Welcome to 5420 Petticoat Lane, a 9+ acre, private pinnacle of Austin, Texas with sweeping views of downtown, the Texas State Capitol, the UT Tower, and the surrounding hill country. It's rare that a property with this exclusivity and natural beauty hits the market, especially one that's only 10 minutes to downtown and in the exemplary Eanes Independent school district. Towering over the property, the majestic oaks create a picturesque and shady canvas for what deserves to encase one of Austin's premier compounds. Few limitations or restrictions exist since the property is in Travis County vs. the city, which allows many creative uses of the property including perhaps beating the traffic and traveling by helicopter once in a while. 1200 feet of the lot back to Wild Basin & Balcones Canyonland preserve land thus providing what appears to be a lifetime of peace and privacy on your own hilltop. Escape to your own walking trails along the Wild Basin Ledge while watching downtown, "so close, yet so far", come alive each morning and each night with sunrises, sunsets, festival lights, or even storms rolling through Austin. The true-to-form existing 4 BDRM/3.5 bath home is approximately 6542 square feet, and it provides ample bones to recreate and renovate or add additional structures as desired. If someone wants to start from scratch to build the home of their dreams, the property is beckoning an architectural masterpiece as unique and dazzling as the setting. You must see this one in person to truly experience how special it is.