700 & 604 Corral Lane, Austin, TX

$1,349,000

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2.01

Acres

About 700 & 604 Corral Lane

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.

Features of 700 & 604 Corral Lane

MLS® # 2478448
Price $1,349,000
Bathrooms 0.00
Acres 2.01
Type Land
Sub-Type Multiple Parcels
Status Active

Community Information

Address 700 & 604 Corral Lane
Area 10S
Subdivision Circle S Ridge Sec 01
City Austin
County Travis
State TX
Zip Code 78745

Amenities

Utilities Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected, Phone Connected
Features None
View None
Is Waterfront No
Waterfront None
Has Pool No

Interior

Fireplace No

Exterior

Lot Description Level, City Lot, Cleared, Flat, Open Lot

School Information

District Austin ISD
Elementary Pleasant Hill
Middle Bedichek
High Crockett

Additional Information

Date Listed March 18th, 2026
Days on Market 171
Zoning SF-2, HOME & HOME2 compat
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeTexas Ally Real Estate Group
Contact Info(512) 763-2559
Office Contact(512) 763-2559

Listing Map

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