1402 Valleyridge DR new Save Request In-Person Tour Request Virtual Tour
Austin,TX 78704
Key Details
Property Type Vacant Land
Sub Type Multiple Lots (Adjacent)
Listing Status Active
Purchase Type For Sale
Subdivision South Lamar
MLS Listing ID 4471568
Originating Board actris
Annual Tax Amount $8,427
Tax Year 2024
Lot Size 0.830 Acres
Acres 0.83
Property Sub-Type Multiple Lots (Adjacent)
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
Interior
Fireplace No
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
Special Listing Condition See Remarks