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.
Features of 405 Academy Dr
MLS® #
1959602
Price
$2,850,000
Bedrooms
4
Bathrooms
2.00
Full Baths
2
Square Footage
1,702
Acres
0.68
Year Built
2007
Type
Residential
Sub-Type
Single Family Residence
Status
Active Under Contract
Has Pool
Yes
Water Feature/View
View
City
Is Waterfront
No
Community Information: Austin
Address
405 Academy Dr
Area
6
Subdivision
Fairview Park
City
Austin
County
Travis
State
TX
Zip Code
78704
Amenities of 405 Academy Dr
Utilities
Electricity Connected, Sewer Connected, Water Connected
Private Yard, Balcony, See Remarks, Uncovered Courtyard
Lot Description
See Remarks
Roof
Metal
Construction
HardiPlank Type
Foundation
Slab
School Information
District
Austin ISD
Elementary
Travis Hts
Middle
Lively
High
Travis
Additional Information On 405 Academy Dr
Days on Market
56
Foreclosure
No
Short Sale
No
RE / Bank Owned
No
Gated Community
No
Property History
Status Changed from Active to Active Under Contract
Status Changed from Active Under Contract to Active
Status Changed from Active to Active Under Contract
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. Listing Data Provided By: Moreland Properties(512) 480-0848. Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from October 16th, 2025 at 1:04pm CDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. All information provided is deemed reliable but is not guaranteed and should be independently verified.
