Prime development opportunity in 78722—value is in the land and location. This .158-acre, level lot offers excellent frontage and mature trees, surrounded by new construction and ongoing revitalization. Refer to survey. The existing structure is a complete renovation or tear-down and should be accessed at your own risk; the lot itself is easy to walk.
Ideally located just minutes from Downtown Austin and approximately 1.5 miles from Mueller, with convenient access to IH-35, Airport Blvd, and 183. A compelling opportunity for builders, developers, or buyers looking to create a custom home or pursue a redevelopment project in a high-demand East Austin neighborhood with strong resale potential. Endless possibilities in a prime location.
Ideally located just minutes from Downtown Austin and approximately 1.5 miles from Mueller, with convenient access to IH-35, Airport Blvd, and 183. A compelling opportunity for builders, developers, or buyers looking to create a custom home or pursue a redevelopment project in a high-demand East Austin neighborhood with strong resale potential. Endless possibilities in a prime location.
Listing Provided Courtesy of Compass RE Texas, LLC
Property Details
Price:
$400,000
MLS #:
1954846
Status:
Pending
Beds:
3
Baths:
1
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
Giles Place Sec 02
Listed Date:
Jan 9, 2026
Finished Sq Ft:
1,092
Lot Size:
6,904 sqft / 0.16 acres (approx)
Year Built:
1950
See this Listing
Schools
School District:
Austin ISD
Elementary School:
Maplewood
Middle School:
Kealing
High School:
McCallum
Interior
Appliances
None
Bathrooms
1 Full Bathroom
Cooling
None
Flooring
See Remarks
Heating
None
Exterior
Community Features
None
Exterior Features
Private Yard
Other Structures
Shed(s)
Parking Features
Driveway
Roof
Composition
Financial
Taxes
$11,631
Map
Community
- Address3506 Grayson LN Austin TX
- SubdivisionGiles Place Sec 02
- CityAustin
- CountyTravis
- Zip Code78722
Market Summary
Current real estate data for Single Family in Austin as of Mar 06, 2026
3,127
Single Family Listed
94
Avg DOM
400
Avg $ / SqFt
$1,057,296
Avg List Price
Property Summary
- Located in the Giles Place Sec 02 subdivision, 3506 Grayson LN Austin TX is a Single Family for sale in Austin, TX, 78722. It is listed for $400,000 and features 3 beds, 1 baths, and has approximately 1,092 square feet of living space, and was originally constructed in 1950. The current price per square foot is $366. The average price per square foot for Single Family listings in Austin is $400. The average listing price for Single Family in Austin is $1,057,296. To schedule a showing of MLS#1954846 at 3506 Grayson LN in Austin, TX, contact your Ensor & Co., Realtors agent at 512-640-9277.
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