406 W LIVE OAK ST Austin, TX 78704 New

UPDATED: 04/30/2026 08:30 PM ON MARKET: 1 days on market

$5,500,000

0.95 Acres

Key Details

Property Type Vacant Land

Sub Type Multiple Lots (Adjacent)

Listing Status Active

Purchase Type For Sale

Subdivision Gillis Simon

MLS Listing ID 7419089

Tax Year 2025

Lot Size 0.950 Acres

Acres 0.95

Lot Dimensions 220x230

Property Sub-Type Multiple Lots (Adjacent)

Source actris

Property Description

Rare South Austin development opportunity approved for 12 homes across six individual MF-3 zoned residential lots with potential downtown views. Located just off South 1st Street and only 1.5 miles from Lady Bird Lake, this site offers exceptional proximity to downtown, South Congress, South 1st retail, restaurants, and major lifestyle corridors. Four lots have already been leveled and are development-ready, with a 2,400 SF remodeled sales office currently onsite and a demo permit approved for immediate redevelopment. Site plans and approved plans are available upon request, providing a strong head start for a builder looking to move quickly. With new construction comps in the area selling for approximately $750–$835/SF, this is an ideal scale project for a mid-size builder seeking a rare multi-lot infill site in one of Austin's most supply-constrained locations. Extremely

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Data last updated: 05/01/2026 12:33