$380,000
2 bd · 1 ba · 720 sqft
5003 Heflin Ln, Austin, TX 78721
5003 Heflin Ln, Austin, TX 78721 is a 2-bedroom, 1-bathroom single family residence listed at $380,000 ($528/sqft). 720 sqft. Built in 1957. MLS #7032405. Listed by Diamond Real Estate Serv. LLC.
Property Overview
This 1957 home on Heflin Lane sits on nearly 11,000 square feet of opportunity in Austin, TX, presenting a rare development prospect in an area commanding beautiful downtown views. The modest 720-square-foot structure offers flexibility for investors and builders alike: restore the existing two-bedroom, one-bath residence or leverage the expansive lot to envision something entirely new. The generous land footprint accommodates multiple dwelling possibilities, making this one of the more compelling larger-lot offerings in this established neighborhood.
Location drives the appeal of this Heflin Lane property. The views toward downtown and the neighborhood's accessibility create inherent value beyond the current structure. With pricing at $528 per square foot for the home itself, the true asset lies in the land value and development potential. Whether you're a builder scouting infill opportunities or an investor evaluating Austin's supply-constrained market, this substantial lot provides the canvas many developers seek.
Vox Real Estate Insight
The Vox Residential team sees this Heflin Lane property as a significant development play in a neighborhood experiencing gradual density shifts and rising land valuations. For investors familiar with Austin's development patterns, a 10,994-square-foot lot with downtown visibility represents exactly the kind of strategic holding our clients often pursue in transitional neighborhoods.
Agent Description
This home is on a very large lot and is most likely a tear down. Multiple homes can be built on these lots. The location is amazing! Beautiful view of downtown. Please go over and check out this property. Either fix up the house or build new ones.
Property Details
| Property Type | Single Family Residence |
| Year Built | 1957 |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Living Area | 720 sqft |
| Lot Size | 0.25 acres |
| Price / Sqft | $528 |
| Stories | One |
| Condition | Resale |
| Subdivision | Flournoy & Jones 04 Sec 01 |
| County | Travis |
| MLS Area | 5 |
| Listed | Mar 8, 2026 |
| MLS # | 7032405 |
| Listed By | Diamond Real Estate Serv. LLC |
Interior
| Flooring | Wood |
| Appliances | Free-Standing Gas Range, Free-Standing Refrigerator |
| Interior Features | Ceiling Fan(s), Laminate Counters |
| Windows | Aluminum Frames, Window Coverings |
| Laundry | In Kitchen |
| Main-Level Bedrooms | 2 |
| Accessibility | Accessible Doors, Accessible Entrance, Accessible Full Bath, FullyAccessible |
Systems & Utilities
| Cooling | Ceiling Fan(s), Wall/Window Unit(s) |
| Heating | Natural Gas |
| Utilities | Electricity Connected, High Speed Internet, Natural Gas Connected, Phone Available, Sewer Available, Sewer Connected, Water Available, Water Connected |
| Water Source | Public |
| Sewer | Public Sewer |
Exterior & Lot
| Construction | Vinyl Siding |
| Roof | Tile |
| Foundation | Pillar/Post/Pier |
| Exterior Features | Exterior Steps, Lighting, Private Entrance, Private Yard |
| Patio & Porch | Front Porch |
| Fencing | Back Yard, Fenced, Partial, Wire |
| Lot Features | Back Yard, City Lot, Corner Lot, Front Yard, Gentle Sloping, Near Public Transit |
| View | Neighborhood |
| Faces | Northwest |
Parking
| Parking Spaces | 4 |
| Parking Features | Direct Access, Gravel, Off Street, Outside, Paved |
Community & HOA
| HOA | No |
| Community Features | High Speed Internet, Underground Utilities |
Assigned Schools
| Elementary | Sims |
| Middle | Garcia |
| High | Northeast Early College |
| District | Austin ISD |
Taxes & Legal
| Tax Year | 2024 |
| Annual Tax | $4,252 |
| Assessed Value | $214,548 |
| Parcel # | 02122102110000 |
| Legal Description | LOT A BLK B RESUB OF LOT 1 & 2 FLOURNOY AND JONES SUBD 4 SEC 1 |
| FEMA Flood Plain | No |
| In ETJ | No |
| Disclosures | Seller Disclosure |
| Listing Conditions | Standard |
Listing data last updated:
Frequently Asked Questions
What is the listing price of 5003 Heflin Ln, Austin, TX 78721?
This property is listed at $380,000, which is $528 per square foot.
How many bedrooms and bathrooms does 5003 Heflin Ln, Austin, TX 78721 have?
This home has 2 bedrooms and 1 bathroom, with 720 square feet of living space.
When was 5003 Heflin Ln, Austin, TX 78721 built?
This property was built in 1957, making it 69 years old.
How long has 5003 Heflin Ln, Austin, TX 78721 been on the market?
This listing has been on the market for 157 days.
What type of property is 5003 Heflin Ln, Austin, TX 78721?
This is a Single Family Residence on a 10,994.54 sqft lot.