Active
700 & 604 Corral LN
Austin TX, 78745
$1,800,000
$20.56 per sqft
Active
2.01 Acres
Land
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.
5065495
MLSⓇ ID
September 30, 2024
Listed
November 21, 2024
Updated
Map
700 & 604 Corral LN
Austin TX, 78745
Exterior/Building Features
Lot Size
2.01 Acres
Lot Features
City Lot, Few Trees, Level, Public Maintained Road, See Remarks
Sewer
Public Sewer
School Information
School District
Austin ISD
High School
Crockett
Elementary School
Pleasant Hill
Other Property Details
Area Name
10S
Taxes
$6,342
Tax Frequency
Annually
Garage
No
View
No
View Description
None
County
Travis
Water Source
Public
Pool
No
Courtesy of Texas Ally Real Estate Group
Listing Contact: (512) 763-2559
Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor MJ McFarland shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Austin/Central Texas Realty Information Service.
Listings courtesy of ACTRIS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of ©2024 (date and time MLS GRID Data was obtained). 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
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Database last updated 7:12 PM UTC, 11/21/2024
