$750,000

Property Overview

Positioned directly across from The Grove in highly sought Bryker Woods, this 1807 W 38th St property presents a rare redevelopment opportunity on a spacious, level 7,056-square-foot lot in Central Austin. The just-over-one-acre parcel currently hosts two structures—a three-bedroom main residence and a rear efficiency unit—both requiring complete renovation, with the true value residing in the land itself and its exceptional location. The mature trees blanketing the property provide established canopy, while rear alley access and proximity to Shoal Creek Trail enhance the development potential for savvy investors and builders alike.

At $750,000, this offering sits 29 percent above the neighborhood's median price per square foot, reflecting the extraordinary land value and proximity to The Grove's vibrant shopping, dining, and entertainment options. The property's flat topography, north-facing exposure, and established infrastructure position it as an ideal candidate for new custom construction or a comprehensive renovation by buyers with vision. Bryker Woods' excellent elementary school and tree-lined streets create an enviable neighborhood setting, while the central location connects residents to downtown Austin, UT campus, and major employers within minutes.

Vox Real Estate Insight

This is the kind of Central Austin land play that Vox Real Estate watches closely—the highest and best use is likely new construction given the renovation scope, but the property's already-solid bones and recent rental history ($3,350/month) appeal to different buyer profiles with different timelines. The Grove proximity and Bryker Woods location represent the kind of appreciating Central Austin real estate that compounds in value whether you're building immediately or holding for future development.

Agent Description

Amazing opportunity in a prime Central Austin location directly across from The Grove. This large, flat lot with rear alley access is ideal for a new custom home or a complete renovation. The property is being sold as-is, with the value primarily in the land. There are two structures on the property: a 2-bedroom, 1-bath main house and a nice efficiency unit at the rear. Both structures are solid but require a complete renovation. The property previously generated $3,350 per month in rental income in its current condition; however, the former tenants left it in poor condition. The highest and best use may be a teardown for new construction, although buyers looking for a major renovation project will also appreciate the property's potential. Its exceptional location directly across from The Grove places shopping, dining, parks, and entertainment just steps away, making this a rare redevelopment opportunity in one of Central Austin's most desirable areas.

Neighborhood: Bryker Woods

This property is located in Bryker Woods, Austin, TX. The area is known for Top Elementary School, Mid-Century Homes, Shoal Creek Trail, Tree-Canopied Streets, Central Location.

At $646/sqft, this listing is priced 29% above the Bryker Woods median of $499/sqft.

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