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501 Drawbridge RD, Austin, TX 78746

$3,900,000

5 bd · 2 ba · 2,466 sqft

501 Drawbridge RD, Austin, TX 78746

501 Drawbridge RD, Austin, TX 78746 is a 5-bedroom, 2-bathroom single family residence listed at $3,900,000 ($1582/sqft). 2,466 sqft. Built in 1967. MLS #3266989. Listed by Allure Real Estate.

Property Overview

Commanding 5.67 acres in Austin, TX, this Drawbridge Road property offers a rare blank canvas for visionary landowners seeking privacy without sacrificing proximity to the city. The original 1967 single-story residence, a solid rock-built structure, sits elevated on the expansive lot and can be renovated to suit modern tastes or demolished to make way for new construction. At $3.9 million, the price positions this substantial acreage as a compelling opportunity for those exploring residential development, multi-generational compounds, or creating a sprawling estate retreat.

The property's commanding position at the top of its lot maximizes views and ensures optimal land use across the 246,985-square-foot parcel. Mature landscaping and natural terrain create distinct zones for living, recreation, and future projects, while the generous setback from Drawbridge Road preserves the sense of seclusion. Located in central Austin, the acreage balances rural tranquility with convenient access to shopping, dining, and major thoroughfares—a genuine rarity in today's competitive market where large, developable tracts within the city limits rarely become available.

Vox Residential Insight

Vox Residential sees this as a transformational opportunity for serious land investors and builders; the substantial acreage, established infrastructure location, and clear development potential make it one of the more compelling large-lot offerings we've encountered in the current Austin market. Properties of this scale and positioning in central Austin typically generate multiple interest trajectories, from full renovations to ground-up development.

Agent Description

Discover a truly exceptional opportunity to embrace expansive living and build your dream home on a remarkable 5.67-acres in Austin, Texas. This property offers a unique blend of privacy and convenience, providing a serene retreat from the bustling city while maintaining easy access to urban amenities. The generous acreage presents endless possibilities, from creating a personal oasis to exploring potential developmental ventures. Renovate the 1960s single story rock residence, built like a fort, or create something new. The home encompasses 2466 square feet of thoughtfully designed living space and is perfectly situated at the top of the lot. Nestled in a desirable Austin location, this property provides a canvas for crafting your ideal living environment. The vast outdoor space invites exploration and enjoyment, promising a harmonious balance with nature. Experience the tranquility and potential that this magnificent acreage provides, a rare find that combines spaciousness with a prime address.

Property Details

Property TypeSingle Family Residence
Year Built1967
Bedrooms5
Bathrooms2
Living Area2,466 sqft
Lot Size246,985.2 sqft
Price per Sqft$1582
ListedMay 30, 2026
MLS #3266989
Listed ByAllure Real Estate

Listing data last updated:

Frequently Asked Questions

What is the listing price of 501 Drawbridge RD, Austin, TX 78746?

This property is listed at $3,900,000, which is $1582 per square foot.

How many bedrooms and bathrooms does 501 Drawbridge RD, Austin, TX 78746 have?

This home has 5 bedrooms and 2 bathrooms, with 2,466 square feet of living space.

When was 501 Drawbridge RD, Austin, TX 78746 built?

This property was built in 1967, making it 59 years old.

How long has 501 Drawbridge RD, Austin, TX 78746 been on the market?

This listing has been on the market for 20 days.

What type of property is 501 Drawbridge RD, Austin, TX 78746?

This is a Single Family Residence on a 246,985.2 sqft lot.

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