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Days276Days on Market
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$205,000

5008 McCormick Mountain DR, Austin, TX, 78734

On MarketInfo
Baths0 Bath
UnimprovedLandUnimprovedLand

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size22,699 sqft

Land Information

APN01585509160000
Lot Number13
SubdivisionMccormick Mountain Subd Phs 3
Land UseResidential
Legal DescriptionLOT 13 BLK A MCCORMICK MOUNTAIN SUBD PHS 3
Census Tract031400
Assessed Land Value$361,766
Assessment Year2025

About this property

This .521 acre lot has a cleared, level site, perfect for building your home, with a heavily wooded back yard! This is a rare opportunity to build in the hill country, without the hassle of sloped build sites! Easy access to 620 and Lake Travis, with acclaimed Lake Travis ISD schools and low taxes at 1.856%. Enjoy lake life with beautiful Lake Travis nearby and Infamous Brewery only half a mile away. Build at any time, with flexible restrictions. This lot is part of the McCormick Mountain community, just outside of the gated entrance, which includes recently built custom homes. Septic needed, but water and electricity are available.

Investor Tools

$143,007Estimated Mortgage Balance
$218,759Estimated Equity
60% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,171 /month
Positive
Cash Flow Estimate:
$724 /month

Interested in this property?

Autumn Lapaglia

Legacy Austin Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$635/month
$150/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,806
$361,766
2025
$361,766
N/A
$361,766
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,806
$361,766

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Conventional
$157,500
No
First
Aug 13, 2021
Sep 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$143,007
$218,759
60%
40%
$752/mo

Learn About the Market: Opportunity in Austin

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Explore

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.

Explore Texas Explore This Area
Population Growth

Population Growth

~0.4%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$555,300

Unemployment Rate

Unemployment Rate

3.20%

Price Trend

Price Trend

~0.4% YoY growth

New Permits

New Permits

2,269 units

City: Austin

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5008 McCormick Mountain DR | Property Details | No Agent List