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700 & 604 Corral Ln, Austin, TX 78745

Austin
Local realty services provided by:CENTURY 21 North East
Listed by: david mosrie
Office: texas ally real estate group
MLS#:2478448
Source:ACTRIS
700 & 604 Corral Ln,Austin, TX 78745
$1,349,000
  • 2.01 Acres
  • Lots / Land
  • Active

Price summary

  • Price:$1,349,000

About this home

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...

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Home facts

  • Subdivision & Development:Circle S Ridge Sec 01
  • Listing ID #:2478448
  • Updated:August 12, 2026 at 02:28 PM

Structure and exterior

  • Lot area:2.01 Acres
  • Lot Features:City Lot, Cleared, Level, Open Lot, Public Maintained Road

Schools

  • High school:Crockett
  • Elementary school:Pleasant Hill

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,349,000
  • Tax amount:$16,018 (2025)
Copyright 2026 UnLock MLS . All rights reserved. Listings courtesy of UnLock MLS as distributed by MLS GRID <Last Updated August 8, 2026. UnLock MLS provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. UnLock MLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of UnLock MLS. ACTRIS Member Broker: Lisa Shaw

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