
Prime Real Estate Opportunity: Build Your Dream in the Heart of Austin at 4901 West Park Drive, TX 78731 Discover the Ultimate Canvas for Your Vision. A Super Central Lot in Highland Village. Imagine owning a slice of Austin’s iconic, tree-lined charm where history meets endless potential. Welcome to 4901 West Park Drive,in the highly sought-after Highland Village. Nestled in Austin’s vibrant ZIP code 78731, this parcel is zoned for residential development offering the perfect blank slate for your custom single-family home. Claim your spot in one of Austin’s most walkable, connected enclaves. Historical Charm Meets Modern Potential: Built in the 1950s era of mid-century gems, the neighborhood blends vintage oak floors and crown molding with today’s smart-home upgrades. Clear the site or renovate – the choice is yours. Unbeatable Super Central Location: Where Convenience Meets Austin Cool  Forget long commutes – this lot puts you at the epicenter of Austin’s best. You’re minutes from everywhere in a city that’s exploding with energy: Downtown & UT Austin: Just 10-15 minutes away via easy Mopac access, perfect for Longhorn fans or urban explorers. The Domain & Arboretum: 5-10 minutes north for high-end shopping, dining, and tech hubs. Walkable Lifestyle: Stroll or bike to Burnet Road’s hotspots – gourmet eats at Pint House Pizza, Suzi’s Chinese, or Hop daddy Burger Bar. The Grove mixed-use haven (restaurants, boutiques, yoga studios) is a quick jaunt away. Nature’s Playground: Highland Park is your backyard gateway for trails, picnics, and kid-friendly play. Dive into Barton Springs or hike the Greenbelt in under 15 minutes. Plus, the Colorado River and Lady Bird Lake are a short drive for kayaking or sunset vibes.
Property Type
Land
Lot Size
0.16 acres
Listed by Select Austin Real Estate
Property Details
Lot Features
Waterfront
Verified property facts
4901 W Park DR is zoned for Austin ISD with assigned schools: Highland Park (10/10) (elementary), Lamar (Austin ISD) (middle), McCallum (8/10) (high). School assignments should be verified directly with the district.
4901 W Park DR 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 4901 W Park DR is $12,048. 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 ($127,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 4901 W Park DR is around $4,299 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.
Public record data from county appraisal records. Market value can differ from assessed value.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025+1.3% | — | $607,906 | — | — |
2024+6.4% | — | $599,914 | $522,500 | $68,343 |
2023+41.3% | — | $563,684 | $522,500 | $77,414 |
2022 | — | $398,900 | $522,500 | $41,184 |
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% ($127K)
$635,000
Luxury property intelligence
A sourced read on Highland Village Sec 01 pricing, timing, and property scale. No automated valuation claim.
List price
$635,000
Price per sqft
Not available
Vs. Highland Village Sec 01 median
Not available
Days on market
246 days
Original to current
$90K reduction
$725K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jul 25, 2026.
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Pricing, prep, launch timing, and Compass marketing strategy
#1 ABOR Team 2024 with $1B+ career sales volume
At $635,000, 4901 W Park DR is in the Highland Village Sec 01 market where there are currently 53 active listings in 78731. The Keenan Group has completed 107 transactions in 78731 as part of 1,000+ career sales totaling $1B+ across Austin.
4901 W Park DR 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.
5 events on record
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025+1.3% | — | $607,906 | — | — |
2024+6.4% | — | $599,914 | $522,500 | $68,343 |
2023+41.3% | — | $563,684 | $522,500 | $77,414 |
2022 | — | $398,900 | $522,500 | $41,184 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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