S 1 ST TX 78704
| Owner | RIVER SOUTH VENTURE LLC |
|---|---|
| Parcel ID | 0203000222 |
| Short ID | 799823 |
| Type | Real |
| Use Code | C1 Vacant Lot |
| Valuation | Cost |
| Improvement SF | — |
| Land SF | 144,663 SF |
| Acres | 3.321 |
| Year Built | — |
| Legal | LOT 1 LADY BIRD LAKE WATER FRONT |
| Neighborhood | 34SC1 |
| Land | $47,015,397 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $47,015,397 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $31,725,837 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $31,725,837 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $31,725,837 |
| Taxable Value | $31,725,837 |
|---|
Appreciation: Market value has risen +46.2% from $21,699,414 (2021) to $31,725,837 (2025), a CAGR of 10.0% over 4 years. This is strong appreciation — well above typical inflation. Over the same span, the median Land/Vacant parcel countywide rose +487.2%, so this parcel has lagged the broader land/vacant market over the same period.
Tax Burden: The combined rate across 5 taxing entities is 2.0465% in 2025 (+0.0647% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $649,264. Austin ISD is the largest single contributor, at 43.3% of the total 2025 levy.
Asset Class: Land / Vacant. This is valued using the cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 148% of market value ($47,015,397 land vs $0 improvements), about $325/SF of land. With value concentrated in the land, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $31,725,837, this parcel sits in the top quartile (≥75th percentile) of Land/Vacant property in Travis County — county median $85,028 (P25 $24,862 / P75 $363,420, n=35,611). Land/Vacant here is the broad TCAD category — every land/vacant property countywide, any size or use — not a use-code-specific peer group. See the Peer Set and the Where This Property Stands benchmark below, which narrows to this property's actual use code, for parcel-level comparables.
Forward Outlook: Holding the +10.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $51,005,786 by 2030, with an estimated annual tax burden around $960,818. Estimated Forward figures are model projections, not certified — see the 6-Year Projection section for the low/base/high bands.
No delinquent taxes on record.
Market value changed by 117% in 2023, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Entity | 2021 Rate | 2022 Rate | 2023 Rate | 2024 Rate | 2025 Rate | YoY (2024→25) | Amt Due | Amt Paid | Balance |
|---|---|---|---|---|---|---|---|---|---|
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $293,527.44 | $293,527.44 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $166,248.78 | $166,248.78 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $119,239.97 | $119,239.97 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $37,443.78 | $37,443.78 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $32,804.52 | $32,804.52 | Paid |
| P2U | — | — | — | — | — | — | $28,883.90 | $28,883.90 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $678,148.39 | $678,148.39 | Paid |
| 2026 Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | — | $31,725,837 | — |
| Assessed Value | — | $31,725,837 | — |
| Land Value | — | $47,015,397 | — |
| Improvement Value | — | — | — |
| Taxable Value | — | $31,725,837 | — |
| Total Tax | Pending certification |
~$678,148
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2025 | $31,725,837 | $47,015,397 | — | — | $31,725,837 | $31,725,837 | ~$678,148 | Partial |
| 2024 | $— | — | — | — | $47,015,397 | $— | $757,449 | Verified |
| 2023 | $— | — | — | — | $47,015,397 | $— | $695,028 | Verified |
| 2022 | $— | — | — | — | $21,699,414 | $— | $449,746 | Verified |
| 2021 | $21,699,414 | — | — | — | $21,699,414 | $— | $493,526 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2025 | -32.5% | -32.5% | ~100% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | 1.6100% | Verified |
| 2023 | +116.7% ! | +116.7% | ~100% | 1.4800% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 2.0700% | Verified |
| 2021 | base year | — | ~100% | 2.2700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +46.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +46.2% | +46.2% | +10.0% | +46.2% | 2025 | +46.2% | 2025 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| Effective Tax Rate (2025) | 2.1400% | 2.1400% | — | 2.1400% | 2025 | 2.1400% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$678,148 | $585,837 | ~$826,889 | $678,148 | 2025 | $493,526 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$34,886,256 | ~$34,886,256 | ~2.0139% | ~$702,587 | +10.0% |
| 2027 | ~$38,361,504 | ~$38,361,504 | ~1.9814% | ~$760,090 | +20.9% |
| 2028 | ~$42,182,945 | ~$42,182,945 | ~1.9488% | ~$822,078 | +33.0% |
| 2029 | ~$46,385,065 | ~$46,385,065 | ~1.9163% | ~$888,873 | +46.2% |
| 2030 | ~$51,005,786 | ~$51,005,786 | ~1.8837% | ~$960,818 | +60.8% |
| 2026 | ~$34,251,739 | ~$34,251,739 | ~2.0465% | ~$700,957 | +8.0% |
| 2027 | ~$36,978,744 | ~$36,978,744 | ~2.0465% | ~$756,764 | +16.6% |
| 2028 | ~$39,922,865 | ~$39,922,865 | ~2.0465% | ~$817,015 | +25.8% |
| 2029 | ~$43,101,386 | ~$43,101,386 | ~2.0465% | ~$882,063 | +35.9% |
| 2030 | ~$46,532,970 | ~$46,532,970 | ~2.0465% | ~$952,290 | +46.7% |
| 2026 | ~$35,520,772 | ~$35,520,772 | ~1.9977% | ~$709,585 | +12.0% |
| 2027 | ~$39,769,645 | ~$39,769,645 | ~1.9488% | ~$775,047 | +25.4% |
| 2028 | ~$44,526,753 | ~$44,526,753 | ~1.9000% | ~$846,016 | +40.3% |
| 2029 | ~$49,852,890 | ~$49,852,890 | ~1.8512% | ~$922,874 | +57.1% |
| 2030 | ~$55,816,121 | ~$55,816,121 | ~1.8024% | ~$1,006,014 | +75.9% |
In 2025, this property's market value of $31,725,837 places it in the top 25% for Land/Vacant properties in Travis County (35611 comparable) — 373× the county median of $85,028. Land/Vacant here is the broad TCAD category — every land/vacant property countywide, any size or use — not a use-code-specific peer group. Use the Use Code filter above to narrow to this property's actual type.
| Year | This Property | Bottom 25% | Median | Top 25% | Position | Group YoY |
|---|---|---|---|---|---|---|
| 2025 | $31,725,837 | $24,862 | $85,028 | $363,420 | ↑ Top 25% | +2.1% |
| 2024 | — | $23,000 | $66,000 | $330,000 | — | +0.0% |
| 2023 | — | $25,000 | $71,500 | $271,439 | — | +0.0% |
| 2022 | — | $15,000 | $55,000 | $180,463 | — | +100.0% |
| 2021 | $21,699,414 | $6,000 | $14,480 | $80,000 | ↑ Top 25% | base yr |
Estimate only. The appraisal district sets value as of Jan 1 (not at sale price). A sale is strong evidence of market value and is typically reflected in the next Jan 1 valuation. Taxing units set rates annually. Modeled from government data — not a legal or tax opinion.