3105 Ray Wood Dr, Austin, TX 78704 Exceptional Builder Opportunity in Prime South Austin Positioned in the heart of 78704, this 0.18-acre lot offers a rare opportunity for builders and developers seeking a high-demand infill location. The property is surrounded by ongoing redevelopment and strong resale values ideal for a custom new build or luxury spec home. The existing structure provides the option for a full teardown and rebuild. Please note: there is a mold-like odor inside the current dwelling, and the property is being sold as-is for land value. Site Highlights Level lot with established utilities (water, sewer, and electric connections) Spacious backyard suitable for pool addition or accessory dwelling unit (ADU) Zoned SF-3 (verify with City of Austin), supporting single-family or duplex potential Lot size: approximately 0.18 acres ( 7,800 sq. ft.) Location Advantages Less than 10 minutes to Downtown Austin, South Congress (SoCo), and Lady Bird Lake Surrounded by top-tier dining, shopping, and entertainment Quiet, mature neighborhood with steady new construction activity Excellent buyer demand for modern new builds in this corridor Whether your goal is to design a modern architectural showcase or a market-ready spec home, this property offers the perfect canvas for a profitable South Austin project.