Property Overview

This nearly half-acre lot on Montopolis Drive presents a rare redevelopment opportunity in one of Austin's most dynamic neighborhoods. The property's generous 21,427 square feet of relatively flat, minimally obstructed land makes it an ideal canvas for developers seeking to capitalize on the Montopolis area's rapid transformation. With proximity to Lady Bird Lake, downtown Austin, the airport, and Tesla's expanding presence, this location offers compelling growth potential. The City of Austin has indicated the site could accommodate 6-8 multi-unit residential units, positioning savvy investors to benefit from the area's strong development trajectory.

The existing 1945-built home spans 2,044 square feet and includes four bedrooms, two bathrooms, and thoughtfully designed living spaces accumulated through decades of additions. The main residence features two separate living areas, a formal dining room, and a charming breakfast nook, while attached guest quarters provide an additional bedroom and living space. At $330 per square foot, the current pricing reflects the property's development-focused appeal rather than its residential value, presenting motivated sellers open to negotiation.

Montopolis Drive's proximity to Austin Community College and Riverside Golf Course, combined with its accessibility to major employment and transportation hubs, strengthens the case for residential intensification. This is the type of strategically positioned Austin property that attracts forward-thinking developers ready to shape the next chapter of neighborhood growth.

Agent Description

Drastic Price Reduction! Attention New Home Developers and Re-Developers! Property is back on the market and offers a real opportunity for redevelopment. Family is willing to listen to offers. This is one of kind opportunity to fully develop an almost half acre lot with minimal obstructions & on a relatively flat lot. The Montopolis Area is quickly developing because of the proximity to the Lady Bird Lake, & the downtown area as well as the airport & Tesla. Austin Community College & Riverside Golf Course are just around the corner. The original home, itself was built around the mid 1940s and has had several additions throughout the years. There are two living areas in the main house and an additional living area in the attached guest quarters where you'll find a separate bedroom. In the main house there is a formal dining area plus a really cute & cozy breakfast booth. This lot maybe a perfect candidate for a multi unit condo community - City has stated that as many as 6-8 units may fit on this lot - but of course you'll have to get with the City Development & Planning folks with your own plans.

Property Details

Listing data last updated: March 25, 2026

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