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$89,500
Bed
Bath
SqFt
0.35 Acre Lot
15,415 Sqft Lot
Status Active
Property Type Other
Price Type
Year Built
Neighborhood Imperial Valley Sec 01 Amd
Days on Website 113

Property Map

$89,500 – Tbd Veldt Drive, Austin, TX 78725

Street View

Property listed by eXp Realty, LLC 888-519-7431 {attribution_contact}

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. Please note, the tiny home has no kitchen or bathroom, and is relying on a generator for power and a porta potty for restroom facilities. This lot is more about the land and its potential, with buyers responsible for installing water, electricity, and septic systems. 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 and Features

Building

  • HardiplankType

Community

  • AirportRunway
  • SeeRemarks

Listing

  • 30 days on market
  • Listed on 2024-08-03

Location

  • County: Travis
  • Subdivision: Imperial Valley Sec 01 Amd

Lot

  • 0.3539 acres
  • Area: 0.3539
  • CornerLot
  • Level

Parking

  • Open
  • Outside

Pool

  • Private pool

Possession

  • ClosingAndFunding
  • CloseOfEscrow

Property

  • Resale
  • Neighborhood

Schools

  • Elementary School: Oak Meadows
  • Elementary School District: Manor ISD
  • Middle School: Decker
  • Middle School District: Manor ISD
  • High School: Manor
  • High School District: Manor ISD

Sewer

  • SepticNeeded

Taxes

  • Annual Amount: $734
  • Year: 2024

Utilities

  • ElectricityAvailable
  • Propane
  • SewerNotAvailable
  • WaterAvailable

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