Austin Land with Development
For Sale
$2,900,000
Pending
1300 And 1302 Norwalk Ln, Austin, TX 78703
0.6 acre lot zoned MF-3 with dual street frontage.
Property SizeContact for details
Days on Market444
Property Features for 1300 And 1302 Norwalk Ln
General Information
Standard status
Pending
Property subtype
Land/Lot
Listing Agency:
Muskin Elam Group LLC
Listed By:
Sally Burns (512) 343-2700 · License #0718525
(512) 993-0842
Source:
Findahomeaustin
Added: Jun 22, 2025
Changed: Sep 4
Last Checked: Sep 8 at 8:43AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Muskin Elam Group LLC
Investment Insights
Based on property information with market context.
This 0.6-acre lot, zoned MF-3, presents a development opportunity with dual street frontage. The zoning allows for nearly 20,000 square feet of construction. Preliminary drawings suggest the possibility of constructing 12 condominiums, each approximately 1,600 square feet, featuring two-car garages and private roof terraces. The location benefits from high rental demand, supported by its proximity to top-rated Austin ISD schools and major employers such as Seton Healthcare, Dell Technologies, and Google’s Austin campus. Recent sales of neighboring 1,500 square foot condos range from $750,000 to over $1,000,000. The average sale price of a single-family home within a one-mile radius of the property is $1,900,000.
Key Highlights
- High rental demand due to proximity to top‑rated Austin ISD schools and major employers.
- MF‑3 zoning allows for nearly 20,000 sq ft of construction on a 0.6‑acre lot.
- Dual street frontage.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
514
Businesses Nearby
Explore this area
Business Placement
Demographics for 78703, TX
22,194
Population
12,237
Households
1.8
Avg Household Size
38
Median Age
84%
College-Educated
99%
High-School Grad
5.6 sq mi
ZIP Area
3,963
Density / Sq Mi
$144,637
Median Household Income
$80,622
Median Earnings
$2,217
Median Rent
$1,353,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Land - 0.6 acre lot zoned MF-3 with dual street frontage.
Where is this land located?
The property is located at 1300 And 1302 Norwalk Ln Austin, TX.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: High rental demand due to proximity to top‑rated Austin ISD schools and major employers.; MF‑3 zoning allows for nearly 20,000 sq ft of construction on a 0.6‑acre lot.; Dual street frontage.
