
4 bed, 4 bath, 3,489 sqft on 0.57 acres in Highland Park West. Austin, TX 78731. $2,575,000. Austin ISD.
A rare combination of space, privacy, design and single-story living in Highland Park West. Set on .56 acres, this beautifully reimagined custom home offers something increasingly difficult to find this close to Central Austin: an expansive, level backyard shaded by magnificent mature oaks, with exceptional privacy and multiple outdoor living spaces.
Taken down to the studs and rebuilt with an addition in 2022, the home was designed by a notable California-based architecture and design firm with an emphasis on quality, natural light and indoor-outdoor connection. A landscape architect designed the exterior to complement the interiors, with multiple doors connecting living spaces to the patios, pool and landscape.
The single-level floor plan has no interior steps and thoughtful details throughout. The kitchen features custom white oak cabinetry, Quartz countertops, Sub-Zero refrigerator and freezer and a Wolf 6-burner range with griddle. The owner's suite includes a Carrera marble shower, double vanities, heated herringbone tile floors and three closets. A guest bedroom features windows sourced from the UT Texas Student Union, adding a unique piece of Austin history.
The private backyard features a custom pool with fountains and perimeter bench seating, oversized spa/hot tub, summer kitchen, outdoor shower, pergolas, Trex decking, 6-foot gas firepit, imported Italian tile, landscape lighting and multiple areas for dining and relaxing beneath the trees. Beyond the main backyard is an additional fenced yard included with the property, providing even more usable outdoor space and privacy. A discreet firewall and pool bath are integrated into the design.
Walkable to Highland Park Elementary and minutes from Central Austin, this is a rare opportunity for exceptional space, privacy and thoughtful design. An oversized garage with commercial-grade door and EV charging station completes the property.
At 4703 Highland Terrace in Highland Park West, a 2022 custom home sits on half an acre of mature oak-shaded land just steps from Highland Park Elementary School in the Austin ISD 78731 zip code. This single-story residence was entirely rebuilt from the foundation up by a California architecture firm, gutted to the studs and reconstructed to create a seamless connection between interior and landscape, with no interior steps throughout the 3,489 square feet.
The design centers on accessibility and entertaining. The open floor plan anchors around a gourmet kitchen with white oak cabinetry, Quartz countertops, Wolf 6-burner cooktop with griddle, Sub-Zero refrigerator, and a porcelain tile backsplash. The kitchen flows directly into multiple living areas and outdoor spaces, eliminating traditional walls that separate cooking from gathering. Vaulted ceilings and recessed lighting amplify the sense of space, while beamed ceilings ground the architecture in texture and warmth.
Material choices throughout reflect purposeful restraint. Brick and HardiPlank exterior walls weather gracefully on the home's facades. Interior flooring transitions between wood, tile, and brick depending on zone and function. The primary suite features Carrera marble in the shower, heated herringbone tile floors, porcelain double vanities, and three walk-in closets. A guest bedroom incorporates salvaged windows from the UT Texas Student Union, embedding local architectural history directly into the home's character.
Outdoor living dominates the back half of the property. A full outdoor kitchen, pergolas, Trex decking, resort-style pool with fountains and Italian tile, oversized hot tub, and a 6-foot gas firepit create distinct zones for entertaining and daily retreat. Large mature trees over 40 feet tall frame nearly every window, creating a private enclave despite the central Highland Park West location.
The home offers two primary closets, a wet bar, tankless water heater, EV charging in the 2-car garage, and automatic sprinkler system across the landscaped lot. Walkability to Central Austin restaurants, shopping, and parks along with proximity to Lamar Middle School and McCallum High School makes this one of the few genuinely accessible luxury homes in this neighborhood. At $767 per square foot, the property represents a fully rebuilt, design-forward alternative to typical Highland Park inventory.
Keenan Luxury Market Index: $2M-$3M single-family homes across the Austin area sold at a median $601 per sq ft over the trailing 12 months (379 sales), as of October 15, 2026.
Highland Park West has the highest concentration of original mid-century ranch homes still standing in any Austin neighborhood west of MoPac. While other areas have torn down their 1950s houses to build new, Highland Park West has largely preserved its character, and that combination of period homes, big lots, and a live oak canopy with 60 years of growth gives the neighborhood a feel that no new construction can reproduce.
Highland Park West sits between MoPac to the east, Mount Bonnell and Lake Austin to the west, Bull Creek Road to the north, and Balcones Drive to the south. Downtown is about 12 minutes south on MoPac. The 35th Street corridor provides walkable access to Central Market, Tiny Boxwoods, and local shops. Mount Bonnell Road runs along the western edge, giving direct access to one of Austin's most iconic overlooks. The location is genuinely central - equidistant from downtown, the Domain, and the Arboretum.
Mid-Century Ranch homes account for roughly 45% of stock, defining the neighborhood's identity. These are single-story, three- and four-bedroom homes built between 1950 and 1970, typically 1,500 to 2,500 square feet on quarter-acre to half-acre lots. Many retain original rooflines, stone fireplaces, and terrazzo floors. Updated Ranch homes with modernized interiors make up about 25% and represent the sweet spot for buyers wanting character without a full renovation. Modern Hill Country builds account for 15%. Pricing starts around $800,000 for unrenovated originals and reaches $2 million for updated homes on premium greenbelt lots.
Highland Park West is served by Austin ISD. Casis Elementary draws families from across west Austin and consistently ranks among the district's top elementary schools. O. Henry Middle School continues the pipeline, and Austin High School completes it. Austin High's central location and strong college placement make it a draw for families wanting quality public education. Many Casis families walk to school along shaded residential streets, adding to the community feel.
The lifestyle is defined by what it is not. It is not a see-and-be-seen neighborhood. Streets curve with the terrain rather than following a grid, and lots are large enough that houses feel spaced apart. Perry Park and Dellana Park provide green space. Mount Bonnell and Mayfield Park are within five minutes. Bull Creek Greenbelt is accessible from the northern edge. For dining, Chez Zee has served comfort food on Balcones Drive for decades. Tiny Boxwoods brings its garden-setting farm-to-table concept. Postino in Bryker Woods does wine and bruschetta. Eldorado Cafe handles Tex-Mex. Bartlett's offers steaks and an old-school bar. Central Market on North Lamar serves as the de facto town square.
Highland Park West threads the needle between Tarrytown's higher prices and Rosedale's more modest scale. It offers larger lots and more character than Northwest Hills' production builds. It is more affordable than the Eanes ISD neighborhoods across MoPac. And it has a more residential feel than Clarksville, which has absorbed more commercial development. The main consideration is that many original homes need meaningful investment - new roofs, updated electrical, HVAC replacement, and kitchen renovations.
Highland Park West fits buyers who value architectural character and mature landscaping over new construction. It works for families wanting Casis Elementary and Austin High without the Tarrytown premium. It suits people who want proximity to downtown but prefer quiet, curving streets. And it draws buyers who appreciate mid-century design and want a home that feels like Austin rather than a suburb. If you need a brand-new kitchen and a four-car garage, you will pay a renovation premium. But if you want to live under a canopy of live oaks in a neighborhood that has resisted tearing everything down, Highland Park West is one of the few central Austin places where that is still possible.
School District: Austin ISD
View Highland Park West neighborhood guideVerified property facts
4703 Highland Ter is listed at $2,575,000 with 4 bedrooms, 4 full bathrooms, 3,489 square feet, 0.57-acre lot. This places it above the ZIP 78731 single-family closed-sale median price of $1,209,000 (ZIP 78731 geography · single-family closed sales · median sale price · trailing 12 months as of Oct 15, 2026).
4703 Highland Ter is zoned for Austin ISD with assigned schools: Highland Park (elementary), Lamar (Austin ISD) (middle), McCallum (high). School assignments should be verified directly with the district.
4703 Highland Ter is a Residential built in 2022 featuring 4 bedrooms, 4 full bathrooms, 3,489 square feet, 0.57-acre lot.
4703 Highland Ter is priced at $738 per square foot across 3,489 sqft. The Highland Park West neighborhood guide reference price is $1,600,000 (Highland Park West neighborhood guide · reference price).
#1 Austin Board of Realtors Team. 1,000+ homes sold and $1B+ in career sales over 25+ years in Austin.
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Listing information last updated October 10, 2026.
Listed by Ivy Residential Group, LLC.
MLS# 6886677 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
3 records on file
Every recorded listing, sale, and lease at 4703 Highland TER, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Price Change 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+43.0% | — | $2,254,543 | — | — |
2024+21.3% | — | $1,576,317 | $735,000 | $947,302 |
2023+22.9% | — | $1,299,326 | $630,000 | $946,317 |
2022+5.6% | — | $1,057,005 | $630,000 | $669,326 |
2021 | — | $1,001,000 | $315,000 | $742,005 |
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.
20% ($515K)
Adjustable assumption - not a lending recommendation.
$2,575,000
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A sourced read on Highland Park West pricing, timing, and property scale. No automated valuation claim.
List price
$2,575,000
Price per sqft
$738/sqft
Vs. Neighborhood guide reference price
+60.9%
$1.6M · Highland Park West neighborhood guide · reference price
Days on market
140 days
Original to current
$100K reduction
$2.7M original
Active inventory context
2 listings
Price Position in Highland Park West
Listed 61% above the Highland Park West neighborhood guide reference price. Highland Park West neighborhood guide · reference price.
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 15, 2026.
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The most recent annual property tax for 4703 Highland Ter is $29,243. 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.
This page does not assume a mortgage rate or publish a monthly payment for 4703 Highland Ter. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
As of Oct 15, 2026, 4703 Highland Ter is offered at $2,575,000. The current MLS snapshot shows 58 active listings in 78731. Keenan Group has completed 91 verified transactions in 78731 within its 1,000+ completed transactions and $1B+ career volume across Austin. See Keenan Group's Highland Park West guide for current neighborhood analysis.
4703 Highland Ter was built in 2022, making it 4 years old with relatively recent construction.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Highland Park West is one of Austin's established neighborhoods, zoned for Austin ISD in the 78731 area. The Keenan Group has specialized in Highland Park West 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)
Homes sold by Keenan Group.
11 events on record
Current Price
$2,575,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025+43.0% | — | $2,254,543 | — | — |
2024+21.3% | — | $1,576,317 | $735,000 | $947,302 |
2023+22.9% | — | $1,299,326 | $630,000 | $946,317 |
2022+5.6% | — | $1,057,005 | $630,000 | $669,326 |
2021 | — | $1,001,000 | $315,000 | $742,005 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
| Address | Offered At |
|---|---|
| 6428 Williams Ridge Way | $2.50M |
| 6109 Mountain Villa Cir | $3.20M |
| 6905 Ladera Norte | $1.90M |
| 4607 Balcones DR | $1.50M |
| 7218 Valburn DR | $3.27M |
| 7311 Running Rope | $2.50M |
| 7602 Rim CV | $1.98M |
| 7604 Rustling RD | $1.35M |
Comparable homes that recently closed in this area
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Near This Home
Active listings in the same neighborhood or ZIP search area. More homes in Highland Park West
Neighborhood guide and local insights
Highland Park West has the highest concentration of original mid-century ranch homes still standing in any Austin neighborhood west of MoPac. While other areas have torn down their 1950s houses to build new, Highland Park West has largely preserved its character, and that combination of period homes, big lots, and a live oak canopy with 60 years of growth gives the neighborhood a feel that no new construction can reproduce. Highland Park West sits between MoPac to the east, Mount Bonnell and Lake Austin to the west, Bull Creek Road to the north, and Balcones Drive to the south. Downtown is about 12 minutes south on MoPac. The 35th Street corridor provides walkable access to Central Market, Tiny Boxwoods, and local shops. Mount Bonnell Road runs along the western edge, giving direct access to one of Austin's most iconic overlooks. The location is genuinely central - equidistant from downtown, the Domain, and the Arboretum. Mid-Century Ranch homes account for roughly 45% of stock, defining the neighborhood's identity. These are single-story, three- and four-bedroom homes built between 1950 and 1970, typically 1,500 to 2,500 square feet on quarter-acre to half-acre lots. Many retain original rooflines, stone fireplaces, and terrazzo floors. Updated Ranch homes with modernized interiors make up about 25% and represent the sweet spot for buyers wanting character without a full renovation. Modern Hill Country builds account for 15%. Pricing starts around $800,000 for unrenovated originals and reaches $2 million for updated homes on premium greenbelt lots. Highland Park West is served by Austin ISD. Casis Elementary draws families from across west Austin and consistently ranks among the district's top elementary schools. O. Henry Middle School continues the pipeline, and Austin High School completes it. Austin High's central location and strong college placement make it a draw for families wanting quality public education. Many Casis families walk to school along shaded residential streets, adding to the community feel. The lifestyle is defined by what it is not. It is not a see-and-be-seen neighborhood. Streets curve with the terrain rather than following a grid, and lots are large enough that houses feel spaced apart. Perry Park and Dellana Park provide green space. Mount Bonnell and Mayfield Park are within five minutes. Bull Creek Greenbelt is accessible from the northern edge. For dining, Chez Zee has served comfort food on Balcones Drive for decades. Tiny Boxwoods brings its garden-setting farm-to-table concept. Postino in Bryker Woods does wine and bruschetta. Eldorado Cafe handles Tex-Mex. Bartlett's offers steaks and an old-school bar. Central Market on North Lamar serves as the de facto town square. Highland Park West threads the needle between Tarrytown's higher prices and Rosedale's more modest scale. It offers larger lots and more character than Northwest Hills' production builds. It is more affordable than the Eanes ISD neighborhoods across MoPac. And it has a more residential feel than Clarksville, which has absorbed more commercial development. The main consideration is that many original homes need meaningful investment - new roofs, updated electrical, HVAC replacement, and kitchen renovations. Highland Park West fits buyers who value architectural character and mature landscaping over new construction. It works for families wanting Casis Elementary and Austin High without the Tarrytown premium. It suits people who want proximity to downtown but prefer quiet, curving streets. And it draws buyers who appreciate mid-century design and want a home that feels like Austin rather than a suburb. If you need a brand-new kitchen and a four-car garage, you will pay a renovation premium. But if you want to live under a canopy of live oaks in a neighborhood that has resisted tearing everything down, Highland Park West is one of the few central Austin places where that is still possible.
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