Active

8737 W Highway 71

Austin TX, 78736

$4,850,000


Active

5 Beds

3 Baths

Residential

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.

9660149

MLS ID

August 28, 2024

Listed

October 5, 2024

Updated

Map

8737 W Highway 71
Austin TX, 78736

Interior Features

Total Stories

1


Bedrooms

5


Total Bathrooms

3


Full Bathrooms

2


Half Bathrooms

1


Interior Features

Ceiling Fan(s), Primary Bedroom on Main


Appliances

Dishwasher, Down Draft, Dryer, Oven, Range, Refrigerator


Floor Description

Carpet, Tile


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

24.91 Acres


Exterior Features

Lighting


Lot Features

Back to Park/Greenbelt, Native Plants, Split Possible


Roof

Composition, Shingle


Sewer

Septic Tank, See Remarks

School Information

School District

Austin ISD


High School

Bowie


Elementary School

Oak Hill

Other Property Details

Area Name

W


Garage

No


Parking

Covered, Detached, Gravel, Private


View

Yes


View Description

Hill Country, Park/Greenbelt, Trees/Woods


County

Travis


Water Source

Well


Pool

No


Pool Features

None

Listing History

Date

Event

Price

10/3/2024

Price change

$4,850,000

-3%

Courtesy of Levi Rodgers Real Estate Group

Listing Contact: (210) 331-7000

Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Oscar Draguicevich shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Austin/Central Texas Realty Information Service.

Listings courtesy of ACTRIS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of ©2024 (date and time MLS GRID Data was obtained). 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

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Database last updated 12:16 AM UTC, 10/5/2024

 

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