TX > Austin > Covered Bridge Whitecrowe Sub
Austin, TX 78736,8737 W Highway 71
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Austin, TX 78736,8737 W Highway 71
Austin, TX 78736,8737 W Highway 71
Austin, TX 78736,8737 W Highway 71
Austin, TX 78736,8737 W Highway 71
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Paul Reddam

Paul Reddam

+1(512) 789-0869
$ 4,850,000
Est. payment /mo
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Price Dropped by $150K

8737 W Highway 71 Austin, TX 78736

5 Beds

3 Baths

24.91 Acres Lot

UPDATED:

10/03/2024 06:33 PM

Key Details

Property Type Single Family Home

Sub Type See Remarks

Listing Status Active

Purchase Type For Sale

Subdivision Covered Bridge Whitecrowe Sub

MLS Listing ID 9660149

Bedrooms 5

Full Baths 2

Half Baths 1

HOA Y/N No

Originating Board actris

Tax Year 2023

Lot Size 24.913 Acres

Acres 24.913

Property 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.

Location

State TX

County Travis

Rooms

Main Level Bedrooms 5

Interior

Interior Features Ceiling Fan(s), Primary Bedroom on Main

Flooring Carpet, Tile

Fireplace No

Appliance Dishwasher, Down Draft, Dryer, Oven, Range, Refrigerator

Exterior

Exterior Feature Lighting

Fence See Remarks

Pool None

Community Features None

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

Waterfront No

Waterfront Description None

View Hill Country, Park/Greenbelt, Trees/Woods

Roof Type Composition,Shingle

Porch Covered, Porch

Total Parking Spaces 5

Private Pool No

Building

Lot Description Back to Park/Greenbelt, Native Plants, Split Possible

Foundation Slab

Sewer Septic Tank, See Remarks

Water Well

Level or Stories One

Structure Type HardiPlank Type,See Remarks

New Construction No

Schools

Elementary Schools Oak Hill

Middle Schools Small

High Schools Bowie

School District Austin Isd

Others

Special Listing Condition Standard

Listed by Levi Rodgers Real Estate Group

Paul Reddam

Broker Associate | License ID: 442611

+1(512) 789-0869

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