Active

1100 Harvey ST

Austin TX, 78702

$5,250,000


$54.05 per sqft

Active

2.23 Acres

Land

Exceptional Development Opportunity in East Austin's Rosewood Neighborhood

Discover an exceptional development opportunity in the heart of East Austin's coveted Rosewood neighborhood. This rare 2.23 +/- acre property, located in the highly desirable 78702 zip code, offers multifamily developers a prime location near the bustling intersections of Oak Springs Drive and Airport Boulevard. Bordered by a 6-acre tract of city-owned land to the east, this site provides an added layer of privacy and tranquility. With dual access points via Harvey Street and Sol Wilson Avenue, the property offers convenient ingress and egress options, with Sol Wilson Avenue offering a beautifully wooded driveway with new construction townhomes that enhance the approach to the site.

Currently zoned MF-3 (Multifamily Residence Medium Density), the site accommodates a maximum density of up to 36 units per acre, ideal for medium-density residential projects. Development guidelines allow for 55% building coverage, 65% impervious cover, and building heights up to 40 feet, giving developers ample flexibility in design and construction. The topography of the land is perfect for creating a modern enclave of architecturally distinct residential buildings, offering potential views of downtown Austin to the west and park views to the south. The property's natural beauty is further accentuated by mature live oak, elm, and sycamore trees, providing a picturesque setting for future residents.

With the growing demand for quality housing in East Austin, this property stands out as a prime investment opportunity. Developers are encouraged to conduct a feasibility study to determine the highest and best use of the lot and to explore the full potential of buildable units. Seize this chance to develop a standout residential community in one of Austin's most vibrant and sought-after neighborhoods.

1900030

MLS ID

August 21, 2024

Listed

October 14, 2024

Updated

Map

1100 Harvey ST
Austin TX, 78702

Exterior/Building Features

Lot Size

2.23 Acres


Exterior Features

None


Lot Features

Interior Lot, Irregular Lot, Sloped Down, Trees-Large (Over 40 Ft), Many Trees, Trees-Medium (20 Ft - 40 Ft), Trees-Moderate, See Remarks


Sewer

Public Sewer, See Remarks

School Information

School District

Austin ISD


High School

Eastside Early College


Elementary School

Oak Springs

Other Property Details

Area Name

5


Taxes

$20,143


Tax Frequency

Annually


Garage

No


View

Yes


View Description

City, Trees/Woods


County

Travis


Water Source

See Remarks


Pool

No

Courtesy of Devora Realty

Listing Contact: (512) 961-9084

Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Cord Shiflet shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Austin/Central Texas Realty Information Service.

Listings courtesy of ACTRIS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of ©2024 (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Database last updated 5:40 PM UTC, 10/14/2024

 

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