315 W Olive St Lockhart, TX 78644
Estimated payment $861/month
Total Views
13,364
0.14
Acre
$1,000,000
Price per Acre
6,055
Sq Ft Lot
About This Lot
Exceptional investment and development opportunity in the heart of Lockhart! Just minutes from the city’s historic downtown, this collection of four contiguous lots offers rare versatility and scale for small-format builders or investors. Zoned Residential Medium Density (RMD), each ~6,000 sq ft lot allows single-family or duplex construction by right, with potential for townhomes or condos through the city’s Specific Use Permit process. This flexibility means you can build up to eight dwelling units by right or more with city approval — a perfect setup for build-to-rent portfolios, duplex resale projects, or multifamily infill development. All city utilities are available, and the property is free from any HOA restrictions, allowing complete design flexibility. The lots feature level terrain, multiple street frontages, and a prime corner location within walking distance to Lockhart’s historic downtown. Enjoy easy access to Hwy 183 and SH-130, both just a few blocks away, providing quick connections to Austin, San Marcos, and Bastrop. Just 30 minutes to Austin-Bergstrom Airport, 25 minutes to Tesla, and 35 minutes to Downtown Austin. Lockhart’s growth has accelerated, attracting major employers like Sensei Farms, Hill Country Foodworks, The Ziegenfelder Co., and RealCold, as well as a wave of new homebuilders, hotels, and restaurants. The city of 17,000 is among the fastest-growing in Central Texas, with over 8,800 homes planned or under construction. Famous for its legendary BBQ scene — from Kreuz Market and Smitty’s to Barbs B Q and Terry Black’s — Lockhart now blends small-town charm with big-market momentum. Whether you’re looking to develop income-producing duplexes, hold for appreciation, or create a boutique townhome community, these RMD-zoned lots deliver powerful upside in one of Central Texas’s most promising emerging markets.
Listing Agent
LoKation Real Estate, LLC Brokerage Phone: (512) 792-4703 License #0694650 Listed on: 10/27/2025
Property Details
Property Type
- Land
Est. Annual Taxes
- $1,587
Schools
- Bluebonnet Elementary School
- Lockhart Middle School
- Lockhart High School
Utilities
- Phone Available
- Cable TV Available
Additional Features
- Neighborhood Views
- 6,055 Sq Ft Lot
- City Lot
Community Details
- No Home Owners Association
- Olive Grove Sub Subdivision
Listing and Financial Details
- Assessor Parcel Number 119153
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,587 | $78,050 | $78,050 | $0 |
| 2024 | $1,587 | $78,050 | $78,050 | $0 |
| 2023 | $1,351 | $67,880 | $67,880 | $0 |
| 2022 | $1,426 | $61,760 | $61,760 | $0 |
| 2021 | $986 | $38,630 | $38,630 | $0 |
| 2020 | $621 | $22,710 | $22,710 | $0 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/27/2025 10/27/25 | For Sale | $139,000 | -- | -- |
Source: Unlock MLS (Austin Board of REALTORS®)
About the Listing Agent
Connor James is a distinguished Realtor with a wealth of experience in navigating the intricacies of the Austin real estate market. With a tenure spanning over seven years, Connor possesses an innate understanding of the dynamic forces shaping Austin's real estate landscape.
As the driving force behind The Weston Group - Sprout Realty, Connor leads a team of four adept agents committed to delivering unparalleled results. Under his astute leadership, the team executes seamless property
Connor's Other Listings
Source: Unlock MLS (Austin Board of REALTORS®)
MLS Number: 9423366
APN: 119153
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