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1402 Valleyridge DR
1402 Valleyridge DR
1402 Valleyridge DR
1402 Valleyridge DR
1402 Valleyridge DR
1402 Valleyridge DR
1402 Valleyridge DR
1402 Valleyridge DR
1402 Valleyridge DR
1402 Valleyridge DR
1402 Valleyridge DR
1402 Valleyridge DR
1402 Valleyridge DR
1402 Valleyridge DR
1402 Valleyridge DR
1402 Valleyridge DR
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$1,550,000

1402 Valleyridge DR

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!

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Location

1402 Valleyridge DR, Austin, TX 78704

Status

For Sale
Darsh Parikh

Darsh Parikh

TITLE

Principal

Property Amenities

Area & Lot
Lot Area 0.83 Acres
MLS® ID 4471568
School District Austin ISD
High School Austin
Middle School O Henry
Elementary School Zilker
Water Frontage None
View Description Neighborhood
Type Land
Status For Sale
Exterior
Water Source See Remarks
Sewer See Remarks
Lot Features Level, Open Lot, Subdivided
Utilities See Remarks
Finance
Sales Price $1,550,000
Real Estate Tax $8,428 yearly
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Thank you for your interest in 1402 Valleyridge DR, Austin, TX 78704. We are reviewing your request and will be in touch shortly!

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