10.2 Acres in Austin, TX - $7,000,000
House on the Hill - Venue on 10 Acres
This West Austin gem presents a rare investment opportunity as one of the few remaining tracts of this size along the Bee Cave corridor. The property has easy access on Addie Roy Road and frontage on Bee Cave Road (FM 2244) just 7 miles from downtown Austin. The 10.2 acres back up to the prestigious Rob Roy subdivision and was recently removed from the Austin ETJ, allowing for fewer restrictions. A paved drive leads to the hilltop grounds with breathtaking views of the Barton Creek Greenbelt to the west and downtown Austin to the southeast. Previously an operating wedding venue, the estate improvements include a main house, two cottages, a covered pavilion, and a swimming pool. The tract is eligible for 45% impervious cover for commercial and multi-family use, and could be ideal for large residential lots, residential townhomes, office condominium regimes, or a restaurant. The current bu...
This West Austin gem presents a rare investment opportunity as one of the few remaining tracts of this size along the Bee Cave corridor. The property has easy access on Addie Roy Road and frontage on Bee Cave Road (FM 2244) just 7 miles from downtown Austin. The 10.2 acres back up to the prestigious Rob Roy subdivision and was recently removed from the Austin ETJ, allowing for fewer restrictions. A paved drive leads to the hilltop grounds with breathtaking views of the Barton Creek Greenbelt to the west and downtown Austin to the southeast. Previously an operating wedding venue, the estate improvements include a main house, two cottages, a covered pavilion, and a swimming pool. The tract is eligible for 45% impervious cover for commercial and multi-family use, and could be ideal for large residential lots, residential townhomes, office condominium regimes, or a restaurant. The current business name, House on the Hill, may potentially be used by the new owners for immediate income opportunities. With its panoramic vistas, diverse topography, location, and access, the property presents a canvas ripe for transformation.
UTILITIES - Electricity provided by Austin Energy. Water supplied by Travis County WCID 10. 6-inch and 30-inch water lines on Addie Roy Rd. Condominium regime could utilize shared community septic; homesites would allow for septic.
TAXES - Travis County, Eanes ISD. 2023 taxes: $28,605
IMPROVEMENTS
Main house: two-story, 3,612 sq. ft. (per CAD)
Two guest houses: 659 sq. ft. and 596 sq. ft. (per CAD)
Covered pavillion, in-ground swimming pool
DEMOGRAPHICS
Average Household Income in a 1-mile radius: $293,481
Population in a 3-mile radius: 48,300
Median Age in a 3-mile radius: 43
LOCATION
1.2 miles to Capital of Texas Highway (Loop 360)
2 miles to Barton Creek Country Club
7 miles to downtown Austin
7 miles to Hill Country Galleria in Bee Cave
15 miles to Austin-Bergstrom International Airport
*Co-listed with Forrest Higdon, JW Development 512-633-7651 *
