$4,200,000
For Sale

1121 Azie Morton Road

Austin, TX 78704
Browse 26 photos
Type:Purchase
Structure:Land
Zone:Residential

Description

Welcome to 1121 Azie Morton, nestled in the heart of Austin's coveted Zilker neighborhood. Here, amidst the vibrant energy of the city and just steps away from the soul of Austin, Barton Springs Pool, famed Zilker Park, ACL festival grounds, and minutes to downtown lies a special and unicorn parcel in Zilker. An expansive 1.5-acre lot with possibility of amazing city views awaits your vision..
The possibilities that await on this remarkable parcel of land are endless. Per a comprehensive land study recently completed, up to 23k sq ft can be developed inclusive of all protected trees for an incredible family estate with primary home, in-law living structure and even a guest house for a truly unique generational estate on one parcel surrounded by nature yet minutes to all. Per the same feasibility study, a visionary developer could easily build 3500-4500 sq ft individual homes with private lots and pools. At current price and assuming $900/ft exit prices 1.5-2 years out, the site projects to a 15-20% project rate of return. Seller is open to creativity and flexibility on the development side.
Rarely do opportunities like this present themselves—seldom can lots of this size and location in Zilker be found again. Don't miss your chance to be part of something truly extraordinary and creating memories that lasts generations.

  • Property Details
      • Utility FeaturesElectricity Available, Sewer Available, Water Available
      • ViewCity Lights, City, Park Greenbelt, Hills, Creek Stream
      • Lot DescriptionMany Trees, Trees Large Size, Trees Medium Size
      • SubdivisionZilker Hilltop Add
      • Property SubtypeUnimprovedLand
      • Sewer InformationPublic Sewer
      • School DistrictAustin ISD
      • Original List Price$4,995,000
      • Property TypePurchase
      • Middle SchoolO Henry
      • MLS #7957053
      • Cost4200000
      • MLS #7957053
      • Acres1.5204
      • Utility SourcePublic
      • Elementary SchoolZilker
      • High SchoolAustin
      • CountyTravis
      • Days on Market (Cumulative)138

Location

The Dick Dallas AgencyReal Estate Group
OR

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