303 Westlake Drive

Discover the boundless potential of this rare opportunity in the heart of West Lake Hills! The visionary owner is open to an enticing financing option, offering a remarkable 2% interest rate over a 30-year term with a 20% down payment (3-year balloon). Boasting a generous lot size of 0.35 acres (15,220 sq ft) and nestled within the esteemed Eanes Independent School District, this parcel presents an exceptional canvas to actualize your dream home with the capability to construct up to 3,800 sq ft of living space (per City of West Lake Hills, buyer to confirm setbacks and impervious coverage). Revel in the promise of an excellent investment opportunity, as recent new home construction costs in the coveted Westlake Area have averaged +/- $1,000 per sq ft, making this property an opportune venture. The property is already connected to county water and city sewage systems. The strategic location offers seamless access to a plethora of amenities, from Barton Creek Mall, to charming coffee shops and restaurants while being just 5 minutes from vibrant Downtown Austin. Enjoy the ease of being within walking distance to Eanes Elementary School (0.4 miles) / Westlake High School (1 mile) and relish in the fact that both Randall's and HEB are within a short drive, with Randall's just a mile away and HEB a mere 1.8 miles. Situated within a highly desirable neighborhood undergoing substantial transformation, this property captures the essence of West Lake Hills' charm! Recent appraisal based on lot value available upon request., Interior Features: Beamed Ceilings, Open Beams/Beamed Ceailings, Multiple Dining Areas, Pantry, Vaulted Ceiling(s), Main Level Bedrooms: 3, Ownership Type: Fee Simple, Parking Features: Attached, Water Source: Public, Restrictions: City Restrictions, Tax Rate: 1.71, LivingRoom Features: Beamed Ceilings, Kitchen Features: Storage