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#1 Austin Board of Realtors Team 2024#1 Austin Board of Realtors Team 2024Loading
This property has sold on May 22, 2023. Looking for something similar? Contact us or browse available homes.
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$575,000
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**Buyer should consult with the city on tear-down and development permitting options & requirements. Ask agent for Keepers Land Consult Report.** Amazing development opportunity to secure a large .671-acre corner lot in a PRIME South Austin location. Nestled in between S 1st St & Menchaca Rd just south of William Cannon just 6 miles to the heart of Downtown Austin. This captivating property currently offers a 3BD/1BA/1,284 sq ft home. Built in 1956, the home offers charming vintage features including the original hardwood floors. This property also features three outbuildings, one of which is wired for electricity & plumbed for water. This would be an ideal opportunity to rehab/redevelop the original home or fully redevelop the property and build your dream home or multiple units for investment. This hot South Austin location offers great proximity to the burgeoning South Menchaca entertainment district and is just minutes to all the popular eateries, boutique shops, and entertainment spots along SoCo and S 1st St. Just minutes from all your shopping needs at both Southpark Meadows and along Brodie Ln. Easy access to I-35 and just 11 miles to the airport. Don’t let this hot South Austin development opportunity pass you by.
Property Type
Land
Lot Size
0.67 acres
Listed by Bramlett Residential
Property Details
Verified property facts
1201 Matthews Ln is listed at $575,000 with 0 bedrooms, 0.67-acre lot. This places it above the 78745 median of $479,000.
1201 Matthews Ln is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
With 20% down ($115,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 1201 Matthews Ln is around $4,038 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $575,000, 1201 Matthews Ln is in the Elmwood Estates market where there are currently 169 active listings in 78745. The Keenan Group has completed 29 transactions in 78745 as part of 1,000+ career sales totaling $1B+ across Austin.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Listing timeline with current price, original ask, and market time.
District context schools are shown because address-level assigned school fields are not available for this property. Contact the school district directly to verify current boundaries and enrollment eligibility. Ratings from GreatSchools.org.
20% ($115K)
$575,000
Luxury property intelligence
A sourced read on Elmwood Estates pricing, timing, and property scale. No automated valuation claim.
List price
$575,000
Price per sqft
Not available
Vs. Elmwood Estates median
Not available
Days on market
1,174 days
Original to current
No verified reduction
$575K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Mar 26, 2026.
Request Private Market AnalysisZIP-level neighborhoods, schools, lifestyle, and Austin market context
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Pricing, prep, launch timing, and Compass marketing strategy
#1 ABOR Team 2024 with $1B+ career sales volume
2 events on record
Current Price
$575,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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