$3,250,000

Property Overview

This Hatley Drive homesite in Zilker represents one of Austin's most compelling development opportunities, offering nearly two-thirds of an acre in one of the city's most prestigious neighborhoods. The existing split-level residence showcases mid-century bones with contemporary refinements, including an updated kitchen with granite and stainless steel, a vaulted great room anchored by a striking stone fireplace, and a geothermal HVAC system. However, the true appeal lies in the exceptional .635-acre lot positioned for future luxury development, with zoning that permits structures up to 35 feet tall, creating potential for both privacy and downtown views from an elevated position.

The lower level expands functionality with a secondary living area and kitchenette, while five generously proportioned bedrooms and 3.5 bathrooms serve the current home. Beyond the property itself, Hatley Drive's location offers unparalleled Austin living—steps from Zilker Park, Barton Springs Pool, and the Lady Bird Lake Hike & Bike Trail, with South Lamar's renowned dining and retail corridor nearby. For discerning buyers seeking either an exceptional primary residence or a strategic development site in one of Austin's most exclusive neighborhoods, this offering combines immediate livability with significant future potential.

Vox Real Estate Insight

At $894 per square foot, this property commands a 44% premium over the area median, reflecting both its trophy location in Zilker and the underlying land value for sophisticated redevelopment. The Vox Residential team recognizes that astute buyers view this not merely as a home but as a long-term asset in Austin's most desirable zip code.

Agent Description

Set in the heart of highly sought-after Rollingwood, this exceptional .635-acre property offers a rare opportunity just minutes from downtown Austin. The expansive lot provides an ideal setting for a future luxury build, with the potential to build up to 35 feet from the highest point, maximizing both privacy and downtown views. This homesite stands out as one of the area’s most compelling offerings. The existing split-level residence blends mid-century character with thoughtful modern updates. Inside, the home features 5 bedrooms and 3.5 bathrooms, with a vaulted, beamed great room anchored by a striking stone fireplace. The updated kitchen is equipped with granite countertops and stainless steel appliances, flowing into both a formal dining area and a cozy breakfast nook. Improvements, including updated flooring, lighting, paint, and a geothermal HVAC system, enhance the home’s overall appeal. The lower level adds versatility with a spacious secondary living area, kitchenette, and direct outdoor access, ideal for guests or multi-generational living. Outside, the property truly shines with abundant green space, a patio for entertaining, and ample room to expand or reimagine. Whether enjoyed as a charming mid-century retreat or re-envisioned into a custom estate that takes full advantage of its premier setting, this Rollingwood property presents a rare blend of location, scale, and future potential. Tax and assessed values are estimates for illustration purposes only. All figures should be independently verified.

Neighborhood: Zilker

This property is located in Zilker, Austin, TX. The area is known for Zilker Park, Barton Springs Pool, Lady Bird Lake, Hike & Bike Trail, South Lamar Dining.

At $894/sqft, this listing is priced 44% above the Zilker median of $620/sqft.

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