Active Listing  ·  21 days on market

8119 S Highway Fm 973 None

Austin, TX 78719
$1,200,000
4 Bed 2 Bath 2,698 sqft $445/sqft Built 2006 10.10 acres Pool South Fork Estates

Prime opportunity to own 10.1 unrestricted acres in one of Austin's fastest-growing corridors. Located on highly traveled FM 973, this property offers outstanding visibility, easy access, and exceptional potential for future residential, commercial, or investment use (buyer to verify all intended uses and development requirements).

The property includes a well-maintained 2,698-square-foot home, multiple outbuildings, and ample open space, making it suitable for immediate occupancy, rental income, a business operation, or future redevelopment. Whether you're looking to establish a homestead with room to grow, create a business headquarters, or invest in land positioned along Austin's expanding eastern growth corridor, this property offers flexibility and long-term upside.

Conveniently located just minutes from Tesla Gigafactory, Austin-Bergstrom International Airport, SH 130, and Circuit of The Americas, with quick access to downtown Austin and the rapidly developing Del Valle area. Large acreage tracts with this location, road frontage, and versatility are becoming increasingly difficult to find.

Buyer to independently verify zoning, development potential, utilities, and all intended uses.

At $445/sqft, this home is priced 14% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

8119 S Highway Fm 973 None, Austin, TX 78719

Property Details

Price $1,200,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 2,698 sqft
Lot Size 10.10 acres (439,956 sqft)
Year Built 2006
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision South Fork Estates
County Travis
Zip Code 78719
$/sqft $445/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $11,367.5
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239762293
List Date July 14, 2026
Elementary School Creedmor
Middle School Ojeda
High School Del Valle
School District ,

Luke Allen (TREC #788149) has deep knowledge of Austin and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

Schedule a Call →

Similar Homes on the Market in Austin

Comparable Listings Right Now

Homes currently for sale in Austin with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
3309 Goodwin Ave #A
Division A
$1,200,000 $643 3 bd / 3 ba 1,865 sqft , 2026-03-13
3309 Goodwin Ave #B
Division A
$1,200,000 $643 3 bd / 3 ba 1,865 sqft , 2026-03-13
4324 Far West Blvd
Meadow Mountain 03
$1,200,000 $398 4 bd / 3 ba 3,013 sqft , 2024-12-06
3907 Cresthill Dr
Northmoor Park
$1,200,000 $497 3 bd / 3 ba 2,416 sqft , 2026-03-25
3107 Frijolita St
Oak Shores On Lake Austin Sec
$1,200,000 $400 3 bd / 3 ba 2,998 sqft , 2026-04-18

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$5,760/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$240,000
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$5,760
Principal + Interest−$6,549
Property Tax (~2.1% TX avg)−$2,100
Insurance (~0.5%)−$500
Est. Monthly Cash Flow $-3,389

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Austin, TX

Austin sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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