1505 Terrapin Ct Unit #B, Austin, TX 78746

Location, Location, Location! Whether you are a buyer looking for the hottest location in Westlake and Eanes ISD across the street from Cedar Creek Elementary and just around the corner from both Hill Country MS and Westlake HS or an investor looking for rental income in a prime location, this property offers it all! No HOA dues. Both units are available for purchase and each is a 3 bedroom, 2.5 bath two-story with a 2-car garage and private high fenced backyard backing a green space which provides excellent privacy. The large living space on the first floor offers immense flexibly and plenty of room for dining, living and workspace all on this level. The kitchen features updated cabinetry, counters and appliances as well as a huge walk-in pantry. Upstairs you will find a gorgeous oversized primary suite with updated en suite bathroom and walk-in closet. Two additional guest rooms allow for flexibility of space with one of the rooms also being oversized. Spend time relaxing , grilling or eating outside on the large deck and offer your kids and pets a large backyard to play in. The location offers the ultimate in accessibility to all three acclaimed Eanes ISD schools while also being minutes away from the heart of Westlake retail, restaurants, fitness, coffee shops and more. And even better, this "close-in Westlake" location is just 10 minutes to downtown Austin and 15 minutes to Austin Bergstrom International Airport. The windows, siding, flooring cabinetry, countertops and plumbing and light fixtures have been updated in last 10 years. And a new roof will be installed with a full price offer! This duplex is in the final stages of being converted to condo regime where there will be no association fees and the exact acreage size will be determined after the parcels have been subdivided. Some of the photos of the yard have been “greened up” due to harsh summer heat and water rationing. Square footage has been provided by Floor Plan Graphics.

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.