Project DetailsWhat we know about The Overlook at Westlake
| Detail |
Information |
| Developer |
MileStone Community Builders |
| Number of homes |
48 luxury homes |
| Price range |
$2.85M to $5M |
| Expected move-ins |
Late 2026 |
| School district |
Eanes ISD — full school district premium from day one |
| Location |
Westlake Hills, Travis County, TX |
Buyer ConsiderationsWhat buyers should evaluate before committing to The Overlook
| 01 |
New construction vs the resale alternative
At $2.85M–$5M, The Overlook competes directly with Westlake resale homes in the same price range. New construction offers: builder warranty, modern floor plans and systems, no deferred maintenance, and immediate move-in without surprises. Resale offers: established lot, mature trees, known neighborhood character, and potentially more negotiating room in the current market. The decision comes down to whether the new construction premium is worth what you trade in established lot character. Our new construction vs resale guide covers this comparison in detail. |
| 02 |
Builder contract terms — always have representation
Builder contracts are written to protect the builder, not the buyer. They typically include one-sided provisions on construction timelines, finish selection substitutions, and warranty limitations that a standard resale contract does not contain. Buyers should always have independent legal review of the purchase and sale agreement and should always work with a buyer’s agent rather than using the builder’s on-site sales representative as their only representation. The on-site representative works for the builder. |
| 03 |
Verify the exact Eanes ISD campus assignment
Being inside Eanes ISD is confirmed, but the specific elementary school assignment for the development’s address should be independently verified with the Eanes ISD district office before purchase. Campus assignment determines which school your children attend and is a primary driver of value within the Eanes ISD premium. Different assignments carry meaningfully different demand levels within the district. |
FAQThe Overlook at Westlake — common questions
Is The Overlook at Westlake a good investment?
In addition, the combination of a new construction product inside Eanes ISD on a scarce Westlake Hills address is a fundamentally sound long-term position. New construction in this location does not recur frequently, and the Eanes ISD premium has historically held through market cycles. The investment quality of any specific lot within The Overlook depends on its elevation, view, and campus assignment — variables that differ significantly across 48 homes.
How does The Overlook price compare to resale Westlake homes?
At $2.85M–$5M, The Overlook overlaps with the mainstream Westlake resale market. In the current buyer’s market, resale homes at comparable prices may offer more negotiating room than builder pricing, which tends to be firmer on base price while offering design incentives. Buyers should compare total landed cost including upgrades and lot premium, not just base price.
When will The Overlook at Westlake be ready?
In fact, move-ins at The Overlook at Westlake are expected in late 2026, per MileStone Community Builders. As with all builder timelines, this is subject to construction progress and material availability. Generally, buyers who purchase pre-completion should build flexibility into their housing plans for the move-in window.
In fact, the Overlook at Westlake is the most significant new construction opportunity in Westlake Hills in years — 48 homes from $2.85M to $5M inside Eanes ISD on one of Austin’s most sought-after addresses. In addition, new construction at this location is genuinely rare: almost no undeveloped land remains in West Lake Hills, making this a non-recurring opportunity for buyers who want a builder warranty, modern construction, and the Eanes ISD premium in a new product. Buyers considering The Overlook should evaluate it against resale alternatives, have independent representation with the builder, and verify campus assignment before committing. For current figures, see Redfin’s 78746 housing market data, which put the September 2026 median near $1.56M.
New construction inside Eanes ISD in Westlake Hills does not come to market often — and when it does, the buyers who prepared before launch are better positioned than those who arrive after the best lots are committed.
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