Is this your property? Sell it faster with premium placement and targeted ads.
RARE CHESTNUT DEVELOPMENT OPPORTUNITY - LOT + OFF-MARKET ADJACENT HOME | $1.7M+ ARV The lot is the only property currently offered for sale and is being sold separately. The adjacent home is NOT on the MLS but can be purchased separately. The owner is open to a sale of both properties ($635,000) and there are incentives available for a buyer who acquires both parcels, creating a rare opportunity to assemble a true Cherrywood compound. This lot offers the opportunity to build a new custom home of approximately 2,000 SF. Preliminary plans allow for approximately 2,050 SF of FAR, 1,210 SF of building coverage, and 1,716 SF of impervious coverage, providing flexibility for a thoughtfully designed home with private outdoor space and the potential for a pool. The adjacent, currently off-market home provides an additional opportunity to either remodel the existing residence or potentially pursu...
RARE CHESTNUT DEVELOPMENT OPPORTUNITY - LOT + OFF-MARKET ADJACENT HOME | $1.7M+ ARV The lot is the only property currently offered for sale and is being sold separately. The adjacent home is NOT on the MLS but can be purchased separately. The owner is open to a sale of both properties ($635,000) and there are incentives available for a buyer who acquires both parcels, creating a rare opportunity to assemble a true Cherrywood compound. This lot offers the opportunity to build a new custom home of approximately 2,000 SF. Preliminary plans allow for approximately 2,050 SF of FAR, 1,210 SF of building coverage, and 1,716 SF of impervious coverage, providing flexibility for a thoughtfully designed home with private outdoor space and the potential for a pool. The adjacent, currently off-market home provides an additional opportunity to either remodel the existing residence or potentially pursue new construction, subject to City of Austin requirements. Acquiring both parcels creates multiple development strategies, including: Buy the lot only and build a new custom home Acquire both parcels and build a new home next to a beautifully remodeled residence Acquire both parcels and explore two new construction homes Create a private family or multi-generational compound Develop a primary residence with a separate guest home, additional family residence, or investment property With $1.7M+ projected ARV potential, the opportunity to acquire one parcel or assemble both offers builders and investors flexibility rarely available in Chestnut. Located in one of East Austin's most established and desirable neighborhoods, just minutes from Manor Road, UT, Downtown Austin, and the restaurants, coffee shops, and local amenities that make Chestnut so sought after. Buyer to independently verify all building, zoning, development, utility, FAR, impervious coverage, and other requirements with the City of Austin.
Copyright © 2026 Unlock MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Search for detailed parcel information including; Elevation & Vegetation Maps, Ownership Information, Detailed Parcel Information, Crop History Map, Soil Survey Productivity Data, and more.
Research Parcel Information