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#1 Austin Board of Realtors Team 2024#1 Austin Board of Realtors Team 2024Loading
DOUBLE OPPORTUNITY: Great Duplex or Lot for Double Million Dollar Home Build (HUGE LOT)
Nestled in one of South Austin’s most sought-after and rapidly evolving neighborhoods, this property offers a rare opportunity to own in the heart of a vibrant, high-growth area. Surrounded by modern new construction—where builders are transforming lots into stylish two-unit residences—this property sits right in the path of progress.
Currently configured as a duplex, the home provides immediate income potential or flexibility for multi-generational living. With the right vision, it can be thoughtfully remodeled to maximize value, updated for today’s lifestyle, or reimagined to align with the surrounding trend of contemporary new builds.
The lot itself is a standout feature—offering ample space and positioning ideal for redevelopment or expansion. Whether you’re an investor, builder, or homeowner looking to create something special, the possibilities here are wide open.
Located just minutes from South Austin’s best dining, live music, parks, and local hotspots, this property blends urban convenience with neighborhood charm. Opportunities like this—where location, flexibility, and upside all come together—don’t come around often.
Property Type
Residential Income
Year Built
1971
Lot Size
0.25 acres
$/Sq Ft
$252
Listed by Webb Real Estate LLC
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Verified property facts
1303 Falcon Cv is listed at $399,000 with 0 bedrooms, 1,584 square feet, 0.25-acre lot.
1303 Falcon Cv is zoned for Austin ISD with assigned schools: Joslin (elementary), Covington (middle), Crockett (high). School assignments should be verified directly with the district.
1303 Falcon Cv is a Residential Income built in 1971 featuring 0 bedrooms, 1,584 square feet, 0.25-acre lot.
1303 Falcon Cv 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.
The most recent annual property tax for 1303 Falcon Cv is $9,637. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.
#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.
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility.
20% ($80K)
$399,000
Luxury property intelligence
A sourced read on Glenwood Square pricing, timing, and property scale. No automated valuation claim.
List price
$399,000
Price per sqft
$252/sqft
Vs. Glenwood Square median
Not available
Days on market
39 days
Original to current
No verified reduction
$399K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 1, 2026.
Request Private Market AnalysisZIP-level neighborhoods, schools, lifestyle, and Austin market context
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#1 ABOR Team 2024 with $1B+ career sales volume
With 20% down ($79,800) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 1303 Falcon Cv is around $2,873 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $399,000, 1303 Falcon Cv is in the Glenwood Square market where there are currently 167 active listings in 78745. The Keenan Group has completed 29 transactions in 78745 as part of 1,000+ career sales totaling $1B+ across Austin.
1303 Falcon Cv was built in 1971 (55 years ago). Buyers should budget for potential updates to major systems.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
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