Secure a prime homesite with an existing well-maintained and income generating duplex in one of Austin's most coveted areas in the heart of Bee Cave Woods. Property is zoned SF-3 and walkable to all three schools in award-winning Eanes ISD, Cedar Creek Elementary, Hill Country Middle School, and Westlake High School. This oversized +/-0.33-acre corner lot offers exceptional redevelopment or investment potential with the flexibility to create two separate residences with seller conveyed, plans fully permitted by City of Austin for TWO homes: 1) 5BDRM/5 bath at 3325sqft and 2) 4BDRM/3.5 bath at 2215sqft. The property has historically leased consistently (+/- $5,750 per month ), and is actively offered for lease, providing strong income potential while future plans are finalized. The true value lies in the land and entitlement pathway. Whether building one custom home and perhaps retaining a second lot for future use or developing both, significant groundwork has already been completed. In the interim, the existing duplex offers the opportunity to generate rental income to help offset carrying costs during planning, design refinement, or construction timing. Buyers may also consider living in one side while leasing the other. Opportunities to acquire build-ready property with subdivision potential in this highly desirable neighborhood are increasingly rare. Ideal for an end user planning a long-term custom build, a multigenerational living concept, or a buyer seeking strategic land control in a premier close-in Westlake location with quick access to downtown Austin, Zilker Park & Barton Creek Square Mall, (all ~ 5 minutes away), Bee Cave, & major commuter routes. Subdivision details, permitted plans, and additional information available upon request.