Courtesy of:
Compass RE Texas, LLC, 512-593-3138, Darshil Parikh
Local Realty Services Provided By:
Keller Williams Realty
Overview
What It'll Cost
Neighborhood
Similar Homes
$518,000
1402 Valleyridge Drive #22A, Austin, TX 78704
.32
ac
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$518,000
1402 Valleyridge Drive #22A, Austin, TX 78704
Estimation provided by Keller Williams Realty Inc.
.32
ac
Active
For Sale
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!
Assessed Value is a combination of the land and additions.
2022
$16,516
(+180.09%)
$934,724
Land 607,500 +
Additions 327,224
2021
$5,897
(-0.63%)
$630,623
Land 405,000 +
Additions 237,727
2020
$5,934
(-49.9%)
$630,623
Land 405,000 +
Additions 237,727
2019
$11,844
(+19.18%)
$539,197
No Breakdown Available
2017
$9,938
$445,617
No Breakdown Available
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.
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