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Austin · Thomas Eldridge

$599,000 46 days on market

2703 Wheless Ln, Austin, TX 78723

  • 3bedrooms
  • 1bathrooms
  • 1,406sqft
  • 0.48acres
  • 1947year built

About this home

This almost half acre property is being marketed as a tear down. A new 4″ sewer line from the house to the street has been installed in Aug/Sept 2025 for >$30,000 with full permits, which will save on development cost. According to the City of Austin’s HOME initiative property code changes, ‘small lot single-family residential use’ allows for development on lots as small as 1800 ft. The highest and best use of this property might be to subdivide it into two 10,000SF+ lots and build multiple units on each lot, or build multiple units on the whole almost half acre property. There is no tree survey available, but most of the trees are on the periphery of the lot and the center part of the lot which would be the buildable area is clear and flat. There is a lot of new development in this area and it is very desirable due to proximity to Downtown as well as UT Austin.

Property

Type
Single Family Residence
Levels
One
Year built
1947
Lot size
0.48 acres
Subdivision
Thomas Eldridge
MLS #
ACT7840056

Inside

Bedrooms
3
Bathrooms
1
Living area
1,406 sqft

Schools

Elementary
Blanton
High school
Northeast Early College
District
Austin ISD

Costs

Est. annual taxes
$9,342 (2025)

Listing

First listed
Jun 15, 2026
Days listed
46
Status
Active

Listed by Naila Ismail, JPAR Austin · [email protected] · MLS# ACT7840056 · Active

Estimate your monthly payment

Loan

Down payment
%
0%10%20%30%40%50%
Loan term
Interest rate (%)
3%5%7%9%

Yearly costs

Monthly payment

$0

Total monthly

Principal & interest
$0
Property tax
$0
Insurance
$0
HOA
$0
Loan amount
$0

Estimate only. Tax / insurance defaults are typical Texas figures; your actual numbers will vary. Talk with a lender for a real quote — I can refer you to one I trust.

Where this home sits

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