— bed, — bath on 5.00 acres in Bee Cave. Austin, TX 78738. $3,500,000.
About This Home
This is a 5 Acre blank canvas in the heart of Bee Cave with 293 ft of W Highway 71 frontage.Flat level property with multiple building sites. Easy to Build.Skies the Limit! Prime location in the dynamic, high traffic, Hwy 71W growth corridor with utilities available.
Five acres of Highway 71 West frontage in Bee Cave represents one of Austin's most valuable development opportunities, with 293 feet of direct exposure to one of the region's highest-traffic commercial corridors. This blank canvas property sits in Bee Cave, positioned squarely within the explosive growth zone where major employers continue relocating westward along the Highway 71 corridor.
The land itself offers exceptional development potential. Flat, level terrain means minimal site preparation costs, and the property accommodates multiple building sites without grading complications that plague nearby parcels. Utilities are already available at the property line, eliminating one of the largest infrastructure hurdles that typically delays West Lake Hills and Bee Cave projects. The Highway 71 West location places this acreage within minutes of Dell Technologies' West Austin campus and Apple's expanding presence in the region, making it strategically positioned for commercial, mixed-use, or multi-family development targeting the tech workforce corridor.
Austin's westward expansion tells a clear story. Highway 71 West has become the preferred growth vector for office parks, retail centers, and residential developments serving the technology sector. Unlike properties further east toward Downtown or South Congress, this location avoids congestion while maintaining reasonable commute times to major employment hubs. The Eanes Independent School District serves the immediate area, supporting any residential component a developer might envision.
The market timing is direct. This is raw land in a location where demand consistently outpaces supply. Developers recognize that Highway 71 West corridor properties with Highway frontage and utility access rarely remain available. The five-acre footprint allows for flexibility - whether a single-use commercial build or a mixed-use development anchored by hospitality or office space, the site's infrastructure readiness accelerates time to market.
The asking price of $3.5 million reflects the scarcity of appropriately-sized, development-ready parcels in this corridor. For investors evaluating Austin's commercial real estate landscape, Highway 71 West has become the location metric that matters most. This property delivers exactly what the market demands: acreage, frontage, utilities, and location within the verified growth corridor where Austin's largest employers are concentrating their expansion efforts.
The numbers behind this insight
- Offered at
- $3,500,000
- Listed
- May 26, 2026
Bee Cave market
- Homes sold
- 84
- Median sale price
- $911,250
- Median price per sq ft
- $311
- Median days on market
- 38
- Homes for sale now
- 20
- Months of supply
- 2.9
Keenan Luxury Market Index: $3M-$5M single-family homes across the Austin area sold at a median $734 per sq ft over the trailing 12 months (181 sales), as of October 16, 2026.
Bee Cave was a one-stoplight town on Highway 71 as recently as 2005. Today it has its own city government, a regional shopping center, and some of the most expensive residential real estate west of downtown Austin. That speed of transformation makes it unusual even by Central Texas standards, and it explains why the community still has a slight identity split between its rural Hill Country roots and its newer suburban polish.
Bee Cave sits about 15 miles west of downtown along Highway 71, with Ranch Road 620 forming its eastern boundary and the Hill Country stretching west toward Dripping Springs. The commute downtown takes 20 to 30 minutes depending on traffic at the 71/MoPac merge. Heading north on 620 reaches Lakeway and the Lake Travis marinas. Heading south puts you on Hamilton Pool Road and some of the best swimming holes in the region. Hill Country Galleria provides most of what residents need day to day without driving into Austin proper.
Residential architecture reflects the Hill Country Contemporary style that dominates western Travis County - roughly 35% of homes feature native limestone, standing seam metal roofs, and walls of glass oriented toward canyon views. Another 25% lean Mediterranean with stucco, clay tile roofs, and courtyard entries. The remaining inventory splits between Modern Farmhouse builds and traditional ranch-style homes. Lot sizes range from quarter-acre in Falconhead to five-acre spreads in unincorporated pockets. Townhomes start in the mid-$500s, while custom builds in Spanish Oaks or Mirador regularly exceed $2 million. The median sale price has hovered near $900,000.
Lake Travis ISD serves Bee Cave, and it is one of the strongest draws for families relocating from central Austin. Bee Cave Elementary and Lake Travis Elementary feed into Lake Travis Middle School and Lake Travis High School, which competes at the 6A level in athletics and has strong fine arts programs. The district's tax rate is competitive with Eanes ISD, and elementary test scores consistently place in the top quartile statewide. Parents moving from Austin ISD often cite smaller class sizes and newer facilities as deciding factors.
Daily life anchors around Hill Country Galleria for shopping, but the real draw is what surrounds the town. Milton Reimers Ranch Park offers over 2,600 acres of mountain biking, rock climbing, and river access. Hamilton Pool Preserve is a 20-minute drive. Bee Cave Central Park has a splash pad for younger kids, and Falconhead Golf Club gives golfers a Hill Country layout without a full country club membership. For food, Cafe Blue does sophisticated seafood, Baguette et Chocolat handles French pastries, and Buenos Aires Cafe serves Argentine empanadas with a following across Austin. Chisos Grill covers Texas comfort food, Jack Allen's Kitchen anchors the farm-to-table crowd, and Via 313 handles pizza nights.
Bee Cave sits between Lakeway and Dripping Springs in both geography and price. It is less expensive than lakefront Lakeway but pricier than Dripping Springs, which trades proximity for larger lots. Compared to Westlake Hills, Bee Cave offers newer construction and larger lots at lower per-square-foot prices, though you lose Eanes ISD. The 71 corridor continues to develop, which supports property values but means the area feels less quiet than five years ago.
Bee Cave works for families who want Lake Travis ISD and Hill Country living without fully committing to a lakefront lifestyle. It fits people who work from home or have flexible schedules, since the Highway 71 commute can test patience during peak hours. And it suits buyers who want newer construction with fewer maintenance surprises. If you need to be downtown every day by 8 AM, look closer in. But if your priorities are space, schools, and outdoor recreation access, Bee Cave has a strong case.
School District: Lake Travis ISD
View Bee Cave neighborhood guide- Property Type
- Commercial Sale
- Lot Size
- 5.00 acres
Listing information last updated June 10, 2026.
Listed by Compass RE Texas, LLC
MLS# 2540410 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Exterior & Lot
- Lot Size
- 5.00 Acres
Financial
- Original List Price
- $3,500,000
Utilities
- Electricity Available
- Water Available
Transaction History
1 record on file
Every recorded listing, sale, and lease at TBD W Highway-71, whoever represented it.
- ActiveListed 2026Current price: $3,500,000Original list: $3,500,000MLS 2540410
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Explore this area
Price & Listing History
Listing timeline with current price, original ask, and market time.
- Current list
- $3,500,000
- Original list
- $3,500,000
- Price movement
- No verified reduction
- Listed / DOM
- May 26, 2026 · 143 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $666,468
- Assessment Year
- 2025
- Parcel ID
- 000000119237
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025+0.0% | — | $666,468 | $666,468 | — |
2021 | — | $666,468 | $666,468 | — |
District Schools Nearby
Lake Travis High School
Bee Cave Middle School
Hudson Bend Middle School
Lake Pointe Elementary
Lakeway Elementary
Bee Cave Elementary
District context schools are shown because address-level assigned school fields are not available for this property. 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% ($700K)
Adjustable assumption - not a lending recommendation.
$3,500,000
Luxury property intelligence
Keenan Market Position
A sourced read on Bee Cave pricing, timing, and property scale. No automated valuation claim.
List price
$3,500,000
Price per sqft
Not available
Vs. Neighborhood guide reference price
+284.1%
$911.3K · Bee Cave neighborhood guide · reference price
Days on market
143 days
Original to current
No verified reduction
$3.5M original
Active inventory context
20 listings
Price Position in Bee Cave
Listed 284% above the Bee Cave neighborhood guide reference price. Bee Cave neighborhood guide · reference price.
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 15, 2026.
Request Private Market AnalysisConnect TBD W Highway-71 to the Austin Market
Bee Cave Neighborhood Guide
Lifestyle, schools, market context, and homes in Bee Cave
Bee Cave Homes for Sale
Active listings and buyer search context in Bee Cave
78738 ZIP Guide
ZIP-level neighborhoods, schools, lifestyle, and Austin market context
Lake Travis ISD Schools
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Austin Home Valuation
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