Prime Hancock Development Opportunity | Central Austin Build Site Exceptional opportunity to build in one of Central Austin's most desirable neighborhoods! This flat, street-facing lot in the highly sought-after Hancock neighborhood offers the potential to build up to 3,551 FAR with approximately 2,300 square feet of impervious coverage, making it an outstanding opportunity for new construction, a custom luxury home, or an investment property. Design a spacious single-family residence or explore a two-unit construction concept adjacent to Unit #1, an existing home currently undergoing a complete remodel. Each property has its own address, providing flexibility for resale, multi-generational living, or long-term investment. Located just minutes from The University of Texas at Austin, Hyde Park, Mueller, Downtown Austin, Dell Medical School, and the Texas Capitol, this premier location offers exceptional walkability to neighborhood restaurants, coffee shops, parks, shopping, and entertainment. Enjoy quick access to major employers, medical centers, and some of Austin's most beloved local destinations. Whether you're a builder, developer, investor, or homeowner, this rare homesite offers endless possibilities in a neighborhood where new construction and thoughtfully renovated homes continue to drive strong demand. Bring your architect, your builder, and your creativity to create something truly special in one of Austin's most established and appreciating neighborhoods.
Hancock, located between Interstate 35 and Duval Street, is a historic and residential Austin neighborhood with early-20th-century bungalows and the fairway greens of Hancock Golf Course. The neighborhood’s character concentrates around the Red River Street and East 41st Street area, where coffee counters, casual patios, and small storefronts set a steady, walkable rhythm. Iconic pillars include Hancock Golf Course, Hyde Park Theatre, and Quack’s 43rd Street Bakery. Tree-lined blocks mix porch-front homes with low-rise apartments and pocket gardens. Waller Creek traces the eastern edge, adding shaded paths and a quieter backdrop. Nearby campus energy filters in through bike lanes and local hangouts.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Property to be built
Exterior features
Level lot
Lot dimensions approximately 40 x 132
Home design
Single-family zoning (SF3)
Construction
To be built
Utilities
Electricity available
Natural gas available
Public water
Public sewer
HOA & community
Part of 3906 Willbert Site Condominiums homeowners association (fee frequency: see remarks)
Electricity and solar
View estimated energy costs and solar savings for this home
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Vacant Land
County
Travis County
APN
—
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 25, 2026.
SF-3
Family Residence District
Family residence (SF-3) district is the designation for a moderate density single-family residential use and a duplex use on a lot that is a minimum of 5,750 sq ft. An SF-3 district designation may be applied to a use in an existing single-family neighborhood with moderate sized lots or to new development of family housing on lots that are 5,750 sq ft or more. A duplex use that is designated as an SF-3 district is subject to development standards that maintain single-family neighborhood characteristics.
Permitted uses
Include but are not limited to:
Agriculture-Other
Assembly/ meeting place
Garden center
Day care facility
Housing-Single unit
Housing-Multiple units
Housing-Senior
Bed & breakfast
Educational/school
Communications tower
Local insights from Redfin agents
There isn't one "Austin market" anymore. Central Austin, the suburbs, luxury homes, and entry level homes are all behaving differently. Buyers are choosing neighborhoods based on lifestyle, commute, and schools- not just price. The urgency of the...