8737 W Highway 71, Austin, TX 78736 - MLS#8702716

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Spencer Wheelwright

[email protected] +1(512) 944-8553

$4,250,000

Est. payment - /mo

24.91 Acres Lot

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UPDATED:

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

HOA Y/N No

Tax Year 2023

Lot Size 24.913 Acres

Acres 24.913

Property Sub-Type See Remarks

Source actris

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.

Location

State TX

County Travis

Interior

Fireplace No

Exterior

Exterior Feature Lighting

Community Features None

Utilities Available High Speed Internet, Water Available, Water Connected, See Remarks

Waterfront Description None

View Hill Country, Park/Greenbelt, Trees/Woods

Building

Lot Description 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

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Listed by Levi Rodgers Real Estate Group

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Spencer Wheelwright

+1(512) 944-8553

Broker Associate | License ID: 667574

Broker Associate License ID: 667574

8737 W Highway 71 Austin, TX 78736

Spencer Wheelwright

Key Details

Location

Interior

Exterior

Building

Schools

Others

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