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145 acres of untouched land in West Austin has hit the market

 

One of the last large undeveloped tracts on Shepherd Mountain overlooking Lake Austin is being marketed nationwide — the first time the property has been for sale in 26 years.

The exclusive listing for the 145 acres, which are being billed as an unprecedented offering of pristine land in West Austin. Perched on a bluff near the Pennybacker Bridge on Loop 360 and Courtyard Drive, the prime property with breathtaking views has been coveted for years by many a developer. But the answer from the owner has been the same time after time for the last two decades: the land isn’t for sale.

Until now.

A preliminary plat is in place for 70 residential lots, The site is near “high-end residential neighborhoods and and home to executive decision makers, upper level managers, and allows easy access to major Austin thoroughfares,” it states.

“There are significant barriers to entry for development in West Austin, with land use restrictions in place along Capital of Texas Highway (Loop 360) and RR 2222 to preserve the environment and Hill Country terrain. Much of the land is permanently preserved, including the Balcones Canyonlands Preserve, Wild Basin Preserve and the Bull Creek Watershed.”

Most of the land is in the Lake Austin watershed, with a small portion in the Coldwater Creek watershed, according to the offering.

Orginal article by: By Shonda Novak

American-Statesman Staff

Preview orginal article here

Compliments of: Martha Small | Austin Portfolio Real Estate | 512.587.0308

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