700 Corral Lane
Austin, TX 78745
2.01 acres | #4828686
Description
Ideal HOME / HOME2 development site. 2.01+/- acre assemblage of two 1 ac city lots, ideal 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. One of both of the existing homes could be saved / renovated/ flipped to substantially lower the cost basis of the land $/ unit land cost, or leveraged as interim income. Other uses possible under SF2 to leverage improved access and traffic counts related to the ongoing TXDOT I-35 Capital Express South project with easy access from both directions and a 2023 daily traffic count of over 190,000. Buyers to do all their own due diligence. Properties to be sold together. Contact LA for more information.
Property Details
- Utility FeaturesElectricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
- Lot DescriptionCleared, City Lot, Level, Open Lot, Flat
- SubdivisionCircle S Ridge Sec 01
- Property SubtypeMultipleParcels
- Elementary SchoolPleasant Hill
- Sewer InformationPublic Sewer
- School DistrictAustin ISD
- Original List Price$1,700,000
- Property TypePurchase
- Middle SchoolBedichek
- High SchoolCrockett
- Taxes Annual$11,703
- MLS #4828686
- Cost1700000
- MLS #4828686
- Utility SourcePublic
- CountyTravis
- Acres2.01
- Days on Market (Cumulative)268
Location
Legal
Based on information submitted to the MLS GRID as of 2025-07-02 13:58:16 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Based on information from the Austin Board of REALTORS®. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided "AS IS" and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
Last Updated:Â . Source: ACTRIS
Listing Courtesy
Listing Agent: David Mosrie (#629631), Phone: (512) 763-2559
Listing Office: Texas Ally Real Estate Group (#6574)
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