8737 State Highway 71
$4,850,000
1,085,210 / 24.91
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...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.
- Listed by Erin Stephens • TREC #0642133 • Levi Rodgers Real Estate Group • (210) 331-7000
Property Details for 8737 State Highway 71
Subdivision Name
Covered Bridge Whitecrowe Sub
WaterfrontNo
Waterfront DescriptionNone
Water Access DescriptionNone
ViewPark/Greenbelt, Hills, Trees/Woods
View YNYes
Parcel Number04065006120000
Tax Lot10A
LISTING UPDATED: 10/03/2024 01:32 PM
Property Details for 8737 State Highway 71
Status | Active |
---|---|
MLS # | 8702716 |
Days on Market | 93 |
Taxes | $44,988 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Land / Other |
Year Built | - |
Lot Size | 24.91 AC |
County | Travis County |
Building Information for 8737 State Highway 71
Lot Size24.91 AC
Property Information for 8737 State Highway 71
Property History for 8737 State Highway 71
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 8737 State Highway 71
This home is within Austin Independent School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 6 to 12 |
Rating | School | Distance |
---|---|---|
Oak Hill Elementary School PublicPK to 5 | ||
Small Middle School Public6 to 8 | ||
Bowie High School Public9 to 12 | ||
Richards School For Young Women Leade Public6 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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