8737 W Highway 71, Austin, TX, 78736

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$4,850,000
36 Days Online

8737 W Highway 71
Austin, TX 78736

For Sale|Residential|Active
5
Beds
2
Full Baths
1
Partial Bath

SqFt

/SqFt

Built
Subdivision:
Covered Bridge Whitecrowe Sub
County:
Travis

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512-400-4248
8737 W Highway 718737 W Highway 718737 W Highway 718737 W Highway 71
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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.

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Listing Snapshot
Price 
$4,850,000
Days Online 
36 Days
Bedrooms 
5
Inside Area (SqFt) 
N/A
Total Baths 
3
Full Baths 
2
Partial Baths 
1
Lot Size 
24.913 Acres
Year Built 
N/A
MLS® Number 
9660149
Status 
Active
Property Tax 
$44,988.46
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
6 days agoPrice changed to $4,850,000
a month agoListing first seen online
a month agoListing updated with changes from the MLS®
General Features
Acres 
24.913
Disclosures 
See Remarks
Energy Features 
Solar
Foundation 
Slab
Number Of Stories 
1
Parking 
CoveredDetachedGravelPrivate
Parking Spaces 
5
Sewer 
Septic Tank
Special Circumstances 
Standard
Stories 
One
Utilities 
Electricity AvailableWater AvailableWater ConnectedSee Remarks
Water Source 
PrivateWell
Interior Features
Appliances 
DishwasherDown DraftDryerOvenRangeRefrigerator
Cooling 
Ceiling Fan(s)
Flooring 
CarpetTile
Interior 
Ceiling Fan(s)Master DownstairsHigh Speed Internet
Main Level Bedrooms 
5
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Exterior Features
Construction Details 
HardiPlank TypeSee Remarks
Exterior 
Lighting
Fencing 
See Remarks
Lot Features 
GreenbeltNative PlantsSplit Possible
Other Structures 
Garage(s)Poultry CoopResidenceShed(s)StorageWorkshop
Patio And Porch 
CoveredPorch
Pool Features 
None
Roof 
CompositionShingle
View 
Park/GreenbeltTrees/Woods
Waterview 
Park/GreenbeltTrees/Woods
Community Features
Community Features 
None
Financing Terms Available 
CashConventional
Horse Property 
None
MLS Area 
W
School District 
Austin ISD
Schools
School District
Austin ISD
Elementary School
Oak Hill
Middle School
Small
High School
Bowie
Listing courtesy of Levi Rodgers Real Estate Group [email protected]


All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings courtesy of ACTRIS as distributed by MLS GRID. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied.
Data last update - 2024-10-09 03:55 AM CDT

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Neighborhood & Commute
Source: Walkscore
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