700 & 604 Corral LN, Austin, TX 78745

Property Description

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 is used strategically. At that total 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 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.

Listing Status:

Active

Data Last Updated:

March 19, 2026 at 7:18AM

Listing Office:

Texas Ally Real Estate Group : (512) 763-2559

Listing Agent:

David Mosrie : (512) 516-9722

MLS ID:

2478448

Exterior

• Other Structures: See RemarksResidenceSecond ResidenceWorkshop

Location

• HOA Amenities: None
• Originating MLS: actris
• School District: Austin ISD
• County: Travis

Lot

• Topography: FLAT
• Zoning: SF-2HOME & HOME2 compaLOT 25 BLK A CIRCLE S RIDGE SEC 1 & LOT 26 BLK A CIRCLE S RIDGE SEC 104240702020000
• View: None

Utilities

• Utilities: Electricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: actris