#1 Austin Board of Realtors Team 2024#1 Austin Board of Realtors Team 2024
Located in one of the fastest-growing areas of Central Texas, this vacant commercial lot offers outstanding development potential. Situated along the highly trafficked W New Hope Drive, this property enjoys excellent visibility, accessibility, and proximity to major thoroughfares including Hwy 183 and 1431. The surrounding area is booming with new construction—ranging from retail and medical offices to high-end residential developments—making this site ideal for investors or developers looking to capitalize on Cedar Park’s continued expansion. Zoned for commercial use and surrounded by rooftops and retail, this is your chance to secure a spot in one of the most sought-after suburbs just minutes from Austin.
Property Type
Commercial Sale
Lot Size
5.22 acres
Listed by eXp Realty, LLC
Verified property facts
1407 New Hope DR is listed at $2,999,950 with 0 bedrooms, 5.22-acre lot. This places it above the 78613 median of $655,000.
1407 New Hope DR is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
With 20% down ($599,990) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 1407 New Hope DR is around $21,066 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $2,999,950, 1407 New Hope DR is in the L50 - LEANDER/CEDAR PARK VACANT market where there are currently 215 active listings in 78613. The Keenan Group has completed 21 transactions in 78613 as part of 1,000+ career sales totaling $1B+ across Austin.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Property Details
Construction
Parking
Listing timeline with current price, original ask, and market time.
District context schools are shown because address-level assigned school fields are not available for this property. Contact the school district directly to verify current boundaries and enrollment eligibility.
20% ($600K)
$2,999,950
Luxury property intelligence
A sourced read on L50 - LEANDER/CEDAR PARK VACANT pricing, timing, and property scale. No automated valuation claim.
List price
$2,999,950
Price per sqft
Not available
Vs. L50 - LEANDER/CEDAR PARK VACANT median
Not available
Days on market
157 days
Original to current
$171.2K reduction
$3.2M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 14, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
1407 New Hope DR sits on a 5.22-acre lot, providing substantial outdoor living space. Properties of this scale in Austin's luxury market typically feature pool areas, outdoor kitchens, and mature landscaping. Confirm specific amenities with the listing agent.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Best Match
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