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$1,149,000

205 W Spring Dr, West Lake Hills, TX, 78746

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,573 Sq Ft
price_per_sqft$603.31 / sqft
Year BuiltBuilt in 1968

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1.75Bathrooms Full 1.75
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesBuilt In Gas Range, Dryer, Free Standing Refrigerator, Washer
FlooringTile, Wood

Exterior

Exterior FeaturesPrivate Yard
Lot Size12,245 sqft

Building Information

Year Built1968
Stories1
Roof Type183
Garage Spaces2

Land Information

APN01131509080000
Lot Number15
SubdivisionWestlake Park
Land UseResidential
Legal DescriptionLOT 15 WESTLAKE PARK
Census Tract001918
Assessed Land Value$812,219
Assessed Improvement Value$137,737
Assessment Year2025

About this property

Classic Mid Century Modern Ranch style home on large lot in the heart of West Lake Hills. Well maintained property with only 2 owners in 55 years! Complete with original Mid Century Modern details make for a timeless, yet stylish and cozy appeal. The open living room with original one inch thick pine wood paneling and original hardwood flooring, striking red brick fireplace that overlooks the oversized park-like backyard and extended stone patio. Enjoy breakfast on the patio with the birds chirping in the morning, a feel of country living just 10 minutes from downtown Austin Texas in one of the most highly desirable neighborhoods, West Lake Hills. Stroll with your neighbors and their dogs as you enjoy a 6 minute walk to Eanes Elementary School, your coffee will still be hot when you arrive! A separate room adjacent to the kitchen and 2 car garage makes for an additional room that is currently used as an office but could make for a 3rd bedroom. The primary bedroom and primary bathroom along with secondary bedroom and shared full bath are located at the opposite end of the home for complete privacy. Convenient location just minutes to DT Austin or Zilker Park. Move-in ready or renovate/redevelop to fit your needs. Several new construction projects and renovations are in progress nearby. Eanes ISD: Eanes Elementary, Hill Country Middle School, Westlake HS, and one of the lowest tax rates in Austin!

Investor Tools

Property Icon
$1,149,000
Estimated Property Value
$1,518,889Estimated Mortgage Balance
$0Estimated Equity
-32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,894 /month
Positive
Cash Flow Estimate:
$2,298 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,578/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,191
$949,956
2025
$812,219
$137,737
$949,956
No

Tax History

Year
Tax Paid
Assessed Value
2024
$13,191
$949,956

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
N/A
Unknown
$600,000
No
First
Jul 7, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$2,692,861
N/A
0%
234%
$16,421/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: West Lake Hills

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205 W Spring Dr | Property Details | No Agent List