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Westlake is not as terribly expensive as everyone says. There are certainly lots of 1m+ houses, but there are also $350K ones and condos. The combo of the high appraisals and taxes does make living in a $450K house more like living in a $600K house in other states. If property taxes are in your mortgage payment, for $425K house you may be looking at $800-$900 of your payment going to taxes. If you are not putting all that in escrow, you'll just pay a big tax bill (2.5% of your home value, typically) in Dec/Jan of each year.
As for utilities... it varies from area to area within Westlake. Which area are you looking in? The actual city of West Lake Hills is small but the area includes places like Davenport, Lost Creek, Rob Roy, Woods of Westlake, Barton Creek, etc. Here is how it breaks down for me:
* Electricity (City of Austin Util) - figure $300-$350 per month for a 3000 sq ft house during the hottest summer months (usually 3 mos), down to $80 during the winter when the a/c isn't running
* Gas - $25 - $80 per month (usually on the lower end, just 1 month or so in winter it might be $80)
* Water (varies by city / mud) - $25 - $70 (during the big lawn watering months)
* Garbage (varies again by city / mud) - $30 or so every 3 months for us.
* Satellite I don't know. But standard cable/internet/digital phone combo for us is $118.
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