Listing Courtesy of: Erin Stephens - Levi Rodgers Real Estate Group 210-331-7000
$4,850,000 affordable loan icon Calculate Payment

8737 W Highway 71 Austin, TX 78735

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Other Residence
5 Beds
3 Baths
Sq. Ft.
24.91 Acre Lot
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Last updated on 11/28/2024 5:26 PM

Listing Details

Discover an exceptional investment opportunity with this expansive +/- 24-acre property located in the highly desirable Oak Hill area, just off Highway 71. Perfectly situated for residential or commercial development, this versatile parcel offers a wealth of potential for developers, investors or "o...ff grid-ers," alike. This prime, *unrestricted* land is currently zoned for commercial use but can be rezoned for residential development. Five acres of the property are integrated into the Covered Bridge development, with access via Roaring Springs Drive, making it ideal for residential expansion. The property includes three houses, a garage, and ample raw land. Utilities on-site include electricity, septic systems, and five wells providing substantial water resources (approximately 880 million cubic feet of water estimated to be underneath). Water rights are included in the sale. The main home is currently being used as a primary residence. It is approximately 3500sf and has 5 beds, 2 1/2 baths as well as off grid capabilities through the solar field, septic system and wells. Approximately 19 acres were previously in a floodplain. However, extensive work has been done, including the addition of fill dirt and a levy to mitigate future flood risks. The area is in the process of being graded to finalize this improvement. The property offers direct access from Roaring Springs Drive, Highway 71 and Mowinkle Drive. There is also a small wet weather creek within the greenbelt on the East side of the property that would add a natural decorative element to a residential development. This property is an unparalleled opportunity for anyone looking to capitalize on the growing demand in the South West Austin area. Continue reading
MLS#
9660149
Property Type
Other
Bedrooms
5
Bathrooms
2 Full/1 Half
Lot Size
24.91
Stories
1.0
Sewer
Holding Tank
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Listing Courtesy of: Erin Stephens - Levi Rodgers Real Estate Group 210-331-7000
Andrea D. Conner, License 521381, Xome Inc., License 9002330, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Suite 100, Lewisville, Texas 75067


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