Status: Active
405 Academy Dr
Austin, TX 78704
$2,850,000
------/mo*
CalculateRare opportunity to own almost 3/4 of an Acre steps from Downtown Austin with a city view!
Opportunities like this don’t come around often! This sprawling lot covering almost 3/4 of an acre is a rare find in Austin—especially this close to the heart of downtown. Whether you're looking for an investment, a development opportunity, or the perfect spot to build your dream home, this property has it all.
Currently, the property features a charming 4-bedroom, 2-bathroom home with a cowboy pool and hot tub that is operating as a thriving short-term rental, generating steady income. But the possibilities don’t stop there! You could:
- Build your dream home with ample space for privacy and outdoor living.
- Subdivide into two lots and develop up to four income-producing homes.
- Expand your investment portfolio with endless rental potential in a prime location.
With its unbeatable location just minutes from Austin’s best restaurants, entertainment, and cultural hotspots, this is an opportunity you don’t want to miss!
- Location: Steps from Downtown Austin
- Lot Size: Just shy of 3/4 acre
- Home: 4 Bedrooms | 2 Bathrooms
- Potential: Income property, new construction, or development
Don’t let this rare gem slip away! Contact us today for more details.
Read more
- Bedrooms
- 4
- Baths
- 2
- House Size
- 1,702 sqft
- Year Built
- 2007
- Lot Size
- 0.68 ac
- School District
- Austin ISD
Location
Market Insights
In the last 30 days, homes for sale in Travis Heights / South River City, Austin, TX were on the market for a median of 10.5 days and 50% of homes sold above list price.
Buy a new home knowing you’ll sell your current one. Orchard guarantees your home will sell, so you can buy your next one worry-free.
Get StartedInterior Information
- appliances
- Cooktop
- Dishwasher
- Disposal
- Dryer
- Microwave
- Oven
- Refrigerator
- Washer
- cooling
- Central Air
- features
- Open Floorplan
- See Remarks
- flooring
- See Remarks
- heating
- Central
- laundry features
- Inside
- view
- City
Exterior Information
- features
- Balcony
- Uncovered Courtyard
- Private Yard
- fence
- Back Yard
- patio and porch
- See Remarks
- pool
- Above Ground
- Private
- roof
- Metal
Property Information
- community
- None
- construction
- Hardiplank Type
- foundation
- Slab
- lot
- See Remarks
- other structures
- Shed(s)
- Storage
- parking
- Driveway
- sewer
- Public Sewer
- subdivision name
- Fairview Park
- utilities
- Electricity Connected
- Sewer Connected
- Water Connected
- water source
- Public
- Listed By Monica Painter
- (512) 480-0848
- Moreland Properties
- (512) 480-0848
- MLS 1959602
Tax History
Date | Property Tax | Land | Additions | Tax Assessment |
|---|---|---|---|---|
| 2024 | $21,510 (-1.9%) | $1,400,000 | $625,778 | $2,025,778 (+6.6%) |
| 2023 | $21,924 (0%) | $1,400,000 | $500,021 | $1,900,021 (-2.7%) |
| 2022 | $21,924 (-1%) | $1,400,000 | $552,234 | $1,952,234 (+38.5%) |
| 2021 | $22,142 | $787,500 | $621,600 | $1,409,100 |
Tax data provied by Attom
Monthly Payments Calculator
Estimated Monthly Cost
$17,109
30 year fixed·6.9% interest rate
- Principal & Interest
- $15,016
- Property Taxes
- $1,793
- Home Insurance
- $300
- HOA Fees
- $0
*All calculations are estimates and provided for informational purposes only. Actual amounts may vary.
