Properties / Austin
2803 Edgewater Dr
This property is being displayed for real-estate discovery and analysis. It is not currently an investment offering through Realtix.
Overview
- Lot
- 13,896 sq ft
A 0.32-acre lot in the Cuernavaca community with lake views, deeded vested rights from the City of Austin and access to a community park with boat entry. The seller, an architect, designed a roughly 3,500 sq ft modern home with pool for it. Price was cut from $525,000 to $499,000 in September 2026.
Financials
From the listing
| Asking price | $499,000 | Reported · MLS reported |
| Original list price | $525,000 | Reported · MLS reported |
| Price per acre | $1,564,223 | Calculated |
Land produces no rent today. Its value depends on what can be built, so Realtix analyzes it as a development site (see Realtix plan).
Realtix plan
Desk analysis complete, based on the listing and market data. Figures not confirmed by documents are marked as estimates. This is Realtix's own view, not investment advice.
Strategy: Build a modern home
Strengths
- Vested rights per the listing
- Community boat entry for residents
- Eanes ISD
Risks
- Septic needed
- Sloped lot raises foundation cost
- Description names 2805 Edgewater while the listing is 2803
Catalysts
- Use or adapt the architect's design
Due diligence still needed
- Resolve the 2803 versus 2805 address question
- Confirm what the vested rights cover
- Get a septic feasibility study
- Confirm community boat access terms
Realtix screening score
Land is not scored, because the score measures income and building age.
Realtix preliminary screening score. Not investment advice, and it does not predict returns.
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Map
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Sources
- Listing source
- LandSearch · MLS #ABOR 9407497
- Listing brokerage
- Compass RE Texas · Natasha Antonioni
- Last verified
- 2026-10-09
Updates
- 2026-10-09 Listing checked against the source.