Active
  • Price cut: $125K (11/14)
    $4,075,000

    1121 Roberts Ave, Austin, TX 78704

    0beds
    0baths
    1.52Acres
    Unimproved Land
    Built in ----
    1.52 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Welcome to The Azie, Austin's Legacy Build Opportunity. Tucked just minutes from downtown, Barton Springs, and Zilker Park, this is more than just land — it’s a 1.5 acre canvas with possibility of amazing city views for a generational vision. On Azie Morton, where opportunities of this size and location are nearly unheard of, this property offers a rare chance to create a self-sustaining compound, custom estate, or visionary investment. Whether the buyer is a family looking to build a lasting legacy or a developer seeking an irreplaceable canvas, this is one of the rarest land offerings in Austin today.nestled in the heart of Austin's coveted Zilker neighborhood. Per a comprehensive land study recently completed, up to 23k sq ft can be developed inclusive of all protected trees for an incredible family estate with primary home, in-law living structure and even a guest house for a truly unique generational estate. Per the same feasibility study, a visionary developer could build 3500-4500 sq ft individual homes with private lots and pools. At current price and assuming $900/ft exit prices 1.5-2 years out as a development project, it projects to a 15-20% project rate of return. Seller is open to creativity and flexibility on the development side.
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