700 & 604 Corral LN Active Save Request In-Person Tour Request Virtual Tour
Austin,TX 78745
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