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CommunitiesHighland Park West

Highland Park West

5332 Balcones Dr · 78731

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Overview

Highland Park West is a condominium and townhome community in Northwest Hills & Balcones, Austin, at 5332 Balcones Dr (ZIP 78731). Northwest of central Austin along MoPac, north of RM 2222.

Northwest Hills & Balcones holds 29 condo and townhome communities in the Austin Standard directory. Pricing and availability here change often — request the latest below.

This page brings together current pricing and availability for Highland Park West, an overview of the Northwest Hills & Balcones neighborhood, the condo communities and scored high-rise towers nearby, and answers to common questions about buying here.

About Northwest Hills & Balcones

Highland Park West sits in Northwest Hills & Balconeshilly, established, central-north Austin. The area holds 29 condo and townhome communities in our directory.

Wooded hills and canyonsHighly rated schoolsQuick MoPac (Loop 1) accessEstablished and quiet

Read the full Northwest Hills & Balcones neighborhood guide →

Other communities in Northwest Hills & Balcones

5902 Mountainclimb
Austin Oak Terrace
Balcones Towers
Bluffs at Balcones
Charleston Place
Chimney Corners
Dry Creek West
Edgecliff
Far West Skyline
Fiddlers Hill
Imperial
Jefferson Place

Short-term rental outlook

Short-term rentals are restricted in most Austin condos, so confirm Highland Park West’s HOA policy before counting on rental income. As an area benchmark, filed STR revenue in 78731 runs <$8k per unit per year — InnKing area data, area-level and not specific to Highland Park West, as of 2026-06.

Seasonal demand in Northwest Hills & Balcones (mean month = 100)

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Good to know

Where is Highland Park West located?

Highland Park West is in the Northwest Hills & Balcones area of Austin, at 5332 Balcones Dr (ZIP 78731). Northwest of central Austin along MoPac, north of RM 2222.

What type of property is Highland Park West?

Highland Park West is a condominium and townhome community. For exact unit types, square footage, HOA dues, and current availability, request details below — we keep pricing and inventory up to date.

What is the Northwest Hills & Balcones area known for?

Northwest Hills & Balcones is known for Wooded hills and canyons, Highly rated schools, Quick MoPac (Loop 1) access, and more. Hilly, established, central-north Austin.

Can I short-term rent (Airbnb) at Highland Park West?

Most condo communities in Austin restrict or prohibit short-term rentals under city regulations and HOA rules; hotel-zoned buildings such as Natiivo downtown are the main exception. Confirm Highland Park West's specific short-term-rental policy before purchasing.

What condos and towers are near Highland Park West?

Other communities in Northwest Hills & Balcones include 5902 Mountainclimb, Austin Oak Terrace, Balcones Towers, Bluffs at Balcones.

How do I get current pricing for Highland Park West?

Austin Standard sets and updates pricing directly. Request details and we'll send current availability and recent comparable sales for Highland Park West.

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Pricing & availability

Get current pricing, recent comparable sales, and availability at Highland Park West.