1402 Valley ridge DR

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$518,000

1402 Valley ridge DR

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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!

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Location

1402 Valleyridge DR # 22A, Austin, TX 78704

Status

For Sale

Darsh Parikh

TITLE

Principal

PHONE

(512) 593-3138

[email protected]

CONTACT AGENT

Property Amenities

Area & Lot

Lot Area 0.32 Acres

MLS® ID 9518012

School District Austin ISD

High School Austin

Middle School O Henry

Elementary School Zilker

Water Frontage See Remarks

View Description Neighborhood

Type Land

Status For Sale

Exterior

Water Source Public

Sewer Public Sewer

Lot Features Level

Utilities See Remarks

Finance

Sales Price $518,000

Real Estate Tax $8,829 yearly

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Thank you for your interest in 1402 Valleyridge DR # 22A, Austin, TX 78704. We are reviewing your request and will be in touch shortly!

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