8737 W Highway 71
Austin, TX 78736
24.91 acres | #8702716
Description
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 "off 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.
Property Details
- Utility FeaturesCable Available, Electricity Available, High Speed Internet Available, Water Available, Water Connected
- Lot DescriptionBacksToGreenbeltPark, Native Plants, Split Possible
- ViewPark Greenbelt, Hills, Trees Woods
- SubdivisionCovered Bridge Whitecrowe Sub
- Sewer InformationSeptic Tank
- School DistrictAustin ISD
- Original List Price$5,000,000
- Exterior MaterialsLighting
- Property TypePurchase
- Elementary SchoolOak Hill
- MLS #8702716
- Cost4850000
- MLS #8702716
- Acres24.913
- CountyTravis
- Middle SchoolSmall
- High SchoolBowie
- Property SubtypeOther
- Utility SourceWell
- Days on Market (Cumulative)128
Location
Legal
Based on information submitted to the MLS GRID as of 2024-10-03 18:32:11 UTC. 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.
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Based on information from the Austin Board of REALTORS®. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided "AS IS" and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
Last Updated: . Source: ACTRIS
Listing Courtesy
Listing Agent: Erin Stephens (#642133), Phone: (210) 331-7000
Listing Office: Levi Rodgers Real Estate Group (#701345)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.