47 WATERFALL DR, The Hills TX 78738
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About This Property
Prime Location on The Hills Signature Golf Course, this exceptional 4,547-square-foot custom-built Sterling Home offers breathtaking panoramic views of two fairways and two holes, with the iconic #7 Waterfall Hole directly across the street—ranked among the top 10 most beautiful golf holes in Texas. Ideally situated within a short walk of both clubhouses, this extraordinary property offers an unparalleled combination of luxury, privacy and convenience.
Designed for both sophisticated living and effortless entertaining, the home features two expansive covered terraces overlooking the championship Jack Nicklaus-designed Hills Signature Course. The outdoor living spaces are complemented by a stunning infinity-edge pool and outdoor kitchen, creating the perfect setting for entertaining or enjoying spectacular Hill Country sunsets.
The thoughtfully designed interior includes five bedrooms, four full bathrooms, a main-level primary suite with direct access to the outdoor patio, a second bedroom and full bath on the main level, soaring ceilings, large picturesque windows, a spacious media room with wet bar, and a versatile flex room. A brand-new dog run adds to the home's thoughtful amenities.
Residents of The Hills of Lakeway enjoy access to an impressive 72 holes of golf, including two Jack Nicklaus championship courses, along with the beauty of the Texas Hill Country and convenient proximity to boating on Lake Travis. Located within the exemplary Lake Travis ISD and less than 30 miles from Austin-Bergstrom International Airport and downtown Austin, this remarkable property offers an exceptional Hill Country lifestyle in one of Lakeway's most desirable neighborhood.
Property Highlights
Features
- Bookcases
- Breakfast Bar
- Ceiling Fan(s)
- Beamed Ceilings
- Double Vanity
- Electric Dryer Hookup
- Eat-in Kitchen
- Entrance Foyer
- Kitchen Island
- Multiple Living Areas
- Pantry
- Primary Bedroom on Main
- Recessed Lighting
- Study/Home Office
- Walk-In Closet(s)
- Washer Hookup
Location
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Schools
Property Details
HOA & Community
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* Estimate only. Does not include HOA fees, PMI, or other costs.
This property has HOA fees of $650/semi-annually.
Tax Information
Listing History
| Sep 21, 2026 | Pending | ||
| Sep 18, 2026 | Off Market | ||
| Aug 29, 2026 | Listed | $1,460,000 |
| Apr 1, 2025 | Off Market | ||
| Mar 6, 2025 | Listed | $1,349,000 |
| Aug 30, 2024 | Off Market | ||
| Feb 9, 2024 | Listed | $1,675,000 |
| Aug 24, 2012 | Off Market | ||
| May 21, 2012 | Listed | $649,900 |
| May 5, 2003 | Off Market | ||
| Mar 28, 2003 | Listed | $6,500 |
Frequently Asked Questions About 47 WATERFALL DR, The Hills TX 78738
When was 47 WATERFALL DR, The Hills TX 78738 built?
47 WATERFALL DR, The Hills TX 78738 was built in 1993.
How much does 47 WATERFALL DR, The Hills TX 78738 cost?
47 WATERFALL DR, The Hills TX 78738 is currently under contract with a list price of $1,460,000.
How many bedrooms and bathrooms does 47 WATERFALL DR, The Hills TX 78738 have?
47 WATERFALL DR, The Hills TX 78738 has 5 bedrooms and 4 bathrooms (4 full) with 4,547 square feet of living space.
What school district is 47 WATERFALL DR, The Hills TX 78738 in?
47 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 47 WATERFALL DR, The Hills TX 78738 have an HOA?
Yes, 47 WATERFALL DR, The Hills TX 78738 has an HOA fee of $650 per semi-annually. The HOA includes common area maintenance, security.
What are the property taxes on 47 WATERFALL DR, The Hills TX 78738?
The annual property taxes on 47 WATERFALL DR, The Hills TX 78738 are $22,742 (as of 2026).
How big is the lot at 47 WATERFALL DR, The Hills TX 78738?
The lot at 47 WATERFALL DR, The Hills TX 78738 is 0.168 acres, and the home has 4,547 square feet of living space.
What type of property is 47 WATERFALL DR, The Hills TX 78738?
47 WATERFALL DR, The Hills TX 78738 is a residential property.
Does 47 WATERFALL DR, The Hills TX 78738 have a garage?
Yes, 47 WATERFALL DR, The Hills TX 78738 has a 2-car garage.
Does 47 WATERFALL DR, The Hills TX 78738 have a pool?
Yes, 47 WATERFALL DR, The Hills TX 78738 has a pool. Pool features include in ground.
What subdivision is 47 WATERFALL DR, The Hills TX 78738 in?
47 WATERFALL DR, The Hills TX 78738 is located in the Hills Lakeway subdivision in The Hills, TX.
How long was 47 WATERFALL DR, The Hills TX 78738 on the market?
47 WATERFALL DR, The Hills TX 78738 was on the market for 20 days, listed on August 29, 2026.
What heating and cooling does 47 WATERFALL DR, The Hills TX 78738 have?
47 WATERFALL DR, The Hills TX 78738 has central heating and central air cooling.
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