New Construction
Westlake TX — 2026
The Overlook at Westlake — 48 New Homes $2.85M–$5M Inside Eanes ISD
New construction in Westlake Hills is exceptionally rare. Here is what buyers need to know about the most significant new build opportunity in the market in years.
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Tammy Davison
REALTOR® · Realty Austin | Compass RE Texas · Published May 12, 2026
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Direct Answer
What is The Overlook at Westlake and who should be paying attention to it?
The Overlook at Westlake is a 48-home luxury development by MileStone Community Builders in Westlake Hills, priced from $2.85M to $5M, with move-ins expected in late 2026. New construction at this address and school district combination is exceptionally rare — almost no undeveloped land remains in West Lake Hills. Buyers in the $3M–$5M range who want new construction inside Eanes ISD should be following this development closely, as this opportunity is unlikely to recur in the near term.
Get Early Information on The Overlook →
Why new construction in Westlake Hills is different from new construction elsewhere. In most Austin submarkets, new construction is abundant and buyers have significant negotiating power with builders. In Westlake Hills, the situation is fundamentally different: almost no undeveloped land exists, so new construction is a once-in-years event rather than a standing option. The Overlook represents a genuine scarcity opportunity that deserves more serious evaluation than a typical builder offering.
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 alternativeAt $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 representationBuilder 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 assignmentBeing 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?
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?
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. Buyers who purchase pre-completion should build flexibility into their housing plans for the move-in window.
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. 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.
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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