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FOR SALE
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$5,875,000

3823 Westlake DR, Austin, TX 78746

0.84

acres

Estimated Mortgage: $33,218/moGet Prequalified
Multiple Lots (Adjacent)

About This Home

An exceptional Lake Austin waterfront opportunity offering rare entitlements and outstanding development potential. This close-in waterfront lot features approximately 100 feet of shoreline, with 70 feet of usable waterfront, and conveys long-standing entitlements dating back to 1915. The property presents a unique chance to build a legacy estate with breathtaking Lake Austin views in one of Austin’s most desirable waterfront corridors. Buyers may take advantage of existing, permit-ready plans or pursue a fully custom design tailored to their vision, all within a setting that offers both privacy and proximity to the city’s premier amenities. A truly rare offering where history, scale, and location converge to create an unparalleled waterfront homesite on Lake Austin. Potential Owner Financing with Below-Market Interest Rates.

Listings checked every few minutes. MLS# 3470342 was Last Updated: 04-11-2026.

Listed by Joseph Longton, Kuper Sotheby's Int'l Realty (512) 633-5186

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Listing courtesy of Unlock MLS as distributed by MLS Grid. The information being provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but is not guaranteed accurate by MLS Grid or Unlock MLS.

What is the Lake Austin neighborhood like?

Lake Austin is a constant-level reservoir on the Colorado River in Travis County, created in 1939 when the Lower Colorado River Authority completed Tom Miller Dam. The reservoir stretches approximately 21 miles from Tom Miller Dam on the southeast to Mansfield Dam on the northwest, with a surface area of approximately 1,600 acres and a maximum depth of 75 feet. Unlike Lake Travis upstream, Lake Austin maintains a near-constant water level at 492 feet above sea level, providing predictable shoreline and dock access year-round.

Explore Lake Austin

What employers are near 3823 Westlake DR?

  • Apple Inc. (Technology)
  • Dell Technologies (Technology)
  • University of Texas at Austin (Higher Education)

How does this property compare to others in Lake Austin?

3823 Westlake DR is listed at $5.9M vs. the $1.7M median in Lake Austin. Homes in Lake Austin average 75 days on market.

MetricLake Austin
Median List Price$1.7M
Median Sold Price$1.2M
Average Days on Market75
Average Price per Sqft$609
Active Listings135

Market data as of May 2026.

Frequently Asked Questions

How much is 3823 Westlake DR?

3823 Westlake DR is listed for $5,875,000. It features 0.84 acres.

What neighborhood is 3823 Westlake DR in?

3823 Westlake DR is located in the Lake Austin neighborhood of Austin, Texas.

How does 3823 Westlake DR compare to other homes in Lake Austin?

The asking price of $5,875,000 is 253.4% higher than the median home price of $1.7M in Lake Austin.

What are the details of 3823 Westlake DR?

3823 Westlake DR sits on 0.84 acres of land, and is a multiple lots (adjacent) style home.