700 & 604 Corral LN, Austin, TX 78745
700 & 604 Corral LN, Austin, TX 78745
700 & 604 Corral LN, Austin, TX 78745
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Shannon Green

Shannon Green

+1(512) 655-9855
$1,500,000
Est. payment /mo
2.01 Acres Lot
Save

UPDATED:

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 2478448

HOA Y/N No

Annual Tax Amount $16,018

Tax Year 2025

Lot Size 2.010 Acres

Acres 2.01

Property Sub-Type Multiple Lots (Adjacent)

Source actris

Property Description

Ideal HOME / HOME2 development site. This 2.01+/- acre assemblage of two 1+/- acre city lots is in the sweet spot for size and density under the code, ideal for a mid-density entry level sale or single family rental development in the heart of Austin. Feasibility studies by LLVLL Design / Build projects up to 31 units @ 1650 sqft / unit, equating to over 51,000 buildable sqft, extracting maximum benefit from 90% FAR allowed under the code if used strategically. At 51k sqft land cost is under $30/sqft. Nice level site with easy access. Arborist indicates all existing trees can be removed. The existing homes are both occupied allowing for a low cost entry point leveraging conventional residential lending and substantial interim rental income while in the lead up to groundbreaking. One of both of the existing homes could be saved / renovated/ flipped to substantially lower the cost basis on the land with minimal impact to the total project unit count. I-35 Capital Express South project with easy access from both directions and a 2023 daily traffic count of over 190,000. Major infrastructure improvements related to the TXDOT effort just completed. Buyers to do all their own due diligence. Contact LA for more information.

Location

State TX

County Travis

Zoning SF-2, HOME & HOME2 compa

Interior

Fireplace No

Exterior

Community Features None

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

Waterfront Description None

View None

Building

Lot Description City Lot, Cleared, Level, Open Lot, Public Maintained Road

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

Read Less Info
Listed by Texas Ally Real Estate Group

NEARBY SCHOOLS & PROPERTIES

GET MORE INFORMATION

Shannon Green

Shannon Green

+1(512) 655-9855

Agent | License ID: 812855

Agent License ID: 812855

Name

Name

Phone*

Phone

Message

By checking this box, I agree to receive recurring marketing communication from Shannon Green, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

By checking this box, I agree to the Terms of Service and Privacy Policy of this website.

FEATURED AREAS IN AUSTIN