6601 N Capital of Texas Highway, Austin, TX 78731

The best remaining properties are the Hidden Gems! Prime location for Sale in West Austin on Capitol of Texas Highway. Approved for 110,000+ Sq Ft under previous height restrictions on 10+ acres. Zoned GR-CO and now multifamily available without rezoning after recent passage of SB840. See attached Zoning information and Conditional Overlay. Multiple uses possible: Multifamily, Restaurant, Hotel/Motel, Office Building, Private Schools, Community Recreation, Medical Offices, General Retail, Indoor or Outdoor Sports and Recreation, Hospital Services, Theater, Personal Services, Religious Assembly, and more. Convenient close-in location.

Under SB840, new height limitations increase from 28 to 45 feet and possibly more, so likely greater square footage is achievable.

Approved City of Austin Site Development Permit finalized for 110,000+ square feet of build-able space. If a different site plan is preferred by Buyer, it is far easier to amend an existing site plan than to start from scratch.

Price negotiable.

Buyer may pursue their preferred Architectural Design and Builder to fit the attractive, gently sloping site with stunning views of the valley and Bull Creek. TxDOT driveway cut permit approved. Prior settlement agreement with City of Austin waives most City of Austin development fees and grandfathers earlier development rules.

The attached floor plan is for conceptual display purposes only. Two of the three owners are State of Texas licensed real estate brokers. Preferred Title Company: Capstone Title – Foskitt.

Contact listing broker for site visit. See the link below for drone Footage of the site and proposed building placement.

This 10.112-acre land parcel at 6601 North Capital of Texas Highway in the Champion 360 subdivision represents one of West Austin's most strategically positioned development sites, with pre-approved permits for over 110,000 square feet of construction and exceptional regulatory flexibility under Texas's recent SB 840 zoning reforms.

The property sits on gently sloping terrain with commanding valley views overlooking Bull Creek, positioning any future development to capture both panoramic sightlines and the natural water features that define West Austin's landscape character. The site's GR-CO zoning designation, combined with SB 840's passage, eliminates the rezoning requirement for multifamily development and increases allowable heights from 28 feet to 45 feet, effectively expanding development potential beyond the initial 110,000-square-foot capacity already approved under the City of Austin's finalized Site Development Permit.

This regulatory foundation removes typical development friction. The approved site plan provides a tested blueprint, yet amending an existing permit requires significantly less time and cost than initiating development from scratch. The property already carries a completed TxDOT driveway cut permit and a prior settlement agreement with the City of Austin that waives most development fees and grandfathers earlier zoning rules, substantially reducing soft costs and timeline uncertainty.

The location itself drives value. North Capital of Texas Highway provides direct access to downtown Austin and the western employment corridor, while the Champion 360 subdivision positions the site near established neighborhoods, retail, and service infrastructure. Proximity to Bull Creek and the surrounding Hill Country geography establishes natural amenities that enhance any future residential, hospitality, or mixed-use development.

The use-case flexibility is comprehensive: multifamily residential, hospitality (hotel or restaurant), office, private schools, medical offices, retail, recreation facilities, or hospital services all operate without rezoning. This versatility allows the buyer to pursue their preferred architectural vision and builder relationship, tailoring the development to market conditions and personal objectives rather than conforming to restrictive zoning constraints.

For developers and institutional investors, the combination of approved permits, regulatory clarity, architectural freedom, and cost-saving agreements creates immediate execution capability. This 10-acre West Austin site offers the rare advantage of development-ready land with premium sightlines and established infrastructure connectivity.

Northwest Hills is a family neighborhood in 78731, built in the 1960s-80s on wooded half-acre lots between MoPac and Loop 360. Median home price $1.19M. Austin ISD schools — Doss Elementary and Murchison Middle rank among the district's best. 12 minutes to UT campus, 15 to downtown.

The housing stock is predominantly single-story ranch and split-level homes on lots averaging 0.3-0.5 acres with mature live oak and cedar canopy. Most original homes are 1,800-3,000 sq ft. A renovation wave has been updating kitchens and adding square footage without tearing down — the lot sizes accommodate additions well. Active listings typically number 15-25 at any given time.

Daily life revolves around the schools and the outdoors. Bull Creek for weekend wading, Mount Bonnell for sunset hikes (8 minutes from the neighborhood), Northwest District Park for soccer and the playground. Far West corridor handles weeknight dining — Saffron, 5280 Burger, Yamas. The Arboretum and Domain are 10 minutes north for shopping. HEB on Far West is the neighborhood grocery hub.

What makes Northwest Hills the family value play in Central Austin: Doss/Murchison school quality at roughly half the Eanes ISD price point, lot sizes that rival Westlake, and a 15-minute commute that beats the suburbs. The tradeoff is Austin ISD (good but not Eanes) and 1960s-80s housing stock that often needs updating.