$1,500,000

700 & 604 Corral LN, Austin, TX 78745

  • 3,881 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1959
  • Property Lot Size Icon2.01acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $386/sqft
  • Property List Date Icon Listed 2 months ago

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 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.

Listing Status:
Active
Data Last Updated:
May 21, 2026 at 4:18AM
Listing Office:
Texas Ally Real Estate Group : (512) 763-2559
Listing Agent:
David Mosrie : (512) 516-9722
MLS ID:
2767810
  • Other Structures: ResidenceSecond ResidenceSee Remarks
  • Parking: Parking spaces: 10
  • Originating MLS: actris
  • County: Travis
  • Topography: LEVEL
  • Zoning: SF-2HOME & HOME2 compaLOT 25 BLK A CIRCLE S RIDGE SEC 1 & LOT 26 BLK A CIRCLE S RIDGE SEC 104240702020000
  • View: None
  • Current Use: Residential
  • Utilities: Electricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected
  • Water: Public
  • Sewer: Public Sewer
  • Source: actris

This listing courtesy of David Mosrie , Texas Ally Real Estate Group

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location