Lot 4, Austin, TX 78746

You can’t beat the location and value of this prime close-in Westlake opportunity, located less than half a mile from Westlake High School, within walking distance to Hill Country Middle School and Cedar Creek Elementary School, and just minutes from downtown Austin. Spanning approximately 0.19 acres, this lot offers a level, buildable homesite with utilities available, ideal for a custom residence in the highly sought-after Eanes ISD. One of three available lots on Allen Rd, this property becomes even more compelling with the option to purchase the adjacent Lot 5, creating a larger combined footprint for a private estate or compound-style living in this close-in Westlake setting.

This 0.1856-acre lot on Allen Road in the Allen Terrace subdivision offers a rare chance to build your weekend escape less than half a mile from Westlake High School in Austin's most desirable Eanes ISD territory. The level, buildable homesite sits on public maintained road access with utilities available, positioning it as one of the few remaining close-in opportunities to create a custom retreat without the drive time most Austin properties demand.

The location transforms what could be a standard residential lot into an active lifestyle property. You're steps from Hill Country Middle School and Cedar Creek Elementary, but more importantly, you're minutes from downtown Austin while maintaining genuine separation from the urban center. Allen Road itself provides direct access to the Hill Country's best recreational corridors. This proximity to Westlake High School and the broader Eanes ISD schools means your compound could serve multiple generations without the typical suburban constraints.

The real advantage emerges when you consider the adjacent Lot 5, which remains available. Combining these parcels creates substantially more flexibility for the weekend compound lifestyle most Austin families envision. Whether you're planning a main residence with a guest house, recreational facilities, or simply a larger private footprint, the option to expand your buildable space elevates this from a standard lot into a genuine estate opportunity. At 1.1 million dollars for the single lot, you're capturing entry pricing on what would typically command significant premium for this Westlake location and school district assignment.

Travis County zoning and Eanes ISD placement mean any structure you build immediately positions itself in one of Austin's most stable real estate markets. The level terrain eliminates expensive grading work, and the public maintained road access removes the uncertainty of private easements that plague other close-in properties. This lot won't remain available long in a market where families actively choose Westlake High School and the surrounding Eanes schools specifically for their academic track records and community stability.

For buyers seeking to build their Austin base without relocating to the exurbs, this Allen Terrace property delivers the outdoor living potential and neighborhood prestige that define the central Texas lifestyle.

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.