
The annual property taxes on 37 Waterfall DR, The Hills TX 78738 are $18,026 (as of 2025).
How big is the lot at 37 Waterfall DR, The Hills TX 78738?
The lot at 37 Waterfall DR, The Hills TX 78738 is 0.1892 acres, and the home has 3,814 square feet of living space.
What type of property is 37 Waterfall DR, The Hills TX 78738?
37 Waterfall DR, The Hills TX 78738 is a residential property.
Does 37 Waterfall DR, The Hills TX 78738 have a garage?
Yes, 37 Waterfall DR, The Hills TX 78738 has a 2-car garage.
What subdivision is 37 Waterfall DR, The Hills TX 78738 in?
37 Waterfall DR, The Hills TX 78738 is located in the Hills Lakeway subdivision in The Hills, TX.
How long was 37 Waterfall DR, The Hills TX 78738 on the market?
37 Waterfall DR, The Hills TX 78738 was on the market for 98 days, listed on April 16, 2026.
What heating and cooling does 37 Waterfall DR, The Hills TX 78738 have?
37 Waterfall DR, The Hills TX 78738 has central heating and ceiling fan(s), central air cooling.
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