700 & 604 Corral LN, Austin TX, 78745

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

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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

Database last updated 7:12 PM UTC, 11/21/2024