Veldt Drive
Austin, TX 78725
0.35 acres | #4846992
Description
Invest in the future with this 1/3 acre corner lot, featuring a 300 SF tiny home and just minutes from Colorado River water access. Located in the up-and-coming Imperial Valley neighborhood, this property is surrounded by major development projects, making it a prime investment opportunity. The adjacent John Trevino Jr. Metropolitan Park at Morris Ranch is a 330-acre undeveloped parkland with exciting master plans including stages, food trucks, and space for small to medium concerts. Discover more about these plans here: https://austinparks.org/park/john-trevino-jr-metro-park/ On the opposite side, Bud Dryden Airport is poised for major attractions once completed, making this lot even more valuable due to its perfect position between the park and the airport for future concerts and events.The popular Sign Bar is minutes away, along with the massive $800M Walter E Long Metro project ( https://www.austintexas.gov/sites/default/files/files/Parks/Planning_and_Development/WaterELong/WEL%20Vision%20Plan%20Digital%20Final%20Draft%202020-08-11.pdf ) adding to the area’s growth potential. Currently, the property generates $1,800/month from leasing parking spaces to trailer owners and renting the tiny home. Situated in Austin’s ETJ, the lot has low restrictions, but buyers must build above the floodplain (around 2 ft above BFE base floodplain elevation)) and provide septic, water, and electricity. Buyer must verify all info and conduct their own due diligence. Don’t miss this affordable opportunity to buy before the word gets out and developments start breaking ground.
Property Details
- Lot DescriptionCorner Lot, Level
- ViewNeighborhood
Measurements
- Acres0.3539
Construction Details
- Property TypePurchase
Utilities / Energy Details
- Utility FeaturesElectricity Available, Water Available
Community and Neighborhood Details
- SubdivisionImperial Valley Sec 01 Amd
Location
- Elementary SchoolOak Meadows
- School DistrictManor ISD
- Middle SchoolDecker
- CountyTravis
- High SchoolManor
Financial Details
- Original List Price$119,000
- Taxes Annual$733
- Days on Market (Cumulative)70
Other
- MLS #4846992
Location
Legal
Based on information submitted to the MLS GRID as of 2024-09-30 18:23:21 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Based on information from the Austin Board of REALTORS®. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided "AS IS" and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
Last Updated: . Source: ACTRIS
Listing Courtesy
Listing Agent: Adri Overton (#634436), Phone: (512) 507-8869
Listing Office: eXp Realty, LLC (#702963)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
