Properties / Austin
924 Cypress Grove Dr
This property is being displayed for real-estate discovery and analysis. It is not currently an investment offering through Realtix.
Overview
- Lot
- 2.00 acres
A cleared 2-acre lot with about 150 feet of Lake Austin frontage, sold with architectural plans, reactivatable permits and engineered plans for a dock and limestone bulkhead. The listing reports about $650,000 already spent on design and development.
Financials
From the listing
| Asking price | $6,750,000 | Reported · MLS reported |
| Price per acre | $3,370,435 | 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 Lake Austin home
Strengths
- About 150 feet of Lake Austin frontage
- Dock and bulkhead engineering included
- Permits that the listing says can be reactivated
Risks
- The page conflicts on sewer: installed versus septic needed
- Very high land price
- Permit reactivation is not guaranteed
Catalysts
- Faster path to a waterfront build using existing plans
Due diligence still needed
- Resolve the sewer versus septic conflict
- Confirm permit status with Travis County and the city
- Verify the $650,000 spend claim
- Survey frontage and shoreline setbacks
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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Sources
- Listing source
- SearchAustinHomes (Austin MLS feed) · MLS #7330463
- Listing brokerage
- Moreland Properties
- Last verified
- 2026-10-09
Updates
- 2026-10-09 Listing checked against the source.
- Listing 7 days on market as of the last check.