$225,000

Property Overview

This North Austin corner lot on Capitol Drive in Georgian Acres presents a rare value opportunity at just $161 per square foot, nearly 40 percent below the neighborhood's median price. The one-story brick home sits on a generous quarter-acre parcel in an established community positioned for growth, with straightforward access to The Domain, Q2 Stadium, and Downtown Austin via nearby highways. Recent upgrades including a new HVAC system and water heater provide a functional foundation, while the layout offers three bedrooms and two bathrooms within 1,400 square feet.

Investors and builders recognize the true potential here. The substantial lot size combined with the property's location in an increasingly developed corridor creates flexibility for various strategies—whether thoughtful renovation, reconstruction, or strategic redevelopment opportunities. Proximity to major employment centers, retail, and entertainment venues in Mueller and The Domain makes this an intelligent play in one of Austin's most accessible and affordable neighborhoods. Four parking spaces on the driveway and a fenced backyard round out the practical features of this investment-grade property.

Vox Real Estate Insight

The Vox Real Estate team sees this Capitol Drive property as a classic North Austin value play for builders and investors who understand Georgian Acres' trajectory. At 39 percent below area pricing, the combination of corner-lot dimensions, recent systems upgrades, and strategic location near The Domain creates the kind of opportunity that moves quickly in this market.

Agent Description

INVESTOR & BUILDER OPPORTUNITY! Unlock the potential of this North Austin property sitting on a .27-acre lot in an established and highly desirable location. Whether you’re an investor, builder, developer, or buyer looking for your next project, this property offers an opportunity to reimagine the site and create something new. Recent updates within the past two years include a new HVAC system and water heater, but the existing home may require significant renovation. For the right buyer, this creates an opportunity to pursue a major renovation, reconstruction, or potential redevelopment—subject to zoning, permitting, site conditions, and buyer due diligence. Location is a major asset. Conveniently situated near major roads with easy access to Downtown Austin, The Domain, Mueller, shopping, dining, entertainment, and major employment centers. The surrounding area combines established neighborhoods with ongoing investment and development, making this an attractive location for those looking for long-term potential. Bring your vision, your plans, and your construction team. This is an opportunity to take an existing property and potentially transform it into something that better reflects today’s market and your investment strategy. Property is being sold AS-IS, WHERE-IS, with no repairs or warranties from the seller. Buyer is responsible for all inspections and independently verifying square footage, lot dimensions, zoning, permitted uses, setbacks, utilities, restrictions, permits, development options, and the feasibility of any proposed renovation, reconstruction, or redevelopment. Investors. Builders. Developers. A .27-acre North Austin opportunity with plenty of potential—come explore what’s possible.

Neighborhood: Georgian Acres

This property is located in Georgian Acres, Austin, TX. The area is known for Affordable Living, Near The Domain, Q2 Stadium Access, Highway Convenience, Growing Area.

At $161/sqft, this listing is priced 41% below the Georgian Acres median of $274/sqft.

Property Details

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Parking

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