6200 Stiles Cove
- $355,000
- 0.22 Acres Residential Austin, TX 78721
Exceptional Investment Opportunity in Austin's Thriving 78721 Zip Code! Unlock the full potential of this prime sizable, vacant lot nestled in a peaceful cul-de-sac near the East Boggy Creek Greenbelt and trail system. This lot is well positioned to be able to take advantage of new City of Austin rules allowing up to three units and the shape and size is conducive to take full advantage of that new zoning rules. Boasting a $0 improvements basis, this property is tailor-made for Opportunity Zone (OZ) investors looking to make a significant impact. Strategically positioned to leverage Austin's projected growth, this lot offers the ideal canvas for those seeking to "Substantially Improve" and take advantage of the tax benefits provided by OZ legislation. Whether you're envisioning a transformative residential development or exploring other strategies, the possibilities are endless. Property recently appraised for $355,000 and the full appraisal is attached in the listing documents. Beyond its investment appeal, this lot is a haven for nature enthusiasts, located mere minutes from scenic trails and beloved East Austin hotspots. Enjoy convenient access to freeways, shopping, HEB, Lady Bird Lake, Downtown Austin, UT, Blue Starlight, and the Austin-Bergstrom International Airport. Seize this compelling opportunity to be part of Austin's vibrant future while reaping the rewards of a strategically chosen OZ asset. Your next venture awaits in one of the city's most sought-after neighborhoods! Buyer to verify deed restrictions details.
Essential Information
- MLS® #8132893
- Price$355,000
- Bathrooms0.00
- Acres0.22
- TypeResidential
- Sub-TypeOther
- StatusActive
Community Information
- Address6200 Stiles Cove
- SubdivisionJohnston Terrace Sec 02
- CityAustin
- CountyTravis
- StateTX
- Zip Code78721
Amenities
- FeaturesNone
- ParkingNone
- ViewNone
- WaterfrontNone
- Has PoolYes
Utilities
Sewer Available, Water Available
Exterior
- Lot DescriptionCleared, Cul-De-Sac, City Lot
School Information
- DistrictAustin ISD
- ElementaryGovalle
- MiddleMartin
- HighEastside Early College
Property Listed by: Compass Re Texas, Llc
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from April 28th, 2024 at 2:04pm CDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
All information provided is deemed reliable but is not guaranteed and should be independently verified.