$695,000

Property Overview

This 1965 stone home on Garden Street commands attention with its commanding lot size—over 6,500 square feet of developable land in the heart of East Austin. The single-story, three-bedroom layout offers bright, naturally lit living spaces, while the true asset lies in the substantial backyard with alley access, presenting rare flexibility for expansion, an accessory dwelling unit, or entirely new construction. The location delivers urban convenience without compromise: Lady Bird Lake trails, downtown employment centers, and the restaurant and brewery scene along Rainey Street sit within walking distance, anchoring this property at the intersection of East Austin's thriving arts culture and explosive real estate evolution.

At $410 per square foot, this offering sits 19 percent below the neighborhood median, positioning shrewd investors and owner-occupants alike to capture value in a submarket experiencing rapid appreciation. The bones are solid; the potential is exponential. Whether the vision involves thoughtful renovation of the existing structure, dual-income property strategy through ADU development, or a complete ground-up reimagining, Garden Street provides the canvas and the location to execute on any Austin real estate thesis. East Austin's cultural diversity and walkable urban fabric continue attracting transplants and legacy residents seeking authentic neighborhood character alongside modern convenience.

Vox Real Estate Insight

Garden Street's oversized lot in East Austin is increasingly rare, and at this price point, represents genuine value capture before the neighborhood's trajectory fully prices in the surrounding Rainey Street and downtown proximity. The Vox Real Estate team sees this property as the type of foundational asset that builds generational wealth in Austin—whether through patient ownership appreciation or strategic development.

Agent Description

Dreaming of living in Austin? This charming 3-bedroom, 2-bathroom single-story stone home puts you right in the heartbeat of popular East Austin. Tucked away on a beautiful tree-lined street, this property perfectly blends urban convenience with neighborhood charm. Walk to Lady Bird Lake, downtown, and the vibrant Rainey Street nightlife—all while living in the literal shadows of the iconic Austin skyline. Inside, a cute and functional floor plan welcomes you with lots of windows that flood the space with natural light. The real showstopper is the oversized backyard. Complete with alley access, this massive lot offers enough space to build a second home or an income-producing ADU in the back. Whether you are a first-time homebuyer looking for a downtown oasis, an investor seeking a high-yield asset, or someone looking to design a custom new construction masterpiece, this rare gem delivers. No sign on the property. Opportunities like this in East Austin disappear fast—schedule your private tour today!

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 $410/sqft, this listing is priced 19% below the East Austin median of $507/sqft.

Property Details

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