$450,000 65 days on market

Well maintained home -1166 Ridgeway Drive – 3 BR, 2 Bath with office and large fenced yard on hilltop backing to greenbelt. Primary home, rental, or redevelopment opportunity in East Austin, TX 78702
Rare opportunity to own an elevated homesite in one of East Austin’s most sought-after and rapidly transforming neighborhoods. This hilltop lot backs directly to a City of Austin greenbelt, offering privacy, a mature oak tree canopy, and the potential for downtown skyline views from a future second-story build.
The existing home is a well-maintained 1950s bungalow of approximately 1,250 square feet. Recent updates include a new roof, updated HVAC system, and plumbing main line, making the property fully livable as a primary residence or rental.
The elevated homesite is the true highlight. Positioned above surrounding properties, the lot may offer second-story views toward downtown, East Austin’s urban landscape, and distant airport vistas, while the elevation captures prevailing breezes, a setting that’s increasingly rare within Austin’s urban core. Large oaks on back property line.
Zoned as SF-3-NP, with a lot size of approximately 7,448.76 sq ft per survey/TCAD, larger than the area average, the property offers real flexibility for expansion or new construction. Under the City of Austin’s HOME Initiative, qualifying single-family lots in this zoning category can support up to three residential units by right, opening the door for subdivision or a condominium-regime build-out (subject to buyer verification of current zoning and City of Austin approval).
Ideally located minutes from downtown Austin, The University of Texas, Mueller, major employers, restaurants, coffee shops, parks, and cultural attractions.
Whether you’re seeking a future homesite, an income-producing rental, or a ground-up redevelopment, 1166 Ridgeway offers a rare combination of elevation, lot size, HOME-eligible density potential, and East Austin location.