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#1 Austin Board of Realtors Team 2024#1 Austin Board of Realtors Team 2024Loading
Twice the value in a single lot! This unique and valuable property comes with rare R-2 zoning, allowing for two-family residential use - ideal for those seeking flexible living or investment potential. The extra-deep lot offers dual street access from Cooper Ln in the front and Drapers Cove in the back, opening the door to a variety of development possibilities, especially with the multi-family zoning advantage. What makes this property even more special is its location - only a handful of lots along this specific stretch of Cooper Ln carry R-2 zoning in an area otherwise zoned for single-family homes. The gentle slope of the land makes it highly buildable and will provide scenic Hill Country views once developed. Several highly desirable, large oak trees in the front and back of the property, add natural beauty and shade. Enjoy the laid-back lake lifestyle with access to an abundance of amenities: private boat ramps, a marina, pool, hiking trails, parks, tennis courts, athletic fields, pavilions, and more. Lake Travis is just two minutes away at the private property owners’ Cody Park with a boat ramp, playground and acres of lake access! Whether you're planning your dream home, a second getaway, or a short-term rental, this is a rare chance to build something truly special in a prime lakeside community.
Property Type
Land
Lot Size
0.24 acres
HOA
$200/mo
Listed by Keller Williams Realty
Property Details
Lot Features
Verified property facts
4005 Cooper Ln is zoned for Lago Vista ISD with assigned schools: Lago Vista (6/10) (elementary), Lago Vista (6/10) (middle), Lago Vista (6/10) (high). School assignments should be verified directly with the district.
4005 Cooper Ln 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.
The most recent annual property tax for 4005 Cooper Ln is $1,042. 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 ($7,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 4005 Cooper Ln is around $268 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Listing timeline with current price, original ask, and market time.
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% ($7K)
$35,000
Luxury property intelligence
A sourced read on Highland Lake Estates Sec 03 pricing, timing, and property scale. No automated valuation claim.
List price
$35,000
Price per sqft
Not available
Vs. Highland Lake Estates Sec 03 median
Not available
Days on market
408 days
Original to current
$15K reduction
$50K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of May 31, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
At $35,000, 4005 Cooper Ln is in the Highland Lake Estates Sec 03 market where there are currently 253 active listings in 78645. The Keenan Group has completed 6 transactions in 78645 as part of 1,000+ career sales totaling $1B+ across Austin.
4005 Cooper Ln is part of a managed community with HOA dues of $200 annually. HOA-managed communities in Austin's luxury market typically provide amenities such as common areas, security, and exterior maintenance. Verify current dues and rules with the HOA directly.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
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