$427,500

Property Overview

This rare South Manchaca offering represents one of Austin's final undeveloped lots on an otherwise built-out cul-de-sac in the established Greenwood Forest neighborhood. The 1962 brick home currently generates tenant income through May 2027, providing immediate cash flow while the 7,640-square-foot lot awaits its next chapter. Whether envisioned as a rental investment, a development opportunity to complete the block, or a future renovation project, 1402 Camelot Circle delivers flexibility that rarely surfaces in this South Austin location.

Positioned at $427,500, the property commands a 29% premium over the area median price per square foot—justified by its strategic position surrounded by newer construction and limited remaining land availability. The survey confirms minimal tree impact, creating a relatively clean canvas for ambitious owners. Minutes from growing South Austin amenities and established neighborhoods, this shovel-ready potential appeals equally to investors seeking near-term income, builders looking to finalize their street, or buyers willing to strategically wait for their moment.

Vox Residential Insight

At Vox Residential, we recognize this as a genuine closing opportunity on a fully-developed street in one of Austin's most desirable South Austin corridors—the kind of finality that rarely repeats itself. The combination of immediate rental income, minimal permitting obstacles, and genuine neighborhood completion appeal makes this a calculated acquisition for the right buyer or builder.

Agent Description

Surrounded by new development, 1402 Camelot Circle is Austin's last untapped lot on the street. Sitting on a fully developed cul-de-sac in the established Greenwood Forest neighborhood, every surrounding property has already been built out — making this the final opportunity to close out the block. The existing one-story brick home works as a solid starter residence or a straightforward teardown — with minimal tree impact confirmed by survey, there's little standing between you and a shovel-ready lot. A tenant is currently in place through May 2027, generating immediate rental income and giving developers a natural runway to work through permitting and planning without carrying a vacant property. Whether you're an investor looking for cash flow, a builder ready to close out the street, or a buyer who wants to grow into a future project — this property checks multiple boxes. Appointment only; 24-hour notice required for all showings.

Neighborhood: South Manchaca

This property is located in South Manchaca, Austin, TX. The area is known for Great Value, Generous Lots, Ranch-Style Homes, South Austin Location, Growing Amenities.

At $444/sqft, this listing is priced 29% above the South Manchaca median of $345/sqft.

Property Details

Listing data last updated: May 19, 2026

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