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Just Listed

$5,500,000

406 W LIVE OAK ST, Austin, TX 78704

GILLIS SIMON

0.95

Acres

About This Property

Rare South Austin development opportunity approved for 12 homes across six individual MF-3 zoned residential lots with potential downtown views. Located just off South 1st Street and only 1.5 miles from Lady Bird Lake, this site offers exceptional proximity to downtown, South Congress, South 1st retail, restaurants, and major lifestyle corridors. Four lots have already been leveled and are development-ready, with a 2,400 SF remodeled sales office currently onsite and a demo permit approved for immediate redevelopment. Site plans and approved plans are available upon request, providing a strong head start for a builder looking to move quickly. With new construction comps in the area selling for approximately $750–$835/SF, this is an ideal scale project for a mid-size builder seeking a rare multi-lot infill site in one of Austin’s most supply-constrained locations. Extremely

Property Details

Property TypeMulti-Family
MLS #7419089
Days on Market0
Lot Size41382 acres
Listed4/30/2026
Last Updated4/30/2026

Location

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Listing provided by Trevor Loveless · eXp Realty, LLC · (512) 309-0681

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$5,500,000