— bed, — bath on 3.32 acres in Austin. Austin, TX 78724. $1,899,900.
About This Home
Rare 7.52% Cap Rate in 78724. High-occupancy mobile home park (Shady Acres) with 12+ pads. Property is situated in the Austin ETJ—buyer to verify all tax advantages and jurisdictional development potential. Do not walk the property or disturb tenants under any circumstances. Showings of the grounds and common areas will be coordinated only after a qualified LOI and Proof of Funds (POF) are received. Interior unit inspections (for park-owned homes, if applicable) are reserved for the feasibility period.
5805 Blue Bluff Rd in Austin, Austin 78724 represents a rare income-producing asset with a 7.52% cap rate in Travis County's high-growth eastern corridor. This 3.323-acre mobile home park, known as Shady Acres, operates with 12+ occupied pads and delivers the kind of cash-on-cash returns that institutional investors and owner-operators actively pursue in the Austin market.
The property sits within Austin's ETJ, which creates meaningful tax advantages and positions it for potential long-term appreciation as the city expands eastward. Unlike residential investments that depend on single-family appreciation, this commercial mobile home park generates immediate, consistent income from established tenants. The wood-siding construction and mature lot layout reflect decades of operational stability since the property's 1983 build date. High occupancy rates indicate strong tenant demand for affordable housing options in this part of Austin, where workforce populations continue to grow faster than housing supply can accommodate.
The investment structure here separates itself from typical rental properties. Park-owned homes, if applicable to this asset, can be included in the feasibility analysis during the diligence period. Showings of common areas and grounds follow a formal process once a qualified LOI and proof of funds are presented, protecting both tenant privacy and property operations. This approach is standard for commercial multifamily assets where operational continuity matters as much as the physical structures themselves.
Location matters significantly. Blue Bluff Rd connects directly to larger employment clusters and retail corridors throughout East Austin. The 78724 zip code has attracted both workforce housing demand and light commercial development, making it strategically positioned for investors seeking exposure to Austin's continuing eastward expansion. The ETJ designation means future municipal services and infrastructure investments could further enhance property values and operational efficiency.
For investment groups evaluating multifamily or mobile home park opportunities in the Austin metro, this asset combines immediate income generation with long-term jurisdictional potential. Qualified investors ready to move forward should prepare formal LOI documentation and proof of funds to access the detailed feasibility period, including interior inspections of any park-owned units and full operational review.
The numbers behind this insight
- Offered at
- $1,899,900
- Listed
- March 9, 2026
- Price changes
- Reduced, down 5% from $1,999,900
- Property Type
- Commercial Sale
- Year Built
- 1983
- Lot Size
- 3.32 acres
Listing information last updated August 19, 2026.
Listed by JBGoodwin REALTORS WC
MLS# 8520129 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Heating
- Central,Varies by Unit
- Cooling
- Central Air,Varies by Unit
Exterior & Lot
- Wood Siding
- Pillar
- Post
- Pier
- Lot Size
- 3.32 Acres
- Detached
Financial
- Original List Price
- $1,999,900
Utilities
- Electricity Connected
- Water Source
- Public
- Sewer
- Public Sewer
Transaction History
1 record on file
Every recorded listing, sale, and lease at 5805 Blue Bluff RD, whoever represented it.
- ActiveListed 2026Current price: $1,899,900Original list: $1,999,900MLS 8520129
- Listed · March 9, 2026$1,999,900
- Price changed · June 30, 2026$1,899,900
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
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Price & Listing History
Listing timeline with current price, original ask, and market time.
- Current list
- $1,899,900
- Original list
- $1,999,900
- Price movement
- $100K reduction
- Listed / DOM
- Mar 9, 2026 · 221 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $15,475
- Assessment Year
- 2025
- Year Built
- 1997
- Parcel ID
- 000000988097
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-99.2% | — | $15,475 | — | $15,475 |
2024 | — | $1,998,944 | — | — |
Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
20% ($380K)
Adjustable assumption - not a lending recommendation.
$1,899,900
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Keenan Market Position
A sourced read on Austin pricing, timing, and property scale. No automated valuation claim.
List price
$1,899,900
Price per sqft
Not available
Vs. Neighborhood guide reference price
Not available
Days on market
221 days
Original to current
$100K reduction
$2M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 15, 2026.
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