8737 W Highway 71 Active Save Request In-Person Tour Request Virtual Tour
Austin,TX 78736
Key Details
Property Type Vacant Land
Sub Type See Remarks
Listing Status Active
Purchase Type For Sale
Subdivision Covered Bridge Whitecrowe Sub
MLS Listing ID 8702716
Tax Year 2023
Lot Size 24.913 Acres
Property 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.
Location
State TX
County Travis
Exterior
Exterior Feature Lighting
Community Features None
Utilities Available Electricity Available,High Speed Internet,Solar,Water Available,Water Connected,See Remarks
Waterfront No
Waterfront Description None
View Hill Country,Park/Greenbelt,Trees/Woods
Building
Lot Description Back to Park/Greenbelt,Native Plants,Split Possible
Sewer Septic Tank,See Remarks
Water Well
New Construction No
Schools
Elementary Schools Oak Hill
Middle Schools Small
High Schools Bowie
School District Austin Isd
Others
Special Listing Condition Standard