1700/1704 Lightsey RD
Austin, TX, 78704
$5,000,000
3 Beds
2 Baths
1,685 SqFt
2.98 Acres
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This is a true UNICORN, a rare development opportunity in the heart of south Austin! Nestled in one of Austin’s most sought-after neighborhoods, this exceptional 2.98-acre two-lot tract offers a once-in-a-generation opportunity to create something truly special. Held in the same family since 1940, the property is now ready for its next chapter. With SF-3 zoning in place—and potential for rezoning to SF-6—this land is primed for a thoughtful infill development.
A full suite of studies has already been completed, including a boundary, tree, and topographic survey, along with a detailed feasibility report that outlines how up to 24 detached 2,300-square-foot residences with 2-car garages could be built—while preserving 31 Protected and Heritage trees, in compliance with City of Austin guidelines. This is more than a development site; it’s a rare canvas for building a new community in vibrant South Austin, where opportunities of this scale and character are increasingly hard to find.

Property Details

Price:
$5,000,000
MLS #:
3909771
Status:
Active Under Contract
Beds:
3
Baths:
2
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
LOW THEODORE HEIGHTS
Listed Date:
Aug 14, 2025
Finished Sq Ft:
1,685
Lot Size:
129,809 sqft / 2.98 acres (approx)
Year Built:
1946
Low Theodore HeightsAustin IsdZilkerO HenryAustin

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Schools

School District:
Austin ISD
Elementary School:
Zilker
Middle School:
O Henry
High School:
Austin

Interior

Appliances
Free-Standing Gas Range
Bathrooms
2 Full Bathrooms
Cooling
Electric
Fireplaces Total
1
Flooring
Tile, Wood
Heating
Central

Exterior

Community Features
None
Exterior Features
Private Yard
Other Structures
Garage(s)
Parking Features
Detached, Driveway, Garage
Roof
Composition

Financial

Map

Community

Subdivisions in Austin

Market Summary

Current real estate data for Single Family in Austin as of Oct 14, 2025
4,074
Single Family Listed
100
Avg DOM
396
Avg $ / SqFt
$1,019,222
Avg List Price

Property Summary

    Located in the LOW THEODORE HEIGHTS subdivision, 1700/1704 Lightsey RD Austin TX is a Single Family for sale in Austin, TX, 78704. It is listed for $5,000,000 and features 3 beds, 2 baths, and has approximately 1,685 square feet of living space, and was originally constructed in 1946. The current price per square foot is $2,967. The average price per square foot for Single Family listings in Austin is $396. The average listing price for Single Family in Austin is $1,019,222. To schedule a showing of MLS#3909771 at 1700/1704 Lightsey RD in Austin, TX, contact your Stripe Realty agent at 512-439-2122.

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1700/1704 Lightsey RD
Austin, TX