Rare 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.
Active under contract
$2,850,000
405 Academy Dr, Austin, TX 78704
4beds
1,702sqft
Est.:
Single Family Residence
Built in 2007
0.68 Acres Lot
$-- Zestimate®
$1,675/sqft
$-- HOA
What's special
Sprawling lotCity view
- 74 days
- on Zillow |
- 73 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: April 07, 2025 at 08:50am
Listed by:
Monica Painter (512) 480-0848,
Moreland Properties (512) 480-0848
Source: Unlock MLS,MLS#: 1959602

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
- Main level bedrooms: 2
Primary bedroom
- Features: See Remarks
- Level: Main
Primary bathroom
- Features: See Remarks
- Level: Main
Kitchen
- Features: See Remarks
- Level: Second
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Cooktop, Dishwasher, Disposal, Dryer, Microwave, Oven, Refrigerator, Washer
Features
- Multiple Dining Areas, Multiple Living Areas, Open Floorplan, See Remarks
- Flooring: See Remarks
- Windows: See Remarks
Interior area
- Total interior livable area: 1,702 sqft
Property
Parking
- Parking features: Driveway
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: See Remarks
- Exterior features: Balcony, Uncovered Courtyard, Private Yard, See Remarks
- Has private pool: Yes
- Pool features: Above Ground
- Fencing: Back Yard
- Has view: Yes
- View description: City
- Waterfront features: None
Lot
- Size: 0.68 Acres
- Features: See Remarks
Details
- Additional structures: Shed(s), Storage
- Parcel number: 03000112030000
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Foundation: Slab
- Roof: Metal
Condition
- See Remarks
- New construction: No
- Year built: 2007
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: None
- Subdivision: Fairview Park
HOA
- Has HOA: No
Location
- Region: Austin
Financial & listing details
- Price per square foot: $1,675/sqft
- Tax assessed value: $2,025,778
- Annual tax amount: $40,147
- Date on market: 3/18/2025
- Listing terms: Cash,Conventional,FHA,VA Loan
- Electric utility on property: Yes
- Loading