8737 W Highway 71 Austin, TX 78735
West Oak Hill NeighborhoodEstimated payment $27,064/month
Highlights
- View of Trees or Woods
- 24.91 Acre Lot
- Separate Outdoor Workshop
- Small Middle School Rated A-
- No HOA
- Poultry Coop
About This Lot
Discover an exceptional investment opportunity with this expansive +/- 24.9-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. Currently zoned for rural residential / ag. 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 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.
Listing Agent
Levi Rodgers Real Estate Group Brokerage Phone: (210) 331-7000 License #0642133 Listed on: 08/16/2024
Property Details
Property Type
- Land
Est. Annual Taxes
- $42,550
Lot Details
- 24.91 Acre Lot
- Poultry Coop
- Native Plants
- 836651
- May Be Possible The Lot Can Be Split Into 2+ Parcels
Parking
- 1 Car Garage
Property Views
- Woods
- Hills
- Park or Greenbelt
Additional Homes
- Residence on Property
Schools
- Oak Hill Elementary School
- Small Middle School
- Bowie High School
Utilities
- Well
- Septic Tank
- High Speed Internet
Listing and Financial Details
- Assessor Parcel Number 04065006120000
Community Details
Overview
- No Home Owners Association
- Covered Bridge Whitecrowe Sub Subdivision
Recreation
- Exterior Lighting
- Separate Outdoor Workshop
- Shed
Map
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 |
|---|---|---|---|---|
| 2023 | $42,550 | $2,351,783 | $1,077,459 | $1,274,324 |
| 2022 | $46,784 | $2,368,904 | $1,077,459 | $1,291,445 |
| 2021 | $30,800 | $1,414,982 | $703,764 | $711,218 |
| 2020 | $13,237 | $982,707 | $448,434 | $534,273 |
| 2018 | $1,833 | $448,434 | $448,434 | $0 |
| 2017 | $1,845 | $82,726 | $448,434 | $0 |
| 2016 | $1,845 | $82,736 | $448,434 | $0 |
| 2015 | $7,099 | $298,200 | $1,627,815 | $0 |
| 2014 | $7,099 | $298,306 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/10/2025 04/10/25 | Price Changed | $4,250,000 | 0.0% | -- |
| 04/10/2025 04/10/25 | Price Changed | $4,250,000 | -12.4% | -- |
| 10/03/2024 10/03/24 | Price Changed | $4,850,000 | 0.0% | -- |
| 10/03/2024 10/03/24 | Price Changed | $4,850,000 | -3.0% | -- |
| 08/28/2024 08/28/24 | For Sale | $5,000,000 | 0.0% | -- |
| 08/16/2024 08/16/24 | For Sale | $5,000,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Vendors Lien | -- | None Available | |
| Vendors Lien | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $939,000 | Purchase Money Mortgage | |
| Previous Owner | $403,000 | New Conventional |
Source: Unlock MLS (Austin Board of REALTORS®)
MLS Number: 8702716
APN: 836651
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