1700/1704 Lightsey Rd, Austin, TX 78704

This is a true UNICORN, a rare development opportunity in the heart of south Austin! Nestled in one of Austin’s most sought-after neighborhoods, this exceptional 2.98-acre two-lot tract offers a once-in-a-generation opportunity to create something truly special. Held in the same family since 1940, the property is now ready for its next chapter. With SF-3 zoning in place—and potential for rezoning to SF-6—this land is primed for a thoughtful infill development. A full suite of studies has already been completed, including a boundary, tree, and topographic survey, along with a detailed feasibility report that outlines how up to 24 detached 2,300-square-foot residences with 2-car garages could be built—while preserving 31 Protected and Heritage trees, in compliance with City of Austin guidelines. This is more than a development site; it’s a rare canvas for building a new community in vibrant South Austin, where opportunities of this scale and character are increasingly hard to find.