$800,000

Description

One of the last unimproved SF-3 lots of this size along the Banister corridor. 4306 Banister Ln offers approximately 21,483 square feet of flat, cleared land with direct street frontage and no existing structure to demolish or work around. This property presents multiple potential paths to value. Under existing SF-3 development standards, the lot may support a two-lot subdivision. Recent City of Austin HOME amendments may provide additional flexibility for a three-lot configuration, and may also allow up to three residential units on an SF-zoned lot, subject to applicable code, access, utilities, and City approval. Buyer to independently verify all subdivision potential, permitted uses, deed restrictions, and development standards with the City of Austin Development Services Department prior to closing. The Banister corridor continues to experience strong infill and new construction activity, with multiple builders active nearby and recent land sales, active listings, and closings supporting continued developer interest in this submarket. The property is well-positioned for residential redevelopment in an area where demand remains strong for thoughtfully designed infill product. Conveniently located with quick access to US-290/Ben White, St. David’s South Austin Medical Center, South Congress, South Lamar, and Downtown Austin. Commercial adjacency to the west may provide a natural buffer that could benefit certain site plans and development configurations. All development scenarios are presented as potential opportunities only. Buyer to independently verify lot dimensions, zoning, subdivision feasibility, permitted uses, utility availability, development standards, deed restrictions, and all applicable City of Austin regulations, including HOME amendments.

Property Details

Listing Agent