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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.
Property Type
Residential
Year Built
1965
Lot Size
0.36 acres
$/Sq Ft
$695
Garage
4 spaces
Listed by Newcastle Homes
Verified property facts
311 Laurelwood TRL is listed at $1,495,000 with 3 bedrooms, 2 full bathrooms, 2,152 square feet, 0.36-acre lot.
311 Laurelwood TRL is zoned for Eanes ISD with assigned schools: Eanes (10/10) (elementary), Hill Country (9/10) (middle), Westlake (9/10) (high). School assignments should be verified directly with the district.
311 Laurelwood TRL is in Westlake Hills, Austin, Texas. See the full [Westlake Hills neighborhood guide](/neighborhoods/westlake-hills-austin) for market data, schools, and lifestyle details.
311 Laurelwood TRL is a Residential built in 1965 featuring 3 bedrooms, 2 full bathrooms, 2,152 square feet, 0.36-acre lot.
311 Laurelwood TRL is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Waterfront
Listing timeline with current price, original ask, and market time.
Public record data from county appraisal records. Market value can differ from assessed value.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-30.2% | — | $1,277,280 | — | — |
2024+5.5% | — | $1,830,891 | $1,000,000 | $387,422 |
2023+40.9% | — | $1,735,621 | $1,000,000 | $830,891 |
2022 | — | $1,232,073 | $1,000,000 | $735,621 |
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility. Ratings from GreatSchools.org.
20% ($299K)
$1,495,000
Luxury property intelligence
A sourced read on Westlake Hills pricing, timing, and property scale. No automated valuation claim.
List price
$1,495,000
Price per sqft
$695/sqft
Vs. Westlake Hills median
-36.4%
$2.4M median
Days on market
401 days
Original to current
No verified reduction
$1.5M original
Active inventory context
17 listings
Price Position in Westlake Hills
Listed 36% below the Westlake Hills median
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 5, 2026.
Request Private Market AnalysisLifestyle, schools, market context, and homes in Westlake Hills
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Pricing, prep, launch timing, and Compass marketing strategy
#1 ABOR Team 2024 with $1B+ career sales volume
311 Laurelwood TRL is priced at $695 per square foot across 2,152 sqft. The Westlake Hills median list price is $2,351,000.
The most recent annual property tax for 311 Laurelwood TRL is $20,400. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.
With 20% down ($299,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 311 Laurelwood TRL is around $9,457 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $1,495,000, 311 Laurelwood TRL is in the Westlake Hills market where there are currently 110 active listings in 78746. The Keenan Group has completed 19 transactions in 78746 as part of 1,000+ career sales totaling $1B+ across Austin. For a detailed market analysis, see our [Westlake Hills guide](/neighborhoods/westlake-hills-austin).
311 Laurelwood TRL was built in 1965 (61 years ago). Buyers should budget for potential updates to major systems.
311 Laurelwood TRL includes verified waterfront access: None. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Westlake Hills is one of Austin's established neighborhoods, zoned for Eanes ISD in the 78746 area. The Keenan Group has specialized in Westlake Hills real estate for 25+ years with 1,000+ career transactions. Contact (512) 415-7653 for current market conditions and available homes.
Source: Keenan Group at Compass Real Estate, #1 Austin Board of Realtors Team (2024)
Somewhat Walkable
Minimal Transit
Somewhat Bikeable
Walk Score measures walkability based on distance to amenities. Transit Score measures public transportation access. Bike Score measures bikeability based on bike infrastructure and terrain.
7 events on record
Current Price
$1,495,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-30.2% | — | $1,277,280 | — | — |
2024+5.5% | — | $1,830,891 | $1,000,000 | $387,422 |
2023+40.9% | — | $1,735,621 | $1,000,000 | $830,891 |
2022 | — | $1,232,073 | $1,000,000 | $735,621 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
Neighborhood guide and local insights
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.
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