519 Thrasher Ln Austin, TX 78741

This exceptional investment opportunity encompasses two adjacent residential lots totaling two acres, located at 519 and 601 Thrasher Ln, Austin, TX 78741. The combined parcels boast impressive dimensions: approximately 166.5 feet of frontage and 166.5 feet of depth, with one side measuring 519.8 feet and the other 519 feet. A recent survey confirms these measurements. The land features a scattering of trees, primarily concentrated towards the front. A new survey and a tree survey are currently underway. This property presents a compelling opportunity for developers seeking to capitalize on Austin's dynamic real estate market. The city's recent decision to significantly reduce minimum lot sizes for single-family housing units, from 5,750 square feet to 1,800 square feet, makes this land particularly attractive for multi-housing projects such as apartments, condos, or senior housing. This zoning change aims to increase housing affordability and accessibility within the city. Prospective buyers are encouraged to conduct their own feasibility studies to determine the optimal development plan. Further information regarding zoning is available upon request. The asking price for this exceptional property is $1,700,000.