For Sale Lot / Land MLS# ACT3244031

1603 Taylor Gaines St

Austin, TX 78741

$1,500,000

Take the tour

About 1603 Taylor Gaines St

Rare .6-acre double lot in prime East Travis Heights with exceptional development potential and flexible seller financing. Elevated hilltop setting with downtown view potential in one of Austin’s most desirable urban neighborhoods. Potential for up to six dwellings (buyer to verify). Seller financing available at 5% interest with only 10% down, offering a rare opportunity to secure scale in 78704 with minimal upfront capital. Ideal for builders, investors, or developers seeking urban infill, boutique multifamily, luxury townhomes, or a private compound concept. Existing improvements provide optional interim use or holding income while development plans are finalized. Minutes to downtown Austin, South Congress, Lady Bird Lake, and East Austin’s top dining and entertainment. Quiet, established neighborhood with strong resale and rental demand. Opportunities to acquire land of this size with favorable financing in East Travis Heights are extremely limited.

Property details

Property

Type
Multiple Lots (Adjacent)
MLS type
Land
Status
Active
Lot
0.6005 AC / 26,157 SF
Original price
$1,500,000
MLS #
3244031

Exterior & lot

Features
Private Yard
Lot
Back Yard, Front Yard, Garden, Level, Trees-Large (Over 40 Ft), Trees-Medium (20 Ft - 40 Ft)
Fence
Partial, Wood
View
City

Schools

District
Austin ISD
Elementary
Travis Hts
Middle
Lively
High
Travis

Utilities

Utilities
Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Water
Public
Sewer
Public Sewer

Financial

Annual tax
$18,629
Tax year
2025
Parcel
03030507060000
Legal
LOT 5-6 SUMMIT HILL
Special conditions
Standard

Location

Subdivision
SUMMIT HILL
County
Travis
Directions
EAST OF I-35TAKE WOODLAND LEFT ON SUMMIT,RIGHT ON TAYLOR-GAINES

Location

Neighborhood
SUMMIT HILL

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Listed by Dru Brown, Moreland Properties

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.