$2,000,000
8709 SKY MOUNTAIN DR, Austin, TX, 78735
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About this property
Currently zoned RR Rural Residential. Surrounding properties are zoned MF1. City of Austin has determined they would be in support of rezoning for Multi-Family. Water & electric service by City of Austin. Possible Grandfathered 55% impervious cover, see city consult report in documents. Adjacent to Travis County Precinct 3 facility. Buyer to conduct due diligence on property. Great views from hilltop, Mature trees, property needs clean-up. APPRAISAL & CITY CONSULTANT REPORT AVAILABLE
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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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