Homes for sale - 1402 Valleyridge DR #22A, Austin, TX 78704

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Cindy Boutwell

cindy@theboutwellteam.com +1(281) 797-3590

$ 518,000

Est. payment | -/mo

0.32 Acres Lot

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$ 518,000

Est. payment | -/mo

Save

0.32 Acres Lot

Key Details

Property Type Vacant Land

Sub Type Lot

Listing Status Active

Purchase Type For Sale

Subdivision South Lamar

MLS Listing ID 9518012

Originating Board actris

Annual Tax Amount $8,828

Tax Year 2024

Lot Size 0.320 Acres

Property Sub-Type Lot

Property Description

A GOLDEN opportunity for investors and developers to secure a prime lot in the highly sought-after 78704 zip code, with the ability to build 3 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, this lot can accommodate three units, with a total Floor Area Ratio (FAR) of 7,107 SQFT, maximizing development potential. Whether you choose to build and sell three 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 N

Exterior

Community Features See Remarks

Utilities Available See Remarks

Waterfront Description See Remarks

View Neighborhood

Building

Lot Description Level

Sewer Public Sewer

Water Public

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, See Remarks

Tax Rate 1.61

Listing Terms Cash, Conventional, See Remarks

Special Listing Condition See Remarks

Listed by Compass RE Texas, LLC • Darsh Parikh

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(281) 797-3590

cindy@theboutwellteam.com

17506 Bobcat Trl, Cypress , Texas, 77429, USA

1402 Valleyridge DR #22A Austin, TX 78704