$635,000
↓ $15K (2.3%)
●
Land -
For Sale
4901 W Park DR
Austin, TX 78731
Studio
0 Bath
$4,122
Est. Monthly
About This Property
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.
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.
Unit Size
-
Days on Market
-
Land Size
0.16 acres
Price per sqft
-
Property Type
Land
Property Taxes
$1,004
HOA Dues
-
Year Built
1950
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 months ago (Unlock MLS #ACT1803718)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 8, 2026 | Price Decreased |
$635,000
↓ $15K
(2.3%) | |
| Price Decreased | |||
| Apr 28, 2026 | Price Decreased |
$650,000
↓ $25K
(3.7%) | |
| Price Decreased | |||
| Mar 14, 2026 | Price Decreased |
$675,000
↓ $10K
(1.5%) | |
| Price Decreased | |||
| Jan 23, 2026 | Price Decreased |
$685,000
↓ $40K
(5.5%) | |
| Price Decreased | |||
| Nov 21, 2025 | Listed by Select Austin Real Estate | $725,000 | |
| Listed by Select Austin Real Estate | |||
Property Highlights
Exterior Details
Waterfront Features: None
Other Structures: See Remarks
Lot Features: Back Yard, City Lot, Front Yard
Lot Size Area: 7091.57
Lot Size Units: Square Feet
Lot Size Acres: 0.1628
Lot Size Square Feet: 7091.57
Water Source: Public
Financial Details
Tax Map Number: 9
Tax Assessed Value: $607,906
Tax Annual Amount: $12,048
Utilities Details
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Allandale
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Listed by: Paul Greenway
Listed Office: Select Austin Real Estate - Listing courtesy of Unlock MLS
Phone: (512) 502-9600
Last Updated: 2026-07-08 04:02:29
Data Source: Unlock MLS, MLS# ACT1803718
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: Select Austin Real Estate - Listing courtesy of Unlock MLS
Phone: (512) 502-9600
Last Updated: 2026-07-08 04:02:29
Data Source: Unlock MLS, MLS# ACT1803718
Based on information from Unlock MLS (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.
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