5503 Wolf Ln Del Valle, TX 78617

This exceptional 56-acre property in Del Valle, Texas (Travis County, zip code 78617), presents a unique investment opportunity. Located on Wolf Lane, off Texas State Hwy 71 (9 miles east of Bergstrom International Airport), this unrestricted land offers versatile development options. The property's location within a federally designated Opportunity Zone provides significant tax advantages, including deferred or reduced capital gains taxes and potential tax-free gains after a designated holding period. Currently lacking utility hookups and situated in a floodplain, this presents a cost-effective entry point for investors willing to implement necessary infrastructure and innovative solutions. The expansive acreage is well-suited for various uses, including agricultural ventures, recreational projects, conservation efforts, or innovative floodplain-compatible developments. Its position in a rapidly developing area, between Austin and Bastrop, ensures high growth potential as surrounding communities expand and infrastructure improves. The large parcel size (56 acres) is a significant advantage in a market where such properties are becoming increasingly rare. While there is no water or sewer service available, and buyers must conduct their own due diligence regarding floodplain management, this property offers substantial long-term value and immediate income potential. The APN is 297684. The asking price is $840,000, with a land value of $15,000-$20,000 per square foot.