000 Diane Dr, Austin, TX, 78745 - MLS# 6325971

$950,000

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Acres 0.31
Property Type Lot
Days on Market 286

About 000 Diane Dr

Income-Producing South Austin Compound with Redevelopment Potential Discover a rare opportunity in one of South Austin’s most vibrant and connected neighborhoods. This income-producing compound on an oversized corner lot generates up to $4,800 per month and is zoned SF-3, falling under the new City of Austin HOME Phase 2 zoning regulations for 1,800 sqft lots — offering the potential for 7 lots (Buyer to verify). Whether you’re an investor seeking strong rental income or a developer exploring future possibilities, this property delivers both versatility and value. The front 2-bedroom, 2-bath home offers comfortable living with charm and functionality, while the back building includes two 1-bedroom, 1-bath apartments. The upstairs apartment features a private deck tucked among mature trees, giving it a unique, treehouse-like vibe that tenants love. Enjoy a prime South Austin location where everything you love is just minutes away — walk or bike to El Chilito, Randall’s Grocery, and Radio Coffee & Beer, or take a quick 10-minute drive to Downtown Austin, Zilker Park, Barton Springs, and the Barton Creek Greenbelt. This is a one-of-a-kind investment with endless potential in the heart of Austin’s coolest corridor.

Location

Legal Description Lot 1 Blk F Ford Place 2
Address 000 Diane Dr
County Travis
City Austin
Zip Code 78745
Subdivision Ford Place 2
School District Austin ISD
MLS Area 10N

Size and Restrictions

Acres 0.31
Lot Description Corner Lot, Level, Trees Large Size, Trees Medium Size, Xeriscape
Horses Allowed No
$/Acre $3,108,639

Improvements

Fence Chain Link, Privacy
Exterior Features Balcony, Private Yard, See Remarks

Features

View Neighborhood, Panoramic
Water Access None

Utilities

Water Public
Utilities Electricity Available, Natural Gas Available

Amenities

Area Amenities None

Beds and Baths

Primary on Main No

Property Features

Exterior Features Balcony, Private Yard, See Remarks

Garage and Parking

Garage No

Financial

$/Acre $3,108,639
Special Conditions DeedRestrictions
Documents Available Aerial, Deed Restriction, Survey
Disclosures Owner Is Listing Agent

Property Taxes

Appraisal District Travis
Tax ID 000DianeDr
Tax Year 2025

Homeowner Association

Has HOA No

Listing Details

OfficeKeller Williams Realty
Contact Info(512) 751-6060

Listing Map

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