1211 Falcon Ledge Dr, Austin, TX 78746

Exceptional opportunity to build your dream home in the heart of Westlake! Situated on a generous 0.43-acre lot (approximately 18,730 square feet) in the desirable Camelot neighborhood, just outside Lost Creek, 1211 Falcon Ledge presents an exciting opportunity for builders, investors, or buyers looking to create a custom residence in one of Austin's most sought-after areas.

Recently reduced to $1,069,000 and priced with land value in mind, this property offers a compelling opportunity to reimagine the site and capitalize on its desirable location. The spacious lot features mature trees, an expansive yard, and an existing electric privacy gate, creating a private setting with excellent potential for a thoughtfully designed custom home.

Located in Travis County, outside Austin city limits, the property benefits from a low 1.4611% tax rate and is zoned to highly acclaimed Eanes ISD schools, including Forest Trail Elementary, West Ridge Middle School, and Westlake High School. Enjoy convenient access to Westlake Country Club, Lost Creek parks, shopping, dining, and downtown Austin.

An existing single-story, 3-bedroom, 2-bath residence offers the flexibility to renovate, expand, or explore new construction possibilities. Whether you're a builder seeking your next project or a buyer envisioning a custom home, this is an opportunity to secure a sizable lot in an established Westlake neighborhood at an attractive new price. Buyer to verify all building restrictions, permitting requirements, and redevelopment feasibility.

Westlake Hills is an incorporated city in Austin's 78746 ZIP code, five minutes west of downtown via Bee Caves Road. Eanes ISD - ranked #1 in Texas by Niche 2026 - draws most buyers. Median home price $2.4M, with estates from $1.2M updates to $10M+ hilltop compounds.

Roughly 1,000 total homes sit on wooded lots averaging half an acre to two acres, spread across the hills south of the Colorado River. Lost Creek, Davenport Ranch, The Oaks, and Bee Caves Woods each have a different character - from 1970s ranches on established lots to new-build Hill Country Contemporary estates with 20-foot ceilings and limestone facades.

The housing stock is in a generational transition. Original 1970s-80s ranch homes sell as teardowns at $1-2M for land alone, replaced by $3-8M contemporary builds. At any given time, 25-30 homes are actively listed. Inventory is tight, and a meaningful share of deals happen off-market through agent networks.

What defines daily life here: morning coffee at Swedish Hill, school drop-off at Eanes Elementary or Bridge Point, a trail run at Wild Basin Preserve, and dinner at Sway or Las Palomas without crossing MoPac. This is a quiet neighborhood built around schools and outdoor access, not nightlife or walkable retail. The people who live here chose it for exactly that trade-off.