$4,850,000
5 Beds
2.5 Baths
SqFt
24.91 Acre Lot
1,085,210 Sqft Lot
Status Active
Property Type Other
Year Built
Neighborhood Covered Bridge Whitecrowe Sub
Days on Website 86

Property Map

$4,850,000 – 8737 W Highway 71, Austin, TX 78736

Street View

Property listed by Levi Rodgers Real Estate Group 210-331-7000 {attribution_contact}

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.

Property Details and Features

Appliances & Equipment

  • DownDraft
  • Dryer
  • Dishwasher
  • Oven
  • Range
  • Refrigerator

Bathrooms

  • 1 half bathroom
  • 2 full bathrooms
  • 3 total bathrooms

Bedrooms

  • 5 total bedrooms
  • 5 bedrooms on main level

Building

  • Stories: 1
  • HardiplankType
  • SeeRemarks
  • One

Disclosures

  • SeeRemarks

Exterior Features

  • Lighting

Fence

  • SeeRemarks

Floors

  • Carpet
  • Tile

Foundation

  • Slab

Interior Features

  • CeilingFans
  • MainLevelPrimary

Listing

  • 36 days on market
  • Listed on 2024-08-28

Location

  • County: Travis
  • Subdivision: Covered Bridge Whitecrowe Sub

Lot

  • 24.913 acres
  • Area: 24.913
  • BacksToGreenbeltPark
  • NativePlants
  • SplitPossible

Energy Saving

  • SolarPanels
  • SeeRemarks

Parking

  • Covered
  • Detached
  • Gravel
  • Private

Possession

  • Negotiable
  • SeeRemarks

Property

  • SeeRemarks
  • ParkGreenbelt
  • Hills
  • TreesWoods

Roof

  • Composition
  • Shingle

Schools

  • Elementary School: Oak Hill
  • Elementary School District: Austin ISD
  • Middle School: Small
  • Middle School District: Austin ISD
  • High School: Bowie
  • High School District: Austin ISD

Sewer

  • SepticTank
  • SeeRemarks

Taxes

  • Year: 2023

Utilities

  • CableAvailable
  • ElectricityAvailable
  • HighSpeedInternetAvailable
  • SeeRemarks
  • WaterAvailable
  • WaterConnected

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