Site information
Land size:
210 acres
Lot size:
1 acre lots
Number of Lots:
158
Start date:
Late 2022
End date:
2023
return analysis
Min. Investment:
$250,000
Equity Multiple:
1.52x
Avg. Annual Return:
17.2%
About
McVaugh Group and Epitome Development have partnered to develop the 210-acre tract of land in Leander, a ±30 minute drive from Downtown Austin, into one-acre home sites to cater to the growing demand in the region.
These one-acre home sites come with water and electricity and are eligible for a septic on-site. The targeted completion between Fall 2022 and Summer 2023.
The North Austin real estate market has seen tremendous growth over the past several years, with thousands of residential lots and new homes being delivered to the Leander and Cedar Park submarkets. During feasibility, we have identified Leander as a submarket experiencing incredible demand for single-family residential lots from national and regional builders with limited availability of residentially zoned properties.
As the Northwest submarkets of Austin continues to near build out, it is becoming harder to find larger lots in an area that is desirable to out-of-state buyers looking for additional space. The area attracts high household incomes due to its excellent school districts and easy accessibility to all areas of Austin.
Property Photos
