406 W LIVE OAK ST, Austin, TX 78704
406 W LIVE OAK ST, Austin, TX 78704
406 W LIVE OAK ST, Austin, TX 78704
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DMTX Realty Group

DMTX Realty Group

+1(512) 751-6060
$ 5,500,000
Est. payment | /mo

0.95 Acres Lot

Save
$ 5,500,000
Est. payment | /mo
Save

0.95 Acres Lot

Key Details

Property Type Vacant Land

Sub Type Multiple Lots (Adjacent)

Listing Status Active

Purchase Type For Sale

Subdivision Gillis Simon

MLS Listing ID 7419089

Tax Year 2025

Lot Size 0.950 Acres

Acres 0.95

Lot Dimensions 220x230

Property Sub-Type Multiple Lots (Adjacent)

Source actris

Property Description

Rare South Austin development opportunity approved for 12 homes across six individual MF-3 zoned residential lots with potential downtown views. Located just off South 1st Street and only 1.5 miles from Lady Bird Lake, this site offers exceptional proximity to downtown, South Congress, South 1st retail, restaurants, and major lifestyle corridors. Four lots have already been leveled and are development-ready, with a 2,400 SF remodeled sales office currently onsite and a demo permit approved for immediate redevelopment. Site plans and approved plans are available upon request, providing a strong head start for a builder looking to move quickly. With new construction comps in the area selling for approximately $750–$835/SF, this is an ideal scale project for a mid-size builder seeking a rare multi-lot infill site in one of Austin's most supply-constrained locations. Extremely

Location

State TX

County Travis

Area 6

Zoning MF-3

Interior

Fireplace N

Exterior

Exterior Feature None

Fence None

Community Features None

Utilities Available None

Waterfront Description None

View None

Building

Lot Description Corner Lot

Sewer Public Sewer

Water Public

New Construction No

Schools

Elementary Schools Travis Hts

Middle Schools Lively

High Schools Travis

School District Austin Isd

Others

Restrictions None

Acceptable Financing Cash, Conventional, Owner May Carry

Tax Rate 2.1

Listing Terms Cash, Conventional, Owner May Carry

Special Listing Condition Standard

Listed by eXp Realty, LLC • Trevor Loveless

Nearby Locations

DMTX Realty Group

Top 1% Real Estate Team in Texas

Over $2 Billion in Total Sales

+1(512) 751-6060

info@dmtx.com

1617 W 6th St Suite C, Austin, TX, 78703, USA

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406 W LIVE OAK ST