




$1,350,082
NAL Estimated Property Value3406 Merrie Lynn Ave, Austin, TX, 78722
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About this property
0.27 acre corner lot priced to sell - a fantastic development opportunity in the highly desired Cherrywood neighborhood! This SF-3 zoned corner lot, less than 10 minutes from downtown Austin, has endless development possibilities - build a single family home, duplex, or main house & ADU style. Given the lot size, total buildable sqft is around 4,700. With a corner lot, both dwelling units would have their own entrance and address, making it very unique and reminiscent of a single-family home in a condo setting. Survey is available. Comps indicate an ARV of $2.1M or more, making it ideal for development. The renderings are conceptual and illustrate possible future development. Buyer is responsible for completing all due diligence. Appointments are required to walk the property. The current structure on the property is a teardown.
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Learn About the Market: Opportunity in Austin




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Austin
Austin may be the Live Music Capital of the World, but it’s also one of America’s fastest-growing innovation hubs. Fueled by tech expansion, the University of Texas, state government, and a steady influx of new residents, Austin blends startup energy with Hill Country charm.
From downtown high-rises overlooking Lady Bird Lake to booming suburbs like Round Rock and Leander, the region attracts younger professionals, entrepreneurs, and remote workers seeking opportunity with lifestyle. Austin isn’t just growing — it’s redefining what modern Texas looks like.
Population Growth
~0.4%
Net Migration
Positive
Median Home Price
$555,300
Unemployment Rate
3.20%
Price Trend
~0.4% YoY growth
New Permits
2,269 units
City: Austin
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