500 North Bluff Dr

Description

Also listed as Commercial - see MLS # 8491230 - A Rare Opportunity on Over an Acre in Austin's High-Growth Corridor / Discover a unique 1.09-acre property offering exceptional flexibility and potential in one of Austin's most dynamic areas. The home consists of 3 bedrooms & 1 bath in the front, with an entire separate living area in back with 2 separate entrances, the back consists of 1 1/2 baths, living room, and 4 other rooms which can serve as bedrooms or office space. These bonus rooms at the rear of the home are tenant-occupied, generating additional monthly income presently. Listed both as a residential and commercial opportunity, this beautiful parcel is currently home to a well-maintained residence but is now zoned LR-MU-CO-NPallowing for a wide range of residential, mixed-use, and commercial developments. Perfect as a covered land play, the existing home can generate income while you plan and pursue future development. Whether you envision creating a boutique residential community, a mixed-use project, or a destination commercial space, the possibilities are truly abundant. Surrounded by exciting new development and increasing density, this property stands out as a rare find in a rapidly growing part of the city. With its strategic zoning, desirable location, and significant lot size, it's poised to deliver both immediate value and long-term upside for investors, developers, or those seeking a unique live-work opportunity. Endless potential, a prime Austin address, and a canvas for your vision this is the one you've been waiting for. All values are taken from public records and should be verified.