8737 W Highway 71, Austin, TX 78736

Discover an exceptional investment opportunity with this expansive +/- 24.9-acre property located in the highly desirable Oak Hill area, just off Highway 71. This versatile parcel offers a wealth of potential. Currently zoned for rural residential / ag. The property includes three houses, a garage, and ample raw land. Utilities on-site include electricity, septic systems, and five wells providing substantial water resources (approximately 880 million cubic feet of water estimated to be underneath). The main home is currently being used as a primary residence. It is approximately 3500sf and has 5 beds, 2 1/2 baths as well as off grid capabilities through the solar field, septic system and wells. The property offers direct access from Roaring Springs Drive and Mowinkle Drive. There is also a small wet weather creek within the greenbelt on the East side of the property that would add a natural decorative element to a small residential development. This property is an unparalleled opportunity for anyone looking to capitalize on the growing demand in the South West Austin area.

At 24.913 acres in Oak Hill, 8737 W Highway 71 stands out for something you rarely see this close to Austin: a large residential tract with existing homes, direct Highway 71 frontage, and multiple access points already in place. In Austin, 8737 W Highway 71 offers a scale that is hard to duplicate in Austin, TX 78736, especially with Roaring Springs Drive and Mowinkle Drive both tied to the property.

Priced at $3.50 million, this Residential - See Remarks offering in Travis County combines immediate usability with long-term optionality. The main residence is reported at about 3,500 square feet with 5 bedrooms, 2 full baths, and 1 half bath. The site also includes two other houses and a garage, which matters for buyers looking at multigenerational use, rental income, staff housing, or phased improvements over time. Utilities are already a major part of the story here. Electricity, septic systems, five wells, and water rights are in place, and the main home has off-grid capability through a solar field. That gives the property a different profile than many raw land offerings along this stretch of West Highway 71.

From a lifestyle standpoint, this address puts you in the Oak Hill area with fast access to one of Southwest Austin’s main corridors. Highway 71 connects you east toward downtown Austin and Austin-Bergstrom International Airport, while nearby Highway 290 opens routes toward the Y at Oak Hill, Bee Cave, and Dripping Springs. The location also keeps daily drives practical for shopping and dining around the Hill Country Galleria and Barton Creek Square, while outdoor access stays close with Barton Creek Greenbelt trailheads and local Hill Country parks within reach.

The land itself is part of the appeal. Five acres are integrated into the Covered Bridge development, which creates a clear point of connection for future residential thinking. A wet weather creek along the east-side greenbelt adds topography and natural screening that can shape how the property feels on the ground. Buyers looking for a private estate, a family compound, or land with development potential will see the value in the combination of acreage, infrastructure, and road access. In a part of Austin where large tracts keep getting harder to find, this property gives the next owner room to live now and make a smart longer-term play on land value.