— bed, — bath on 0.50 acres in Westlake Hills. Austin, TX 78746. $399,000. Eanes ISD.
About This Home
Unique 0.50 acre parcel tucked into a highly desirable South Austin area just off South Capital of Texas Highway (Loop 360). Surrounded by established residential and commercial properties, this tract offers a rare chance to secure land in a location where opportunities are increasingly limited.
The property is accessed by a dirt road and is heavily treed, offering privacy and a natural setting in the middle of an upscale area. Whether you're looking to land bank, explore a future build site, or secure a strategic investment hold, this parcel presents intriguing possibilities.
Utilities and development feasibility to be verified by buyer. Availability of water, wastewater, electricity, access easements, zoning, and permitted uses are unknown and subject to independent investigation.
Bring your vision and due diligence. Properties in this corridor are rare; this one is ready for someone to unlock its potential.
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.
School District: Eanes ISD
Westlake Hills luxury homes and neighborhood guide- Property Type
- Land
- Lot Size
- 0.50 acres
Listing information last updated November 3, 2026.
Listed by Buttross Properties
MLS# 8396588 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Exterior & Lot
- Lot Size
- 0.50 Acres
Financial
- Original List Price
- $399,000
Utilities
- Electricity Available
- Water Source
- Public,See Remarks
Transaction History
4 records on file
Every recorded listing, sale, and lease at 412 S Capital Of Tx Highway, whoever represented it.
- ActiveListed 2026Current price: $399,000Original list: $399,000MLS 8396588
- ExpiredListed 2024Current price: $1,000,000Original list: $1,000,000MLS 2224150
- ExpiredListed 2021Current price: $800,000Original list: $1,000,000MLS 2791007
- ExpiredListed 2018Asking rent: $1,000/moOriginal asking rent: $1,750/moMLS 1128787
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
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Price & Listing History
Listing timeline with current price, original ask, and market time.
- Current list
- $399,000
- Original list
- $399,000
- Price movement
- No verified reduction
- Listed / DOM
- Feb 17, 2026 · 260 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $44,344
- Assessment Year
- 2025
- Parcel ID
- 000000117621
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025+0.0% | — | $44,344 | $44,344 | — |
2021 | — | $44,344 | $44,344 | — |
Zoned Schools
Westlake
Hill Country
Bridge Point
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.
Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
Illustrative down payment
20% ($80K)
Adjustable assumption - not a lending recommendation.
Home price
$399,000
Loan details
Luxury property intelligence
Keenan Market Position
A sourced read on Westlake Hills pricing, timing, and property scale. No automated valuation claim.
List price
$399,000
Price per sqft
Not available
Vs. Neighborhood guide reference price
-78.7%
$1.9M · Westlake Hills neighborhood guide · reference price
Days on market
260 days
Original to current
No verified reduction
$399K original
Active inventory context
113 listings
Price Position in Westlake Hills
Listed 79% below the Westlake Hills neighborhood guide reference price. Westlake Hills neighborhood guide · reference price.
Source: MLS Grid / Unlock MLS and Keenan Group review as of Nov 4, 2026.
Request Private Market AnalysisConnect 412 S Capital Of Tx Highway to the Austin Market
Westlake Hills Neighborhood Guide
Lifestyle, schools, market context, and homes in Westlake Hills
Westlake Hills Homes for Sale
Active listings and buyer search context in Westlake Hills
78746 ZIP Guide
ZIP-level neighborhoods, schools, lifestyle, and Austin market context
Eanes ISD Schools
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Austin Home Valuation
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