$700,000

Property Overview

This 1.12-acre property on Cameron Loop presents a rare opportunity for developers and owner-occupants alike in South Austin's established 78745 neighborhood. The gently sloping lot retains its heritage character through mature oak trees and sits fully utilities-connected on public sewer and water with no flood plain concerns. At $700,000, the price-per-square-foot of $268 reflects the land value and development potential rather than the existing 1964 residence, a 3-bed, 2-bath home suitable for remodeling, replacement, or removal to make way for new construction.

The property's true distinction lies in its flexible zoning pathway. A recent land-planning report indicates the site can be rezoned to SF-3 for subdivision into multiple single-family lots or to MF for higher-density projects, with potential capacity for up to 30 units depending on configuration. Minimal easements and restrictions streamline the rezoning process, and the sellers are open to navigating that approval timeline during contract. For those seeking a single custom home without rezoning complications, the existing structure and clear southeast-facing orientation provide an immediate foundation.

Situated in the Bowles subdivision and served by Cowan Elementary, Covington Middle, and Bowie High School, this Cameron Loop parcel represents the kind of rare South Austin land opportunity that combines established neighborhood character with meaningful redevelopment flexibility.

Vox Real Estate Insight

We've walked this Cameron Loop property multiple times and see it as one of the few remaining large-lot development parcels left in South Austin with straightforward rezoning potential and engaged sellers willing to work through the process. The heritage oaks and minimal deed restrictions make this an unusually clean slate for the right developer or long-term owner-builder in this competitive Austin market.

Agent Description

Don’t miss this versatile development opportunity in South Austin’s 78745! Ask for our recent land-planning report that indicates this 1+ acre property can be rezoned to SF-3 and subdivided to accommodate up to 30 homes, or rezoned to MF for even greater density. Sellers are open to undergoing the rezoning process during the contract period — let’s have a conversation. All utilities are connected, property is not in the flood plain, and there are minimal easements and restrictions to encumber your project. There is a gentle slope to the lot toward Westgate. This plat — originally part of a larger dairy farm — is full of history and features several beautiful heritage oaks that will enhance any future development. Contact the listing agent to schedule time to walk the property. If a custom home is what you want, there is an existing 1960s home on the property that could be remodeled or replaced with no re-zoning needed. This is truly a unique property in a wonderful South Austin location!

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