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1100 Harvey ST, Austin, TX 78702

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For Sale

$5,250,000

2.23 acres

Estimated Payment

$      /mo. †

APR for 30 years

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  • Other Residential
    Property type

  • 2.2 acres
    Lot size

Explore this Property

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.
MLS# 1900030

Courtesy Of Devora Realty LLC

(512) 961-9084

Property Features

  • Amenities
    Dock
  • Architecture Style
    Other
  • Lot Size
    2.23 Acres
  • View Type
    City

Map and Directions

Directions to 1100 Harvey ST, Austin, TX 78702

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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