$675,000

Property Overview

This nearly half-acre lot on Montopolis Drive in Austin presents a rare redevelopment opportunity in one of the city's most strategically positioned neighborhoods. The expansive 21,427-square-foot parcel sits on relatively flat terrain with minimal obstructions, making it an ideal canvas for developers seeking multi-unit projects. The Montopolis area is experiencing significant growth driven by proximity to Lady Bird Lake, downtown Austin, the airport, and Tesla's presence, while nearby amenities include Austin Community College and Riverside Golf Course. City planning documents indicate potential for 6-8 residential units on this site, positioning savvy investors to capitalize on the area's accelerating development trajectory.

The existing 1945-built home offers flexibility for immediate occupancy or renovation. The 2,044-square-foot structure features four bedrooms and two bathrooms across multiple living spaces, including a formal dining area, breakfast booth, and detached guest quarters with its own bedroom and separate entrance. Multiple additions over the decades have expanded the property's functionality, though the primary value proposition lies in the underlying land itself and its redevelopment potential.

Recently reduced, this property attracts developers and investors ready to move quickly on Austin's next emerging corridor. The combination of substantial acreage, favorable zoning potential, and location near major employment and transit hubs makes 808 Montopolis Drive a compelling acquisition for those with development vision and resources.

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: May 19, 2026

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