1402 Valleyridge DR, Austin, TX 78704 - MLS#5153489

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Marissa Gomez

marissa@purerealty.com +1(512) 905-9970

$1,250,000

Est. payment - /mo

0.83 Acres Lot

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UPDATED:

Key Details

Property Type Vacant Land

Sub Type Multiple Lots (Adjacent)

Listing Status Active

Purchase Type For Sale

Subdivision South Lamar

MLS Listing ID 5153489

Annual Tax Amount $8,427

Tax Year 2024

Lot Size 0.830 Acres

Acres 0.83

Property Sub-Type Multiple Lots (Adjacent)

Source actris

Property Description

A GOLDEN opportunity for investors and developers to secure a prime 0.83-acre lot in the highly sought-after 78704 zip code, already subdivided into three SF3 lots, allowing for the development of up to nine units under the new HOME code. Strategically located just minutes from Zilker Park, Downtown Austin, South Congress, and Austin's best dining, shopping, and entertainment, this property is situated in one of the fastest-growing and most desirable neighborhoods in the city. With Lot 22A measuring 10,935 SQFT, Lot 22B at 10,331 SQFT, and Lot 22C at 9,573 SQFT, each lot can accommodate three units, with a total Floor Area Ratio (FAR) ranging from 6,222 SQFT to 7,107 SQFT, maximizing development potential. Whether you choose to build and sell nine luxury homes or develop high-end rental units, this opportunity offers substantial returns in a high-demand market. Adding to its appeal, the site offers unobstructed downtown Austin views, further enhancing the value of future properties. With Austin's real estate market experiencing continued appreciation and strong buyer demand, this project presents a lucrative investment in a premium location. The listing agent is available to assist with detailed development analysis, architectural and engineering coordination, and builder selection, ensuring a seamless path from acquisition to completion. Buyer to complete all due diligence and verify all information. Don't miss out on this rare investment opportunity in one of Austin's most thriving areas!

Location

State TX

County Travis

Area 6

Interior

Fireplace N

Exterior

Community Features See Remarks

Utilities Available See Remarks

Waterfront Description None

View Neighborhood

Building

Lot Description Level, Open Lot, Subdivided

Sewer See Remarks

Water See Remarks

New Construction No

Schools

Elementary Schools Zilker

Middle Schools O Henry

High Schools Austin

School District Austin Isd

Others

Restrictions See Remarks

Acceptable Financing Cash, Conventional

Tax Rate 1.98

Listing Terms Cash, Conventional

Special Listing Condition See Remarks

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Listed by Compass RE Texas, LLC • Darsh Parikh

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Marissa Gomez

+1(512) 905-9970

REALTOR® | License ID: 769161

REALTOR® License ID: 769161

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1402 Valleyridge DR Austin, TX 78704

Marissa Gomez

Key Details

Location

Interior

Exterior

Building

Schools

Others

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