Market Research Report: 406 Graciosa Cv

Background

406 Graciosa Cv is a residential property located in the Westlake Hills neighborhood of Austin, Texas. This single-family home, built in 1998, encompasses 4,092 square feet of living space and is situated on a 1.1-acre lot. The property features four bedrooms, four and a half bathrooms, a fireplace, and a spa. Its estimated market value is approximately $2.46 million, with an estimated monthly rent of $8,326.

Financials

The property has experienced fluctuations in its assessed value over recent years. In 2025, the assessed value was $2,066,847, marking a 10% increase from the previous year. In 2024, the assessed value was $1,878,952, also reflecting a 10% increase from 2023. These assessments indicate a consistent upward trend in the property's valuation.

Market Dynamics

The Westlake Hills area, where 406 Graciosa Cv is located, is known for its upscale residential properties and proximity to downtown Austin. The real estate market in this region is characterized by high demand and limited inventory, contributing to property value appreciation. Comparable properties in the vicinity, such as 405 Graciosa Cv, have been valued at over $4.5 million, indicating a robust market for high-end homes in this neighborhood.

Property Features and Appeal

The property's expansive living space, luxurious amenities, and prime location make it an attractive option for potential buyers and renters seeking upscale accommodations in Austin. Its proximity to top-rated schools, including Eanes Elementary School, Hill Country Middle School, and Westlake High School, adds to its appeal for families.