Austin Land with Development
1300 And 1302 Norwalk Ln, Austin, TX 78703
For Sale
$2,900,000
Pending
0.6 acre lot zoned MF-3 with dual street frontage.
Property SizeContact for details
Days on Market561
Property Features for 1300 And 1302 Norwalk Ln
General Information
Standard status
Property subtype
Site & Location
Neighborhood
Listing Agency:
Muskin Elam Group LLC
Listed By:
Sally Burns (512) 343-2700 · License #0718525
(512) 993-0842
Source:
Findahomeaustin
Added: Apr 25, 2025
Changed: Nov 1
Last Checked: Nov 6 at 9:09AM
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
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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.
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Location Intelligence
Trade Area within ½ mile
514
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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
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Market
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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.
