$424,000

Property Overview

This South Manchaca gem sits on a rare quarter-acre lot zoned SF3, positioning it as a compelling development opportunity near the William Cannon and Manchaca intersection. The 1972-built home itself is solid—a well-maintained three-bedroom, two-bath residence that recently received a fresh 30-year roof installation in 2024. At $424,000 and priced six percent below area median, this property offers genuine value while opening multiple pathways forward for savvy investors and owner-occupants alike.

The generous 10,890-square-foot lot is the real draw here. Its SF3 zoning allows flexibility rarely seen in established South Austin neighborhoods, creating possibilities from adding accessory dwellings to subdividing into multiple parcels or developing a condo regime. Surrounding comparable developments demonstrate strong market demand, with similar projects in the immediate area attracting premium pricing. The property's location near the growing William Cannon corridor, combined with South Austin's expanding amenities and ranch-home character, makes this an attractive entry point into one of Austin's most dynamic neighborhoods.

Vox Residential Insight

The Vox Residential team recognizes this Cannonleague listing as a rare zoning opportunity in South Manchaca—the SF3 designation paired with the oversized lot gives investors legitimate development leverage in an increasingly sought-after area. At $75,000 below appraisal with seller assistance included, this property arrives at a moment when South Austin lot value is climbing, making the acquisition economics particularly favorable for those ready to execute.

Agent Description

$ 75K below appraisal! Plus $5K seller assistance. !Discover an exceptional opportunity where potential meets prime location, offering a versatile canvas for investors and homeowners alike. This property, zoned SF3 on a generous quarter-acre lot near the prominent intersection of William Cannon and Manchaca, presents a rare chance to capitalize on Austin's dynamic real estate market. The existing home, a well-maintained 3-bedroom, 2-bathroom residence spanning two stories and 1312 square feet, is in good condition, ensuring a smooth appraisal and financing process. The recent 2024 installation of 30-year dimensional roof shingles provides peace of mind and long-term durability. The expansive lot opens doors to various development possibilities, including adding income-producing rental units, subdividing into multiple single lots, or creating a condo regime, mirroring successful projects in the immediate vicinity where similar homes commanded prices between $600,000 and $700,000. While the current floor plan offers unique charm, there is ample space to enhance its functionality by adding a half-bath downstairs, potentially utilizing a small part of the over sized garage with workshop. This property is more than a home; it's a strategic investment in a thriving Austin neighborhood, poised for significant growth and offering endless possibilities for custom development or a comfortable living experience. 2-1 buydown starting at 4.35% and free refi offered by lender and other special loan programs.

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 $323/sqft, this listing is priced near the South Manchaca median of $338/sqft.

Property Details

Listing data last updated: July 16, 2026

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