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.
MLK-183, located between Martin Luther King Jr. Blvd and US-183, is a residential and commercial Austin neighborhood with mid-century streetscapes and big-sky arterial views. The neighborhood’s energy concentrates around the MLK Jr Blvd & Airport Blvd corridor, where taquerias, coffee counters, and small storefronts line the sidewalks. Mueller Lake Park and the Thinkery act as nearby cultural anchors, with Alamo Drafthouse Mueller adding a local-screening ritual. Housing ranges from older single-story homes to newer infill, set against wide roads and pocket parks. Daily rhythms center on bike lanes, bus stops, and the pull of Mueller’s walkable retail blocks.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Property to be built
Exterior features
Subdivided lot
Home design
Single-family zoning (SF-3-NP)
Utilities
Public water
Public sewer
HOA & community
Association to be determined
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
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Baths
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Stories
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Lot width
261 ft.
Lot depth
200 ft.
Lot size
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Year renovated
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Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
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Style
Vacant Land
County
Travis County
APN
5227 Ledesma Rd
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Aug 20, 2026.
SF-3
AIRPORT
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.
Zone overlays
Airport Overlay Zones
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
Climate risks
4/10 Flood Factor
Estimated 11-17% chance of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.77% chance of being in a wildfire in next 30 years
8/10 Heat Factor
7 days above 108° expected this year, 23 days in 30 years
8/10 Wind Factor
80% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Austin, TX • 78721
Average low and high temperatures (°F)
61
40
71
48
82
57
82
64
87
68
92
76
94
77
97
76
93
71
89
65
79
55
69
49
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
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Nov
Dec
Sun exposure
89/ 100
Very good sunlight
Sunscore
This home ranks in the top 29% for direct sun exposure in Austin. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.1 hrs
6.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for . Ledesma Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently listed between $485,000 and $850,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $450K to $850K.