For Sale
$9,500,000
1601 Royal Crest Dr, Austin, TX 78741
REO Sale: 20.52 Acre Austin Redevelopment Site
Property Size436,656 SF
Lot Size20.52 Acres
Price / SF$21.76
Days on Market170
Property Features for 1601 Royal Crest Dr
General Information
Standard status
Active
Property type
Multifamily properties, Residential income properties
Size
436,656 SF
Lot size
20.52 Acres
Sale Condition
Redevelopment Project
Building Details
Units
562
Listed By:
Ri Marketplace
(301) 509-2017
Added: May 18
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Investment Insights
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Key Highlights
- ±20.52‑acre infill redevelopment opportunity within Austin's East Riverside Corridor, currently improved with the 562‑unit Mia Riverside multifamily community
- Prime urban location minutes from Downtown Austin, Oracle Campus, Lady Bird Lake, Austin‑Bergstrom International Airport, and major employment hubs
- One of the last large‑scale redevelopment tracts in a supply‑constrained corridor, offering significant frontage and exceptional scale with high barriers to entry for future competitors
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,514
Businesses Nearby
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Business Placement
Demographics for 78741, TX
49,344
Population
24,763
Households
2
Avg Household Size
29
Median Age
49%
College-Educated
85%
High-School Grad
7.8 sq mi
ZIP Area
6,326
Density / Sq Mi
$66,434
Median Household Income
$41,533
Median Earnings
$1,477
Median Rent
$376,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - REO Sale: 20.52 Acre Austin Redevelopment Site
Where is this multifamily property located?
The property is located at 1601 Royal Crest Dr Austin, TX.
What is the asking price?
The asking price for this property is $9,500,000.
What are key features of this property?
This property features: ±20.52‑acre infill redevelopment opportunity within Austin's East Riverside Corridor, currently improved with the 562‑unit Mia Riverside multifamily community; Prime urban location minutes from Downtown Austin, Oracle Campus, Lady Bird Lake, Austin‑Bergstrom International Airport, and major employment hubs; One of the last large‑scale redevelopment tracts in a supply‑constrained corridor, offering significant frontage and exceptional scale with high barriers to entry for future competitors
