5419 Petticoat Ln, Austin, TX 78746

Austin ETJ & no HOA. Beautiful canyon, hill country, and/or downtown Austin views can be enjoyed from the open and bright living areas and ipe pool deck. Some of Austin’s most exclusive multi-million dollar properties surround you along with sounds of nature and an entrance to the Wild Basin Preserve within walking distance. The extremely flexible floorplan allows for multi-generational living with two owner suites, multiple living areas, and plenty of outdoor spaces for al fresco dining underneath a terrace, kicking around a soccer ball on flat grassy areas, or roasting marshmallows around the natural fire pit. The laid back contemporary style is welcoming and warm, and the current owners have updated in a chic fashion including the owner suite with fireplace, reimagined bathroom with steam shower, and boutique-style closet. While it will be a perfect match for many, some may want to explore tweaking the property to take advantage of even more expansive downtown views at some point in time. Many updates to the open and bright kitchen include upgraded appliances, a wine refrigerator, and a built-in coffee maker. The recent addition of an 8+ vehicle car barn with oversized garage doors large enough to store boats, RVs, and/or lifts for additional car storage. This structure also houses an office and gym with the potential to add 1-2 BDRMs and a bathroom, with upgraded septic to accommodate. Exemplary Eanes ISD and only ~10 minutes to downtown Austin. This hidden gem oozes with a cool Austin vibe that's innocuous and understated from the outside, but unique and energetic on the inside.

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.