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$2,850,000

Beds
4
Baths
2.0
sq ft
1,702

405 Academy Dr, Austin, TX 78704

405 Academy Dr

Austin, TX 78704

  • 16 days on market
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.

Details

Property type

Single Family Residence

Est. home value

$2,184,900

Lot size

0.6787 acres

Price per sq ft

$1,675

Year built

2007

Annual property taxes

$40,147.15

HOA

No

Price History

03/18/2025
Austin

Austin #1959602

Listed
$2,850,000

Schools & Community

Neighborhood: 

South River City

Elementary school: 

Travis Hts

Middle school: 

Lively

High school: 

Travis

Community features: 

None

High school district: 

Austin ISD

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Countrywide Home Loans Inc

Loan start date

September 2003

Original loan amount

$110,975

Est. remaining balance

$51,865

Interest rate

5.67%

Loan type

Not Provided, 30 year

Seller

Mary Needham and Karin Ascot

Lender

Countrywide Home Loans Inc

Loan start date

March 1999

Original loan amount

$123,000

Est. remaining balance

$0

Interest rate

6.77%

Loan type

Not Provided, 20 year

Seller

Mary Needham and Karin Ascot

Lender

Summit Mtg Corp

Loan start date

July 1996

Original loan amount

$132,900

Est. remaining balance

$13,974

Interest rate

8.08%

Loan type

Not Provided, 30 year

Seller

Mary Needham and Karin Ascot

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 04/03/2025 at 6:40 PM

Listing updated: 03/19/2025 at 10:20 AM

Listed by: Monica Painter, Moreland Properties Phone #: (512) 480-0848

MLS: Austin #1959602

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