4200 Rivercrest Dr, Austin, TX 78746

PERMITTED PLANS for 7,500+/- sqft HOME DESIGNED BY A PARALLEL ARCHITECTURE – VALUE IS IN THE LAND WITH OVER +/- 230’ OF LAKE AUSTIN WATERFRONT WITHIN THE PRESTIGIOUS EANES ISD. This offers a unique opportunity to build your dream home in a prime location known for its top-rated schools, tranquil surroundings, and luxurious lifestyle amenities. This incredible property on Rivercrest Drive is a prime build site – for which A Parallel Architecture has designed concept plans for a remarkable modern home. The luxurious home will feature floor-to-ceiling panoramic windows, multiple observation decks, a pool deck and outdoor kitchen, and a boat house. From the architects at A Parallel Architecture, we find extraordinary concepts for a home specifically designed for 4200 Rivercrest Drive. Dramatically bridging between a wooded cliff side and the shore of Lake Austin, this 7500+sf home spreads out over four levels to create a wide variety of indoor and outdoor living experiences. The slender profile of the building affords 180-degree lake-front views to all living spaces while facilitating abundant daylighting and cross-ventilation at every level. The home’s design has an open floor, gourmet kitchen, several spaces for living and entertaining, a primary wing, and a double-height deck. The lake-level features a game room, storage, and an expansive covered outdoor area with a kitchen, fireplace, seating area, recreational lawn, pool, spa and boat house. The house and boat dock are fully permitted by the City of Austin. The project is construction-ready, which saves a buyer years of City approval time. The cost to build the permitted house and dock plans is not included in the list price. All information contained herein deemed reliable but not guaranteed. Tax and assessed values are estimates for illustration purposes only. All figures should be independently verified.

With more than 230 feet of Lake Austin waterfront and fully permitted plans for a 7,500-plus-square-foot residence by A Parallel Architecture, 4200 Rivercrest Dr stands out as a rare construction-ready offering in Westlake Hills. This unimproved land site at 4200 Rivercrest Dr, Austin, TX 78746 in Travis County is priced at $6.00M and gives buyers something hard to find on Lake Austin: frontage, permits, and a defined architectural direction without starting the approval process from scratch.

The lot measures 0.629 acres, and the value here is clearly in the land, the waterfront, and the entitlement work already completed. The listing notes permitted house and boat dock plans through the City of Austin, which can remove a major layer of time and uncertainty for a future owner. The proposed design spans four levels and is oriented to capture broad water views, daylight, and outdoor living along the shoreline. The cost to build is not included in the asking price. Because this is land and no finished residence exists today, bed, bath, interior square footage, year built, and price per square foot are not listed in the source data.

This stretch of Rivercrest Drive places you in one of Westlake’s most established Lake Austin corridors, with quick access to Westlake Drive and Loop 360. Pennybacker Bridge is nearby, and Walsh Boat Landing is part of the everyday geography here. Downtown Austin is typically about a 15-minute drive in normal conditions, while Austin-Bergstrom International Airport is often about 25 to 30 minutes depending on traffic. That mix matters. You get direct access to a private waterfront setting without giving up practical connections to the city’s core.

The listing remarks place the property within Eanes ISD, though specific school assignments and ratings are not provided in the source data. Days on market sit at 614, which makes this an unusually visible opportunity for buyers tracking long-hold waterfront land rather than move-in-ready inventory. In a market where true Lake Austin frontage, permitting progress, and buildable scale rarely line up at the same address, this site offers a clear path to create a legacy property with lasting lifestyle appeal and durable land value.

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.