$1,550,000
For Sale

1402 Valleyridge Drive

Austin, TX 78704
0.83 acres | #4471568
Browse 16 photos
Type:Purchase
Structure:Land
Zone:Residential

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!

  • Property Details
      • Lot DescriptionLevel, Open Lot, Subdivided
      • Property SubtypeMultipleParcels
      • ViewNeighborhood
      • SubdivisionSouth Lamar
      • School DistrictAustin ISD
      • Original List Price$1,550,000
      • Property TypePurchase
      • Middle SchoolO Henry
      • MLS #4471568
      • Cost1550000
      • MLS #4471568
      • Elementary SchoolZilker
      • High SchoolAustin
      • CountyTravis
      • Taxes Annual$8,427
      • Acres0.83
      • Days on Market (Cumulative)2

Location

Legal

Based on information submitted to the MLS GRID as of 2025-02-19 21:50:56 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.


The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Based on information from the Austin Board of REALTORS®. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided "AS IS" and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

Last Updated: . Source: ACTRIS

Listing Courtesy
Listing Agent: Darsh Parikh (#734449), Phone: (512) 593-3138
Listing Office: Compass RE Texas, LLC (#700459)

Keisha BaileyReal Estate Group

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