000 Diane DR, Austin, TX 78745 - MLS#6325971

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Mari House

mari@purerealty.com +1(512) 791-6274

$950,000

Est. payment - /mo

0.31 Acres Lot

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Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

Subdivision Ford Place 2

MLS Listing ID 6325971

HOA Y/N No

Tax Year 2025

Lot Size 0.306 Acres

Acres 0.3056

Property Sub-Type Unimproved Land

Source actris

Property Description

Income-Producing South Austin Compound with Redevelopment Potential Discover a rare opportunity in one of South Austin's most vibrant and connected neighborhoods. This income-producing compound on an oversized corner lot generates up to $4,800 per month and is zoned SF-3, falling under the new City of Austin HOME Phase 2 zoning regulations for 1,800 sqft lots — offering the potential for 7 lots (Buyer to verify). Whether you're an investor seeking strong rental income or a developer exploring future possibilities, this property delivers both versatility and value. The front 2-bedroom, 2-bath home offers comfortable living with charm and functionality, while the back building includes two 1-bedroom, 1-bath apartments. The upstairs apartment features a private deck tucked among mature trees, giving it a unique, treehouse-like vibe that tenants love. Enjoy a prime South Austin location where everything you love is just minutes away — walk or bike to El Chilito, Randall's Grocery, and Radio Coffee & Beer, or take a quick 10-minute drive to Downtown Austin, Zilker Park, Barton Springs, and the Barton Creek Greenbelt. This is a one-of-a-kind investment with endless potential in the heart of Austin's coolest corridor.

Location

State TX

County Travis

Area 10N

Interior

Fireplace N

Exterior

Exterior Feature See Remarks, Balcony, Private Yard

Fence Chain Link, Privacy

Community Features None

Utilities Available Electricity Available, Natural Gas Available

Waterfront Description None

View See Remarks, Neighborhood, Panoramic

Building

Lot Description Corner Lot, Level, Trees-Large (Over 40 Ft), Trees-Medium (20 Ft - 40 Ft), Xeriscape

Sewer Public Sewer

Water Public

New Construction No

Schools

Elementary Schools Joslin

Middle Schools Covington

High Schools Crockett

School District Austin Isd

Others

Restrictions Deed Restrictions

Acceptable Financing Cash, Conventional

Tax Rate 2.046485

Listing Terms Cash, Conventional

Special Listing Condition Standard

Virtual Tour https://www.relahq.com/mls/222537001

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Listed by Keller Williams Realty • Dave Murray

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Mari House

+1(512) 791-6274

REALTOR ® | License ID: 0548660

REALTOR ® License ID: 0548660

000 Diane DR Austin, TX 78745

Mari House

Key Details

Location

Interior

Exterior

Building

Schools

Others

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