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#6372514, Dru Brown, Listing Office: Moreland Properties
$2,850,000 List price
405 Academy Dr Austin, TX 78704
4 beds
2 full
1,702 sqft
0.7 acres
$1,675 / sqft
House
Property details
About 405 Academy Dr
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.
Highlights
Home typeSingle Family Residence
HeatingCentral
StatusAccepting Backup Offers
(Active Under Contract)
(Active Under Contract)
CoolingCentral Air
Size1,702 sqft
Lot size0.6787 Acres
Year built2007
ParkingDriveway
MLS #1959602
ViewCity
Private poolYes
Summary
- Full Bathrooms: 2
- Appliances: Cooktop, Dryer, Dishwasher, Disposal, Microwave, Oven, Refrigerator, Washer
- Flooring Type: See Remarks
- Interior: Separate/Formal Dining Room, Multiple Living Areas, Multiple Dining Areas, Open Floorplan, See Remarks
- Total Bedroom Count: 4
- Private Pool: Yes
- Parking: Driveway
- Waterfront: None
- View: City
- Exterior: Balcony, Private Yard, See Remarks, Uncovered Courtyard
- Heating: Central
- Cooling: Central Air
- List Price: $2,850,000
- Price/SqFt: $1,674
- Annual Tax Amount: $21,923
- Tax Year: 2024
- Lot: See Remarks
- Directions: Go east on Academy from Congress to corner of Academy and Newning
- Year Built: 2007
- Stories: 2
- Living Area: 1,702 SqFt
- Lot Size: 0.6787 Acres
- MLS Number: 1959602
- MLS Name: ACTRIS
- Office Name: Moreland Properties
- Office Phone: (512) 480-0848
- Listing Agent: Monica Painter
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively 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. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price.
Copyright 2025 Unlock MLS and Austin Central Texas Realty Information Services, Inc.
Listings courtesy of Unlock MLS as distributed by MLS GRID.
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. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
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Last updated on: 4/29/2025, 11:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,850,000
405 Academy Dr
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $2,025,778 | $21,923 |
| 2023 | $1,900,021 | $21,923 |
| 2022 | $1,952,234 | $21,923 |
| 2021 | $1,128,643 | $21,155 |
| 2019 | $932,763 | $22,007 |
| 2018 | $847,966 | $17,067 |
| 2017 | $770,878 | $15,628 |
History based on county public records data.
Nearby schools
7
Travis Heights Elementary School
Public Charter EE-5
0.7 mi
•2010 Alameda Dr
2
Sanchez Elementary School
Public District PK-5
0.7 mi
•73 San Marcos St
8
Becker Elementary School
Public District PK-5
0.9 mi
•906 W Milton St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $58,670. The majority of Austin, TX residents have income between $35k-100k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
28%
<35k
54%
35k-100k
17%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
86%
Single, No Kids
1%
Single, with Kids
9%
Married, No Kids
4%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
4%
<11 yrs old
1%
12-17 yrs old
62%
18-34 yrs old
30%
35-64 yrs old
3%
65+ yrs old
What do the neighbors do for fun?
Music Concerts
Art Museums
Tennis
Where do the neighbors shop?
H&M
Bloomingdales
Crate & Barrel
Where do the neighbors go to eat?
Chipotle
Starbucks
Jack In The Box
What do the neighbors drive?
Volkswagen
Audi
BMW
What do the neighbors listen to?
Rhythmic Contemporary Hits
News- Alternative
All data provided by Home Junction and Claritas
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Frequently asked questions
About 405 Academy Dr
The listing price of 405 Academy Dr property is $2,850,000.
The property 405 Academy Dr is a house located in Austin, Texas, 78704.
Accepting Backup Offers: 405 Academy Dr is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
The nearby schools for 405 Academy Dr are: Travis Heights Elementary School (GreatSchools Rating 7/10), Sanchez Elementary School (GreatSchools Rating 2/10), Becker Elementary School (GreatSchools Rating 8/10), Lively Middle School (GreatSchools Rating 3/10), Martin Middle School (GreatSchools Rating 2/10), Kealing Middle School (GreatSchools Rating 6/10), Phoenix Academy (GreatSchools Rating 1/10), Leadership Academy (GreatSchools Rating 1/10), Graduation Preparatory Academy (GreatSchools Rating 1/10).
According to the records, the last property tax for 2024 is $21,923 (source: MLS/based on county public records data).
The property at 405 Academy Dr has 4 bedrooms and 2 bathrooms.
The property 405 Academy Dr is 1,702 SqFt (source: MLS/tax record).
The year of construction for 405 Academy Dr is 2007.
This home is located at 405 Academy Dr in Austin, TX and zip code 78704 in the Travis Heights / South River City neighborhood. This 1,702 square foot home, which was built in 2007, sits on a 0.68 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 18, 2025 and is currently priced at $2,850,000.
While more than 115 listings in Austin, TX in March 2025 were sold above asking price, there were more than 139 listings sold at asking price, and more than 529 were sold below. The inventory of homes for sale in Austin, TX between February and March 2025 increased by 28.6%. In March 2025, listings were on the market for 67 days. During the same period, the median list price in this real estate market was $577,151.
From Rocket Homes Real Estate and based on county public records data.