$455,000

Property Overview

This prime corner lot on Webberville Road commands attention with its exceptional redevelopment potential in the heart of East Austin's thriving Lorraine Heights neighborhood. Sitting on over 7,000 square feet, the property presents rare flexibility for builders and investors—capable of accommodating multiple new construction projects or serving as the foundation for a comprehensive renovation. The existing 1959 structure provides an immediate starting point while the expansive lot size opens doors to maximizing land value in one of Austin's fastest-appreciating corridors.

Location amplifies this property's appeal, positioning owners steps from ACC East and minutes from downtown, UT, and the airport. East Austin's cultural renaissance—fueled by a burgeoning arts scene, acclaimed restaurants, and craft breweries—creates sustained demand for both residential and mixed-use development. Nearby Boggy Creek Trail and proximity to Lady Bird Lake add lifestyle amenities that enhance property desirability and long-term appreciation potential.

Priced at $421 per square foot, this listing sits 17 percent below area median, presenting compelling value for serious developers and forward-thinking buyers ready to capitalize on Austin TX's continued eastward growth trajectory.

Vox Real Estate Insight

The Vox Residential team sees this Webberville Road corner lot as particularly attractive to developers who understand East Austin's trajectory—the neighborhood's cultural momentum and infrastructure investments support both renovated historic character and new construction. For investors, the lot's dual-build potential combined with below-market pricing represents exactly the kind of opportunity that drives portfolio growth in Austin's hottest emerging neighborhoods.

Agent Description

Prime corner lot in the highly sought-after Lorraine Heights neighborhood, located in the heart of vibrant East Austin. Currently a 3-bedroom, 1-bath home, this property is full of potential and ready for your vision. Whether you’re an investor, builder, or buyer looking to renovate or start fresh, the possibilities here are endless. The lot offers exceptional redevelopment opportunities, with the potential to accommodate two new builds—making it a rare find in one of Austin’s fastest-growing areas. Use the existing structure as a starting point for a remodel, or take advantage of the lot’s full potential with a new construction project. Enjoy unbeatable proximity to Boggy Creek Trail, Lady Bird Lake, and a wide array of popular dining, entertainment, and cultural hotspots. Conveniently located just minutes from downtown Austin, the University of Texas, and the airport, this property provides outstanding access and connectivity. Plus, it’s just steps from Austin Community College East Campus. Opportunities like this don’t come around often—secure your place in one of East Austin’s most dynamic neighborhoods and bring your vision to life. Schedule your showing today!

Neighborhood: East Austin

This property is located in East Austin, Austin, TX. The area is known for Thriving Arts Scene, Top Restaurants & Breweries, Historic Homes, Modern New Construction, Cultural Diversity.

At $421/sqft, this listing is priced 17% below the East Austin median of $507/sqft.

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