$550,000

Property Overview

With an approved demolition permit in hand, 1811 Palma Plaza presents a rare development opportunity in Tarrytown, one of Austin's most coveted neighborhoods. This 1938-built home sits on a generous 8,180 square foot lot steps away from Lake Austin access and top-rated schools, offering investors and builders a blank canvas in a tree-lined community known for its prestigious homes and central location. The property's $473 per square foot pricing sits notably below the area median, creating compelling value for those ready to execute their vision on this prime parcel.

The spacious lot and approved demo permit eliminate typical redevelopment barriers, allowing straightforward path to new construction or thoughtful restoration of the home's original character. Located on Palma Plaza in the heart of Tarrytown, this offering appeals to discerning buyers seeking both location prestige and development flexibility. Minutes from downtown Austin's cultural attractions and dining scene, the property combines neighborhood tranquility with urban convenience.

Vox Residential Insight

At Vox Residential, we recognize that approved demo permits in Tarrytown move quickly, and this 8,180 square foot lot with its 23% discount to area per-square-foot pricing represents legitimate scarcity in this market segment. The combination of location pedigree, clearance to build, and below-median positioning makes this a strategic acquisition for owner-builders serious about executing their project without the usual entitlement delays.

Agent Description

DEMO PERMIT APPROVED - Nestled in the highly sought-after Clarksville neighborhood, 1811 Palma Plaza offers an incredible opportunity just minutes from downtown Austin. This 1,164 sq. ft. home, built in 1938, sits on a spacious 8,181 sq. ft. lot, providing ample potential in one of the city’s most desirable and historic areas. Whether you envision a full remodel to preserve its classic charm or a complete teardown and redevelopment to create something entirely new, this property is ideally suited for your vision. A rare find in a prime location, perfect for those looking to invest in one of Austin’s best neighborhoods. Please, No Wholesalers: Net Worth Realty, New Western, Trident, Profit Homes, Aurumys. Please, No Wholesalers: Net Worth Realty, New Western, Trident, Profit Homes, Aurumys.

Neighborhood: Tarrytown

This property is located in Tarrytown, Austin, TX. The area is known for Lake Austin Access, Top-Rated Schools, Tree-Lined Streets, Prestigious Homes, Central Location.

At $473/sqft, this listing is priced 23% below the Tarrytown median of $611/sqft.

Property Details

Listing data last updated: May 19, 2026

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