$399,000

Property Overview

This 1945 cottage on Lyons Road presents a compelling redevelopment opportunity for builders and investors seeking prime real estate near downtown Austin. Situated on an expansive 12,327 square foot lot in the 78702 zip code, the property offers substantial land value in a rapidly evolving neighborhood where new construction has become increasingly common. The current two-bedroom, one-bath structure totaling 1,208 square feet sits on what locals recognize as premium infill acreage, positioning this as an ideal candidate for either significant renovation or complete redevelopment.

The location delivers walkability to neighborhood staples including local restaurants, coffee shops, and Austin's vibrant street-level culture, while remaining just minutes from downtown via convenient access. At $399,000, the price reflects the land's development potential rather than the existing structure's condition. Surrounding new builds demonstrate strong market demand in this corridor, making 3509 Lyons Road an attractive entry point for those looking to capitalize on Austin TX's continued growth and the neighborhood's trajectory toward modernization.

Vox Residential Insight

We're seeing significant investor interest in 78702 properties with oversized lots like this one, particularly as the neighborhood continues its transition toward new development. In Austin's current market, land value and redevelopment potential often outweigh the existing structure, making this fresh listing especially well-positioned for the builder community.

Agent Description

Prime redevelopment opportunity in 78702! Situated on an oversized 0.28 acre lot, 3509 Lyons Road is walkable to many local restaurants and coffee shops, all while being just minutes from downtown. The house either needs a complete remodel or could be torn down to go alongside lots of other new builds in the area.

Property Details

Listing data last updated: July 16, 2026

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