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$1,800,000

Est. payment - /mo

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2.01 Acres Lot

Active

700 & 604 Corral LN Austin, TX 78745

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Sloan Dunlop

sloan@purerealty.com +1(512) 431-6418

UPDATED:

10/01/2024 02:42 PM

Key Details

Property Type Vacant Land

Sub Type Multiple Lots (Adjacent)

Listing Status Active

Purchase Type For Sale

Subdivision Circle S Ridge Sec 01

MLS Listing ID 5065495

HOA Y/N No

Originating Board actris

Annual Tax Amount $6,341

Tax Year 2024

Lot Size 2.010 Acres

Acres 2.01

Property Description

2.01+/- acre assemblage of two 1 ac city lots, ideal site for entry level build for sale or build for rent HOME 2 development. Feasibility study by LLVLL Design / Build projects 31 units @ 1650 sqft / ea under the new code for over 51,000 buildable sqft, or around $35/sqft land cost. Arborist indicates all existing trees can be removed. By leveraging the small site & 1650 sqft min/ unit provision of HOME 2 you can extract over 90% FAR per site based on preliminary site plan. At 31 sites land cost is less than $60,000 per unit. Two existing homes - one has classic MCM style, the other an older cottage - one or both could be saved / renovated/ flipped to substantially lower the cost basis of the land $/ unit land cost, or leveraged as interim income. Everyone is pitching HOME / HOME 2 on every lot in Austin, but this is exactly what this code was intended to do. Buyers to do all their own due diligence. Properties to be sold together. Contact LA for more information.

Location

State TX

County Travis

Zoning SF-2, HOME & HOME2 compatible

Interior

Fireplace No

Exterior

Community Features None

Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Waterfront No

Waterfront Description None

View None

Building

Lot Description City Lot, Few Trees, Level, Public Maintained Road, See Remarks

Sewer Public Sewer

Water Public

New Construction No

Schools

Elementary Schools Pleasant Hill

Middle Schools Bedichek

High Schools Crockett

School District Austin Isd

Others

Special Listing Condition Standard

Listed by Texas Ally Real Estate Group

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Sloan Dunlop

Agent | License ID: #817467

+1(512) 431-6418