$699,000

Property Overview

This corner lot on East Side Drive in Sherwood Oaks presents a rare opportunity in Austin's 78704 zip code: a spacious 8,363-square-foot property positioned directly across from St. Edward's University with genuine flexibility. The existing 1961-built home contains four bedrooms and two baths spread across 1,577 square feet, configured with two separate living areas ideal for roommates, multi-generational arrangements, or rental income potential. Recent updates and a clean interior make it immediately livable while the detached office structure adds versatile space for work or guest accommodation.

The lot itself is the defining asset. Mature oak trees provide natural shade and privacy despite the property's prominent central location, while the side-entry gated parking off Little John Ln preserves the home's street presence. A covered carport with storage and xeriscaped landscaping complete the functional design. The property's value extends beyond its current structure: previous demolition and build permits have expired but can be resubmitted, allowing buyers to pursue renovation, development, or maintain the status quo without pressure.

Vox Residential Insight

The Vox Residential team sees this East Side Drive property as a strategic play for investors and owner-occupants alike—the lot size and location near St. Edward's University make this particularly attractive for either rental conversion or future redevelopment in an increasingly constrained neighborhood. At $443 per square foot, the pricing reflects the land value and flexibility potential rather than the existing structure alone.

Agent Description

Set on a prominent corner lot in Sherwood Oaks, just across from St. Edward’s University, this property offers flexibility that’s getting harder to find in 78704. Keep it as-is, update over time, lease it out, or start fresh with a permitted new build. The previous demo and build permits have expired but easy resubmission. Call agent with questions. The existing home is a 4-bedroom, 2-bath with two living areas and a layout that lends itself well to roommates, multi-generational living, or steady rental income. Vintage baths, clean interiors, and recent refreshes make it immediately livable, while still leaving room to add value. A detached office/study creates separation that’s useful for work or guests, and the side-entry gated parking off Little John Ln keeps things functional without taking over the front of the home. The lot is the real asset—large, shaded by mature oaks, and positioned for privacy despite its central location. Covered carport with storage, xeriscaped yard, and walkable access to nearby parks, dining, and everyday spots make it easy to rent or enjoy now. For those looking at long-term upside, the property also comes with a previously fully permitted, design-forward plan by CoXist Studio—known for clean, modern architecture that prioritizes light, volume, and connection to outdoor space. No guesswork, no delays—plans are in place and ready to move forward: TO BE BUILT. Price is for lot and plans designed by CoXist. Plans and demolition permit have been previously approved by the City of Austin. RARE OPPORTUNITY! See other listing at MLS# 6138704

Property Details

Listing data last updated: May 19, 2026

Frequently Asked Questions