700 & 604 Corral Ln, Austin, TX 78745
Local realty services provided by:CENTURY 21 Judge Fite Company
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 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....
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Home facts
- Subdivision & Development:Circle S Ridge Sec 01
- Listing ID #:2478448
- Updated:November 12, 2026 at 05:45 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)
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