1. Texas
  2. Austin
  3. 8737 W Highway 71
$4,250,000

8737 W Highway 71, Austin, TX 78736

  • 5 beds |
  • 3 baths
  • Property Icon other
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon24.91acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 10 months ago

Property Description

Discover an exceptional investment opportunity with this expansive +/- 24.9-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. Currently zoned for rural residential / ag. 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 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.

Listing Status:
Active
Listing Office:
Levi Rodgers Real Estate Group : (210) 331-7000
Listing Agent:
Erin Stephens : (512) 969-9959
MLS ID:
9660149
  • General: Ceiling Fan(s)Primary Bedroom on Main
  • Appliances: DishwasherDown DraftDryerOvenRangeRefrigerator
  • Flooring: CarpetTile
  • Eco/Green Feature: Solar PanelOther/See Remarks

This listing courtesy of Erin Stephens, Levi Rodgers Real Estate Group

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

O

Oak Hill Elementary School

6101 Patton Ranch Rd, Austin, TX, 78735

Grades PK-5

2.66 miles away

S

Small Middle School

4801 Monterey Oaks Blvd, Austin, TX, 78749

Grades 6-8

3.72 miles away

B

Bowie High School

4103 W Slaughter Ln, Austin, TX, 78749

Grades 9-12

4.78 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.