1121 Azie Morton, Austin, Texas

$4,075,000
Active
1121 Azie Morton, Austin, Texas
1121 Azie Morton, Austin, Texas
1121 Azie Morton, Austin, Texas
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Property Details

MLS ID: 7957053
Status: Active
Price: $4,075,000
Acres: 1.52±
Type: Unimproved, Land
Address: 1121 Azie Morton
City, State: Austin, TX
County: Travis County
ZIP Code: 78704
Parcel Number: 01030603760000

Description

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.

Directions: From Barton Springs Rd, head south on Robert E. Lee Rd. Property is just over 0.25 miles on the east side.

Cody Maxwell

Cody Maxwell

Capitol Ranch Real Estate, LLC

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Cody Maxwell
Capitol Ranch Real Estate, LLC
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Listed By: Tarek Morshed of Christie's Int'l Real Estate - (512) 799-8001