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$245,000
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Property Description
This property presents an excellent opportunity for investors seeking a prime build site in the highly desirable 78741 zip code. This property is ideally suited as a tear-down with a clear 0.1538-acre lot offering flexibility for an A&B unit development or a single-family build. In addition to its redevelopment potential, the existing 774 sq. ft. home on the lot offers renovation possibilities for those interested in revitalizing the current structure. Recent new construction in the area is achieving sales of $750,000 and above, making this an attractive prospect for strong returns. With no HOA restrictions, investors have the freedom to design and build with fewer limitations. Situated in Southeast Austin, the property offers quick access to major highways, Downtown Austin, and an abundance of outdoor amenities. Just minutes from Lady Bird Lake, scenic trails, and Austin's renowned green spaces, this location provides the perfect balance of urban convenience and natural beauty.
Full Property Details
Full Property Details for 908 Vargas Rd
General
- Price: $245,000
- Taxes: $4,619 (2025)
- Status: Active
- Type: Lots/Land
- Source: Austin_MLS
- MLS ID: 3548014
- Updated: 1/9/2026
- Added to Site: 115 day(s) ago
Additional Information
- Shared Amenities: None
Location
- Area: 9
- County: Travis
- Subdivision: Chernosky 15
- Driving Directions: Head east on E 5th st towards Brazos St, Turn left on brazos and then right onto E 7th street. Using the right 2 lanes, take the ramp to US-183 N, continue onto 183 S, Use the right lane to turn slightly right to stay on 183 S, Turn right onto Vargas Road
School Information
- Elem School District: Austin ISD
- Midd School District: Austin ISD
- High School District: Austin ISD
- Elementary School: Allison
- Middle School: Martin
- High School: Eastside Early College
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Available, Water Connected
Structural Information
- Detached/Attached: Detached
Additional Structures
- Other Structures: Shed(s)
Lot Features
- Lot Size (Acres): 0.1538
- Lot Size (Sq. Ft.): 6,699.53
- Fence: Yes
- Lot Features: Interior Lot, Few Trees, Trees Medium Size
- Fencing (Description): Chain Link, Wood
Financial Considerations
- Assessment Amount: $233,065
- Tax Amount: $4,619
- Tax Year: 2025
- Terms: Cash, Conventional, FHA, VA Loan
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: LOT 4 BLK 4 CHERNOSKY NO 15
- Disclosures/Reports: Lead Based Paint Disclosure, Seller Disclosure
- Property ID: 3061804040000
- Block: 4
- Lot Number: 4
Listed by Keller Williams Realty
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Schools
Schools serving 908 Vargas Rd
School District:Austin Independent School District
| Name | Grades | Distance |
|---|---|---|
Allison Elementary School 515 Vargas Road, Austin, TX 78741 | K-5 | 0.3 mi |
Martin Middle School, Austin, TX 1601 Haskell Street, Austin, TX 78702 | 6-8 | 2.5 mi |
Eastside Memorial High School 900 Thompson Street, Austin, TX 78702 | 9-12 | 2.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 908 Vargas Rd
Date
Details
Price
Change
Source
1/09/2026
Price Reduced
$245,000
-5.77%
MLS
10/23/2025
Price Reduced
$260,000
-7.14%
MLS
9/25/2025
Listed
$280,000
—
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 908 Vargas Rd
Year
Property Taxes
Change
Tax Assessment
Change
2024
$6,190
—
$233,065
-25%
2024
$6,190
-23%
$312,317
-25%
2022
$8,077
—
$417,371
2%
2022
$8,077
54%
$408,986
70%
2021
$5,239
21%
$240,697
24%
2020
$4,328
4%
$194,380
—
2020
$4,169
3%
$194,380
6%
2018
$4,034
48%
$183,632
3%
2016
$2,725
-31%
$178,260
46%
2017
$3,975
72%
$122,183
21%
2015
$2,317
61%
$100,911
67%
2014
$1,439
-3%
$60,469
13%
2014
$1,489
—
$53,438
—
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 908 Vargas Rd
908 Vargas Road, Austin, TX 78741 (MLS# 3548014) is a Lots/Land property with a lot size of 0.1538 acres. 908 Vargas Road is currently listed for $245,000 and was received on September 25, 2025. Want to learn more about 908 Vargas Road? 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.

