
— bed, — bath on 1.18 acres in Austin. Austin, TX 78721. $1,195,000. Austin ISD.
Prime development opportunity in East Austin with an approved site plan for six buildable lots totaling 12 residential units, across approximately 1.2 acres.
Building plans are currently in the final stages of the City of Austin permitting process and are expected to by end of September. They were designed by Local architect group Kipp Flores. The project will be delivered with the approved building plans, allowing a buyer to bypass an estimated 5–6 months of permitting, design costs, structural costs, and additional interest carry. Allowing an expedited process to the spring market of 2027.
Horizontal construction can begin immediately under the existing approved site plan, allowing development to move forward with horizontal work while the building permits are finalized.
Located less than one mile from Springdale Green and Springdale General and approximately 14 minutes from Downtown Austin, the property sits in an area experiencing significant continued investment and redevelopment.
With much of the entitlement, design, and permitting work already completed, a developer has the ability to step in, begin construction immediately, and potentially deliver finished homes in approximately 8–9 months, positioning the project for the upcoming spring selling season.
A rare opportunity to acquire a substantially de-risked East Austin development with 12 units, approved site planning, near-complete building permits, and the ability to break ground immediately. An entry level price point for homes sub $700,000, which cannot be found in east Austin any more and will have a high demand for new construction, filling this void.
Listing information last updated September 9, 2026.
Listed by 3rd Angle Realty LLC
MLS# 8811043 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Verified property facts
. Ledesma Rd is listed at $1,195,000 with 0 bedrooms, 1.18-acre lot. This places it above the ZIP 78721 single-family closed-sale median price of $450,000 (ZIP 78721 geography · single-family closed sales · median sale price · trailing 12 months as of Oct 15, 2026).
. Ledesma Rd is zoned for Austin ISD with assigned schools: Ortega (elementary), Martin (middle), Eastside Early College (high). School assignments should be verified directly with the district.
This page does not assume a mortgage rate or publish a monthly payment for . Ledesma Rd. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
As of Oct 15, 2026, . Ledesma Rd is offered at $1,195,000. The current MLS snapshot shows 62 active listings in 78721. Keenan Group has completed 5 verified transactions in 78721 within its 1,000+ completed transactions and $1B+ career volume across Austin.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
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1 record on file
Every recorded listing, sale, and lease at . Ledesma RD, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Listing timeline with current price, original ask, and market time.
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.
Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
20% ($239K)
Adjustable assumption - not a lending recommendation.
$1,195,000
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List price
$1,195,000
Price per sqft
Not available
Vs. Neighborhood guide reference price
Not available
Days on market
56 days
Original to current
No verified reduction
$1.2M 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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