700 & 604 Corral LN, Austin, TX 78745 (MLS # 9528461)
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Ideal HOME / HOME2 development site. 2.01+/- acre assemblage of two 1 ac city lots, ideal for entry level build for sale or build for rent HOME 2 development. Feasibility study by LLVLL Design / Build projects 31 units @ 1650 sqft / ea under the new code for over 51,000 buildable sqft, or around $35/sqft land cost. Arborist indicates all existing trees can be removed. By leveraging the small site & 1650 sqft min/ unit provision of HOME 2 you can extract over 90% FAR per site based on preliminary site plan. At 31 sites land cost is less than $60,000 per unit. One of both of the existing homes could be saved / renovated/ flipped to substantially lower the cost basis of the land $/ unit land cost, or leveraged as interim income. Other uses possible under SF2 to leverage improved access and traffic counts related to the ongoing TXDOT I-35 Capital Express South project with easy access from both directions and a 2023 daily traffic count of over 190,000. Buyers to do all their own due diligence. Properties to be sold together. Contact LA for more information.
| LAST UPDATED | 7/2/2025 | TRACT | Circle S Ridge Sec 01 |
|---|---|---|---|
| YEAR BUILT | 1959 | COMMUNITY | Circle S Ridge Sec 01 |
| COUNTY | Travis | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AREA | 10S |
|---|---|
| CONSTRUCTION | Brick, Frame |
| LOT | 2.01 acre(s) |
| LOT DESCRIPTION | Level |
| PARKING | None |
| SEWER | Public Sewer |
| SUBDIVISION | Circle S Ridge Sec 01 |
| TAXES | 11703 |
| UTILITIES | Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected |
| VIEW DESCRIPTION | None |
| WATER | Public |
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Property listed by David Mosrie, Texas Ally Real Estate Group
Based on information from the Austin Board of REALTORS ® (alternatively, from ACTRIS) for the period through 7/5/25 7:40 PM PDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
This IDX solution is (c) Diverse Solutions 2025.