DOUBLE OPPORTUNITY: Great Duplex or Lot for Double Million Dollar Home Build (HUGE LOT) Nestled in one of South Austin’s most sought-after and rapidly evolving neighborhoods, this property offers a rare opportunity to own in the heart of a vibrant, high-growth area. Surrounded by modern new construction—where builders are transforming lots into stylish two-unit residences—this property sits right in the path of progress. Currently configured as a duplex, the home provides immediate income potential or flexibility for multi-generational living. With the right vision, it can be thoughtfully remodeled to maximize value, updated for today’s lifestyle, or reimagined to align with the surrounding trend of contemporary new builds. The lot itself is a standout feature—offering ample space and positioning ideal for redevelopment or expansion. Whether you’re an investor, builder, or homeowner looking to create something special, the possibilities here are wide open. Located just minutes from South Austin’s best dining, live music, parks, and local hotspots, this property blends urban convenience with neighborhood charm. Opportunities like this—where location, flexibility, and upside all come together—don’t come around often.
Active under contract
Price cut: $20K (6/10)
$379,000
1303 Falcon Cv, Austin, TX 78745
5beds
2baths
1,584sqft
Duplex
Built in 1971
-- sqft lot
$-- Zestimate®
$239/sqft
$-- HOA
What's special
Great duplexHuge lotConfigured as a duplexAmple space
- 131 days
- 209
- 4
Zillow last checked:
Listing updated:
Listed by:
Bryan Webb (512) 415-7379,
Webb Real Estate LLC (512) 415-7379
Source: Unlock MLS,MLS#: 6361594
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
Rooms
- Room types: Primary Bedroom, Bedroom, Primary Bathroom
Heating
- Ceiling, Natural Gas
Cooling
- Ceiling Fan(s), Central Air
Appliances
- Included: See Remarks, Dishwasher, Free-Standing Range, Refrigerator
Features
- Ceiling Fan(s), High Speed Internet, No Interior Steps
- Flooring: See Remarks, Laminate, No Carpet
- Windows: None
Interior area
- Total interior livable area: 1,584 sqft
Property
Parking
- Parking features: Off Street, Outside
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Patio & porch: None
- Exterior features: None
- Fencing: None
- Has view: Yes
- View description: None
- Waterfront features: None
Lot
- Size: 10,798 Square Feet
- Features: Cul-De-Sac, Few Trees, Level, Pie Shaped Lot
Details
- Additional structures: None
- Parcel number: 04121004310000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Foundation: Slab
- Roof: Composition, Shingle
Condition
- See Remarks
- New construction: No
- Year built: 1971
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Internet-Fiber, Natural Gas Connected, Sewer Connected, Underground Utilities
Community & HOA
Community
- Features: None
- Subdivision: Glenwood Square
HOA
- Has HOA: No
Location
- Region: Austin
Financial & listing details
- Price per square foot: $239/sqft
- Tax assessed value: $470,891
- Annual tax amount: $9,636
- Date on market: 4/24/2026
- Listing terms: Cash,Conventional,FHA
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/15/2026 | Contingent | $379,000$239/sqft |
Source:  Unlock MLS #6361594 Report a problem | ||
| 6/10/2026 | Price change | $379,000-5%$239/sqft |
Source: Unlock MLS #6361594 Report a problem | ||
| 4/24/2026 | Listed for sale | $399,000$252/sqft |
Source: Unlock MLS #6361594 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,281 -19.4% | $470,891 -18.8% |
| 2024 | $10,276 +5.9% | $580,129 -3.1% |
| 2023 | $9,702 -6.2% | $598,754 +0.2% |
| 2022 | $10,347 | $597,623 +74.2% |
| 2021 | -- | $343,131 -4.3% |
| 2020 | $7,982 +3.8% | $358,474 |
| 2019 | $7,689 +149.6% | $358,474 +43.9% |
| 2018 | $3,081 | $249,091 +79% |
| 2017 | $3,081 -10.4% | $139,155 |
| 2016 | $3,440 | $139,155 -4.8% |
| 2015 | $3,440 | $146,194 -3.4% |
| 2014 | $3,440 | $151,314 +4.7% |
| 2013 | -- | $144,550 -11.2% |
| 2012 | -- | $162,840 +0.1% |
| 2011 | -- | $162,711 +39.3% |
| 2010 | -- | $116,800 -8.5% |
| 2009 | -- | $127,672 |
| 2008 | -- | $127,672 +0% |
| 2007 | -- | $127,611 +19.4% |
| 2006 | -- | $106,893 +25.6% |
| 2005 | -- | $85,139 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: South Manchaca
Nearby schools
Schools provided by the listing agent
- Elementary: Joslin
- Middle: Covington
- High: Crockett
- District: Austin ISD
Source: Unlock MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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