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$325,000
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Property Description
Build Your Vision in the Heart of East Austin! Here's your shot to create something special in one of Austin's most vibrant, walkable, and iconic neighborhoods. Nestled in a 2-lot regime in East Austin, this lot has huge potential. Walk a few blocks north and you're hitting 6th Street vibes; music, mezcal, and late-night tacos. Head south and it's all Lady Bird Lake energy, trees, trails, and water views. And right from home, you've got panoramic views of Downtown's skyline, including the new Waterline building, the tallest building in all of Texas, a reminder that the city is growing up (literally) all around you. Even better? Rainey Street is just three blocks away, and Waterline sits right next to it. Morning coffee runs, live music nights, and spontaneous meet-ups with friends suddenly feel like part of your daily routine. You're literally surrounded by everything that makes East Austin, East Austin. Think: Rainey Street strolls, mornings at Juan in a Million or Snooze, bike rides to UT or Downtown, and happy hours at The White Horse or Hotel Vegas. You're within blocks of Festival Beach, hike and bike trails, and a laundry list of East Side favorites like Cenote, Revelry, Emmer & Rye and more. This location screams Austin. It's got that raw, local energy, and it's just waiting for your build to plug into it. Whether you're thinking long-term hold, modern build, or short-term rental income, the proximity to downtown, campus, and lake life makes this a no-brainer investment. Bonus: With nearby bus stops, easy I-35 access, and a "who needs an Uber?" lifestyle, you or your future renters will always be connected. Cool neighborhood. Killer location. Solid return potential. This is what East Austin dreams are made of. Buyer to verify all info.
Full Property Details
Full Property Details for 1020 Spence St #B
General
- Price: $325,000
- Taxes: $4,616 (2025)
- Status: Active
- Type: Lots/Land
- Source: Austin_MLS
- MLS ID: 7043650
- Updated: 3/16/2026
- Added to Site: 113 day(s) ago
Additional Information
- Shared Amenities: Dog Park, Fitness Center, Internet Access, Lake, Playground, Park, Sidewalks
Location
- Area: 5
- County: Travis
- Subdivision: M K & T
- Driving Directions: From downtown turn left onto E. Cesar Chavez St. Turn right onto San Marcos St. Turn left onto the ally past Willow, before Spence St. Property will be on the right.
School Information
- Elem School District: Austin ISD
- Midd School District: Austin ISD
- High School District: Austin ISD
- Elementary School: Sanchez
- Middle School: Martin
- High School: Austin
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Available, Fiber Optic Available, Sewer Available, Water Available
Structural Information
- Detached/Attached: Detached
- Property Condition: To Be Built
Additional Structures
- Other Structures: Shed(s)
Lot Features
- Lot Size (Acres): 0.0689
- Lot Size (Sq. Ft.): 3,001.28
- Sidewalks: Yes
- Fence: Yes
- Lot Features: Alley, Interior Lot, Near Public Transit, Trees Medium Size
- Fencing (Description): Full, Gate, Perimeter, Wood
Financial Considerations
- Assessment Amount: $476,709
- Tax Amount: $4,616.3
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Standard
- Documents Avail.: Aerial, Survey
- Legal Description: LOT 16.B BLK 3 OLT 31-32 DIV O M K & T
- Disclosures/Reports: None
- Property ID: 02030409170000B
- Block: 3
- Lot Number: 16.B
Listed by Christie's Int'l Real Estate
Get Pre-Approved Today
Schools
Schools serving 1020 Spence St #B
School District:Austin Independent School District
| Name | Grades | Distance |
|---|---|---|
Sanchez Elementary School, Austin, TX 73 San Marcos Street, Austin, TX 78702 | PK-5 | 0.1 mi |
Martin Middle School, Austin, TX 1601 Haskell Street, Austin, TX 78702 | 6-8 | 0.4 mi |
Austin High School, Austin, TX 1715 West Cesar Chavez Street, Austin, TX 78703 | 9-12 | 2.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1020 Spence St #B
Date
Details
Price
Change
Source
1/31/2026
Price Reduced
$325,000
-7.14%
MLS
12/04/2025
Listed
$350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1020 Spence St #B
Year
Property Taxes
Change
Tax Assessment
Change
2024
$9,532
—
$476,709
-1%
2024
$9,532
-30%
$480,970
-23%
2022
$13,621
—
$621,227
-10%
2022
$13,621
27%
$689,718
40%
2021
$10,698
12%
$491,501
15%
2020
$9,548
4%
$428,825
—
2020
$9,198
16%
$428,825
19%
2018
$7,897
25%
$359,519
7%
2016
$6,339
-16%
$337,355
19%
2017
$7,523
18%
$284,264
2%
2015
$6,383
69%
$278,008
18%
2013
$3,771
—
$235,705
54%
2013
$3,771
—
$153,091
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1020 Spence St #B
1020 Spence Street #B, Austin, TX 78702 (MLS# 7043650) is a Lots/Land property with a lot size of 0.0689 acres. 1020 Spence Street #B is currently listed for $325,000 and was received on December 04, 2025. Want to learn more about 1020 Spence Street #B? Do you have questions about finding other Lots/Land real estate for sale in Austin? You can browse all Austin real estate or contact a Coldwell Banker agent to request more information.

