
Rare opportunity to own a property on an approximately **0.4714-acre lot within the city limits!** Large parcels in this convenient location are hard to find and offer exceptional flexibility for a variety of uses and lifestyle needs. Bring your imagination and explore the possibilities this oversized lot may provide. The expansive outdoor space may accommodate equipment storage, work vehicles, recreational vehicles, hobby areas, gardening, workshop space, outdoor entertaining, or future improvements, subject to applicable zoning, restrictions, and governmental requirements. Ideally positioned just a couple of blocks from Interstate 35 and conveniently nestled near the intersection of Dessau Road and Braker Lane, this property offers excellent access to major employers, shopping, dining, entertainment, and other everyday amenities. The central location provides easy connectivity to many parts of Austin while still offering the benefit of an unusually large lot size. Whether you're looking for additional outdoor space, room for projects and recreational equipment, or a property with unique potential in an established area, this is an opportunity worth exploring. **Seller Financing Available: Seller may consider financing with a minimum of **20% down payment**, market interest rate, and seller approval of buyer's credit and qualifications. Buyer and Buyer's Agent are responsible for independently verifying all information, including but not limited to lot dimensions, square footage, zoning, permitted uses, restrictions, utilities, development potential, schools, and any other information material to the purchase. Conduct due diligence prior to offering.
Property Type
Residential
Year Built
1978
Lot Size
0.47 acres
$/Sq Ft
$387
Garage
2 spaces
Listed by Austin Elite Realty
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Waterfront
Verified property facts
1308 May DR is listed at $550,000 with 3 bedrooms, 2 full bathrooms, 1,420 square feet, 0.47-acre lot. This places it above the 78753 median of $369,900.
1308 May DR is zoned for Austin ISD with assigned schools: Graham (elementary), Dobie (Austin ISD) (middle), Northeast Early College (high). School assignments should be verified directly with the district.
1308 May DR is a Residential built in 1978 featuring 3 bedrooms, 2 full bathrooms, 1,420 square feet, 0.47-acre lot.
1308 May DR 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 1308 May DR is $6,918. 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
Listed with current price, original ask, and market time.
Public record data from county appraisal records. Market value can differ from assessed value.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-23.0% | — | $344,841 | — | — |
2024+13.2% | — | $448,111 | $117,000 | $278,154 |
2023+23.7% | — | $395,964 | $117,000 | $331,111 |
2022+19.0% | — | $320,066 | $117,000 | $278,964 |
2021 | — | $268,990 | $87,750 | $232,316 |

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% ($110K)
$550,000
Luxury property intelligence
A sourced read on Four Seasons Fall Sec pricing, timing, and property scale. No automated valuation claim.
List price
$550,000
Price per sqft
$387/sqft
Vs. Four Seasons Fall Sec median
Not available
Days on market
37 days
Original to current
No verified reduction
$550K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Aug 2, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
With 20% down ($110,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 1308 May DR is around $3,430 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $550,000, 1308 May DR is in the Four Seasons Fall Sec market where there are currently 63 active listings in 78753. The Keenan Group has completed 8 transactions in 78753 as part of 1,000+ career sales totaling $1B+ across Austin.
1308 May DR was built in 1978 (48 years ago). Buyers should budget for potential updates to major systems.
1308 May DR includes verified waterfront access: None. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
6 events on record
Current Price
$550,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-23.0% | — | $344,841 | — | — |
2024+13.2% | — | $448,111 | $117,000 | $278,154 |
2023+23.7% | — | $395,964 | $117,000 | $331,111 |
2022+19.0% | — | $320,066 | $117,000 | $278,964 |
2021 | — | $268,990 | $87,750 | $232,316 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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