700 & 604 Corral Ln,Austin, TX 78745
Austin, TX 78745
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.
Details
| MLS # | 2767810 |
|---|---|
| Listing Type | For Sale |
| Style | See Remarks |
| Sub-Type | Resale |
| Status | Active |
| Year | 1959 |
| Days On Site | 161 |
| Listing Provided By | Texas Ally Real Estate Group | David Mosrie |
Features
| SQ Feet | 3,881 |
|---|---|
| Building(s) | 2 |
| Zoning | SF-2, HOME & HOME2 compa |
| Acreage | 2.01 |
| Property View | None |
Exterior
| Topography | LEVEL |
|---|---|
| Construction Materials | Brick, Frame |
Parking
| Parking Features | None |
|---|
Utilities
| Utilities | Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
Other
| List Aor | Austin Board Of Realtors |
|---|
Taxes
| Property | 16018 |
|---|
Area Information
| State | TX |
|---|---|
| County | Travis |
| City | Austin |
| Zip Code | 78745 |
| Area | 10S |
| Community Name | Circle S Ridge Sec 01 |
| Listing VS Median (in Circle S Ridge Sec 01) | |
Price: $1,349,000 low | high Med: $1,024,000 sqft: 3,881 low | high Med: 3,026 $ / sqft: $348 low | high Med: $335 On site: 161 low | high Med: 153.5 | |
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Listings courtesy of Austin Board of REALTORS® MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of August 27, 2026 at 9:07:59 PM PDT 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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Learn More About This Property
| State | TX |
|---|---|
| County | Travis |
| City | Austin |
| Zip Code | 78745 |
| Area | 10S |
| Community Name | Circle S Ridge Sec 01 |
| Listing VS Median (in Circle S Ridge Sec 01) | |
Price: $1,349,000 low | high Med: $1,024,000 sqft: 3,881 low | high Med: 3,026 $ / sqft: $348 low | high Med: $335 On site: 161 low | high Med: 153.5 | |
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