AUSTIN -- With 145 acres of undeveloped land for sale on Shepherd Mountain, some overlooking Lake Austin, the green views could soon change.
Exxon Mobil owns the land near Loop 360 and Courtyard Drive, west and north of the Pennybacker bridge.
Jones Lang Lasalle is marketing the land nationwide and internationally, marking the first time the property has been for sale in 26 years.
Environmentalists say any development would impact wildlife and habitat. Some point out there is golden-cheeked warbler habitat in parts of land near 360, and that mitigation might be required to develop some parts of the land.
The property for sale is also close to the Travis County Preserve. The land does not include the popular overlook where people climb to take pictures. The parcel is just west and north of those cliffs, which the state of Texas owns.
The land for sale is appraised at a little more than $9 million. Broker associate with Cantera Real estate, Vik Vad says this is hot property, and that, “There will be a time when there is construction in that area.”
That construction could also impact current residents.
“Whenever new development occurs, first of all you have adjacent homeowners who are going to have to face maybe a few years of roads being put in, construction and noise and that sort of thing,” says Vad.