700 & 604 Corral Ln, Austin, TX 78745

Austin
Local realty services provided by:Better Homes and Gardens Real Estate Winans
Listed by: david mosrie
Office: texas ally real estate group
MLS#:2478448
Source:ACTRIS
700 & 604 Corral Ln,Austin, TX 78745
$1,500,000
  • 0 Acres
  • Lots / Land
  • Active

Price summary

  • Price:$1,500,000

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...

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Home facts

  • Listing ID #:2478448
  • Updated:March 29, 2026 at 02:53 PM

Structure and exterior

  • 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:$1,500,000
  • Tax amount:$16,018 (2025)
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