Exceptional opportunity to build your dream home in the heart of Westlake! Situated on a generous 0.43-acre lot (approximately 18,730 square feet) in the desirable Camelot neighborhood, just outside Lost Creek, 1211 Falcon Ledge presents an exciting opportunity for builders, investors, or buyers looking to create a custom residence in one of Austin's most sought-after areas. Recently reduced to $1,069,000 and priced with land value in mind, this property offers a compelling opportunity to reimagine the site and capitalize on its desirable location. The spacious lot features mature trees, an expansive yard, and an existing electric privacy gate, creating a private setting with excellent potential for a thoughtfully designed custom home. Located in Travis County, outside Austin city limits, the property benefits from a low 1.4611% tax rate and is zoned to highly acclaimed Eanes ISD schools, including Forest Trail Elementary, West Ridge Middle School, and Westlake High School. Enjoy convenient access to Westlake Country Club, Lost Creek parks, shopping, dining, and downtown Austin. An existing single-story, 3-bedroom, 2-bath residence offers the flexibility to renovate, expand, or explore new construction possibilities. Whether you're a builder seeking your next project or a buyer envisioning a custom home, this is an opportunity to secure a sizable lot in an established Westlake neighborhood at an attractive new price. Buyer to verify all building restrictions, permitting requirements, and redevelopment feasibility.