$625,000

Property Overview

This 1507 1/2 Holly Street property in East Austin presents a rare development canvas on a 6,500-square-foot lot in one of the city's most culturally vibrant neighborhoods. The 1935 original residence spans 960 square feet, but the true appeal lies in the recent tree removal that has opened up substantial building potential. With rear alley access and protective pecan trees anchoring the center of the lot, this East Austin offering allows buyers to envision a complete renovation, second-story addition, or thoughtful redevelopment that could include a detached accessory dwelling unit.

Positioned near downtown with easy access to Lady Bird Lake by bike, Holly Street sits amid thriving restaurants, breweries, and galleries that define East Austin's creative renaissance. The property's location captures both the neighborhood's historic character and its ongoing transformation, making it attractive to those seeking either a personal project or an investment with genuine upside potential. At $651 per square foot, the pricing reflects the lot's development opportunity and the neighborhood's elevated desirability compared to the broader East Austin median.

Vox Real Estate Insight

Vox Residential recognizes that properties like this on Holly Street represent the final opportunities for substantial value creation in East Austin before infill development completes. The pecan trees and alley access create thoughtful design constraints that actually enhance long-term appeal for buyers seeking authentic neighborhood character alongside modern living solutions.

Agent Description

Tree removed for a larger building envelope! Build value at your own pace with this home situated near the heart of downtown and a bike ride away from Lady Bird Lake! The seller recently removed a large tree against the house, simplifying planning for a major renovation. The existing 960-square-foot residence offers flexibility for those considering a substantial remodel, second-story addition, or complete redevelopment. With rear alley access, a practical configuration may include a detached garage at the back of the lot with a small rental unit or guest quarters above, subject to applicable regulations. While the lot provides room for expansion, the design opportunity is shaped by two additional protected pecan trees located near the center of the property. These mature trees will likely remain a focal point of the property, creating a natural yard or outdoor living area beneath their canopy. Located in one of Austin’s most established and desirable neighborhoods, this property presents a rare opportunity to create a custom residence tailored to your vision and lifestyle. Zoned SB840 Multi-Family, Commercial, or Residential. 0.149 acre / 6,499 sqft per tax record approximately 44’ wide at front and 45’ at rear and 145’ deep. CS and SB 840 MF zoning are indicated by the Zonability report. Buyer to verify permitted uses.

Neighborhood: East Austin

This property is located in East Austin, Austin, TX. The area is known for Thriving Arts Scene, Top Restaurants & Breweries, Historic Homes, Modern New Construction, Cultural Diversity.

At $651/sqft, this listing is priced 28% above the East Austin median of $507/sqft.

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