4000 Highland Dr, Austin, TX 78734

A rare development opportunity in the Highland Club Village area—this .187-acre vacant lot sits in the ETJ with minimal restrictions, offering exceptional flexibility for residential construction, STR potential, or future commercial use. Surrounded by Hill Country charm and located just minutes from Lake Austin, Lake Travis, Mansfield Dam Park, Lakeway, Bee Cave, and Four Points, this property provides an ideal blend of privacy and convenience. This lot is located directly next to a .253-acre corner-lot property also available for purchase (MLS#6823482). Buy one or both for a total of .44 acres, offering added development potential, corner access, and the ability to create a larger project footprint. The street features an eclectic mix of million-dollar homes, lake cottages, and short-term rentals, making this a versatile and high-demand location. Enjoy the low tax rate, proximity to public boat ramps, and access to the award-winning Lake Travis ISD. Whether you’re an investor, builder, or looking to design your own custom getaway, this lot presents endless opportunities in one of Austin’s most desirable lake-adjacent communities.