$599,000

Property Overview

This nearly half-acre property on Wheless Lane in Windsor Park presents a rare development opportunity in one of Austin's most sought-after neighborhoods. The existing 1947 structure is positioned as a tear-down on highly developable land, with the added advantage of a newly installed 4-inch sewer line completed in 2025—a $30,000+ improvement already permitted and in place. The flat, clear buildable center of the lot opens multiple possibilities under Austin's evolving HOME initiative, which allows small lot single-family residential use on parcels as small as 1,800 square feet, making this 21,039-square-foot lot ideal for subdivision into two distinct parcels or multi-unit development.

Windsor Park's proximity to Downtown and UT Austin, combined with its reputation as an affordable, family-friendly neighborhood with a growing food scene, makes this location increasingly attractive to developers and investors. The area is experiencing significant momentum, with Mueller nearby driving renewed interest and investment. This property's development potential, combined with infrastructure improvements already completed, positions it as a compelling investment for those looking to capitalize on Austin's housing demand and Windsor Park's evolution as a dynamic, accessible neighborhood.

Vox Residential Insight

Vox Residential sees this as a genuine development play with substantial pre-work already completed—that permitted sewer line represents real savings and removes a major variable for builders. The Windsor Park location offers both affordability relative to many central Austin neighborhoods and genuine upside potential as the area continues its transformation.

Agent Description

This almost half acre property is being marketed as a tear down. A new 4" sewer line from the house to the street has been installed in Aug/Sept 2025 for >$30,000 with full permits, which will save on development cost. According to the City of Austin's HOME initiative property code changes, 'small lot single-family residential use' allows for development on lots as small as 1800 ft. The highest and best use of this property might be to subdivide it into two 10,000SF+ lots and build multiple units on each lot, or build multiple units on the whole almost half acre property. There is no tree survey available, but most of the trees are on the periphery of the lot and the center part of the lot which would be the buildable area is clear and flat. There is a lot of new development in this area and it is very desirable due to proximity to Downtown as well as UT Austin.

Neighborhood: Windsor Park

This property is located in Windsor Park, Austin, TX. The area is known for Affordable Homes, Growing Food Scene, Mueller Adjacent, Family-Friendly, Diverse Community.

At $426/sqft, this listing is priced 8% above the Windsor Park median of $394/sqft.

Property Details

Listing data last updated: July 16, 2026

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