311 Laurelwood Trl, Austin, TX 78746

311 Laurelwood is a prime close-in Westlake location with tremendous potential. At more than a third of an acre, this lot offers a large, flat building footprint, unencumbered by trees and has APPROVED building plans and septic permits already in place. This saves time, money and hassle - a true shovel-ready build or custom project for the right buyer.

The available building plans are for an elegant and thoughtful 5341 square foot estate with 6 bedrooms, 7 bathrooms, a designer kitchen, walk-in pantry, 2 laundry rooms, 2 bars, an office, 2 living areas, a 3-car garage, and generous outdoor living with a large pool/spa. If the plans are not a match, the APPROVED septic permit is transferable and modifiable, which offers tremendous value.

Zoned to Eanes Elementary, Hill Country Middle School and Westlake High School, this home feeds to some of the most prestigious schools in Austin with an extra low tax rate of just 1.47%.

The property rents well and is also an excellent candidate for renovation/expansion, including the addition of a pool.

This pocket of Westlake is just west of Rollingwood with easy access to 2244 / Bee Caves Road and MOPAC. This quiet tree-lined side street sits in a long-established neighborhood with a warm friendly tight-knit community. Kids biking, dogs walking, neighbors grilling–it’s minutes from downtown, but a world away from the city.

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.