#1 Austin Board of Realtors Team 2024#1 Austin Board of Realtors Team 2024
Introducing Forest Wood Subdivision, a boutique two-lot opportunity tucked off Forest Wood Road in South Austin. Offering oversized homesites with room to create custom residences, these properties combine the feel of larger acreage living with convenient access to nearby amenities, major thoroughfares, and city utilities. Luxury custom homes nearby continue to elevate the surrounding area. Subdivision and engineering improvements have been completed, and the project is currently awaiting final City of Austin approvals, expected in the near future. Buyers may inquire now to secure a lot or receive additional details ahead of final approval. Whether intended for a personal custom build or a builder looking for premium lots in an evolving Austin corridor, this offering presents a unique opportunity for flexibility, scale, and long-term value in one of Austin’s continued growth areas.
Property Type
Land
Lot Size
1.09 acres
Listed by Kuper Sotheby's Int'l Realty
Property Details
Lot Features
Waterfront
Verified property facts
7404 Forest Wood RD is listed at $750,000 with 0 bedrooms, 1.09-acre lot. This places it above the 78745 median of $475,000.
7404 Forest Wood RD is zoned for Austin ISD with assigned schools: Casey (elementary), Bedichek (middle), Akins (high). School assignments should be verified directly with the district.
7404 Forest Wood RD 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 7404 Forest Wood RD is $7,710. 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.
With 20% down ($150,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 7404 Forest Wood RD is around $4,534 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
#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.
Public record data from county appraisal records. Market value can differ from assessed value.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-39.7% | — | $441,910 | — | — |
2023+25.3% | — | $733,198 | $440,000 | — |
2022+8.6% | — | $585,358 | $440,000 | $293,198 |
2021 | — | $538,967 | $375,000 | $210,358 |
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% ($150K)
$750,000
Luxury property intelligence
A sourced read on Elmwood Estates pricing, timing, and property scale. No automated valuation claim.
List price
$750,000
Price per sqft
Not available
Vs. Elmwood Estates median
Not available
Days on market
51 days
Original to current
No verified reduction
$750K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jul 23, 2026.
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Pricing, prep, launch timing, and Compass marketing strategy
#1 ABOR Team 2024 with $1B+ career sales volume
At $750,000, 7404 Forest Wood RD is in the Elmwood Estates market where there are currently 183 active listings in 78745. The Keenan Group has completed 29 transactions in 78745 as part of 1,000+ career sales totaling $1B+ across Austin.
7404 Forest Wood RD 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.
7 events on record
Current Price
$650,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-39.7% | — | $441,910 | — | — |
2023+25.3% | — | $733,198 | $440,000 | — |
2022+8.6% | — | $585,358 | $440,000 | $293,198 |
2021 | — | $538,967 | $375,000 | $210,358 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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