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    Conejo Dr Austin, TX 78734

    For Sale
    $475,000

    0.75-acre lot, Austin, multifamily potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 0.753-acre residential lot presents a unique investment opportunity in Austin, Texas. Located at the corner of Conejo Dr and Hudson Bend Rd, this property boasts paved frontage and enjoys stunning views. The location offers easy access to the amenities of Lake Travis, including the highly desirable Lake Travis ISD schools, a local hospital, and a convenient array of shopping and services. Commuting to Austin is a breeze, with a travel time of approximately 30 minutes. A previous buyer secured HOA approval for a seven-unit condo project, plans for which may be available. The property is zoned for residential multifamily use, making it ideal for developing a high-end residential project to meet the area's growing housing demand. The lot's size and prime location within Travis County, zip code 78734, present a compelling opportunity for discerning investors seeking to capitalize on Austin's thriving real estate market. The APN is 155182. The asking price is $475,000.

    Property Features for 0 Conejo Dr

    General Information

    Property type
    Land
    Lot Size
    32,801 SF

    HighLights

    • Lake Travis ISD location.
    • Corner lot with paved frontage.
    • Proximity to Lake Travis.
    • 30‑minute commute to Austin, TX.
    • Stunning views.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.928124298835
    Latitude
    30.398863441034

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    FAQs

    What type of property is this?
    Land - 0.75-acre lot, Austin, multifamily potential.
    Where is this land located?
    The property is located at Conejo Dr Austin, TX.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: Lake Travis ISD location.; Corner lot with paved frontage.; Proximity to Lake Travis.
    Request Owner's contact information
    Conejo Dr Austin, TX 78734
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Conejo Dr Austin, TX 78734
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