$390,000

Property Overview

This Georgian Acres gem on Neans Drive presents a rare opportunity for visionary developers and investor-minded buyers in Austin, TX. Sitting on nearly half an acre of developable land—an increasingly scarce commodity near The Domain—this 1961 mid-century modern home showcases authentic architectural character rooted in award-winning design principles. The original single-owner residence, built from a celebrated Better Homes & Gardens floor plan, retains period details that reflect its thoughtful construction, though the property requires significant renovation to restore its potential. With minimal tree restrictions and recently completed infrastructure improvements including new curbs and sidewalks, the lot's true value lies in its substantial size and strategic location.

For builders and forward-thinking investors, this North Austin property aligns perfectly with Austin's HOME 1 and HOME 2 initiatives, which facilitate multi-unit development and unlock considerable value through thoughtful redevelopment. The proximity to Q2 Stadium, easy Highway 35 access, and the growth trajectory of this accessible neighborhood create compelling fundamentals for residential expansion. At $390,000, the price reflects the development potential rather than the existing structure. This is a blank canvas for those prepared to reimagine what this substantial Neans Drive lot can become in one of Austin's most conveniently positioned and affordable neighborhoods.

Agent Description

Please see showing instructions: 24-HOUR NOTICE IS REQUIRED. A very rare, near ½ acre, lot with a mid-century modern gem of a home that needs a lot of TLC. This home was built in 1960 and has had only 1 owner who passed away in 2017. The floor plan and design of the home was based on an award winning plan from the December 1959 issue of Better Homes & Gardens! The value is now mainly in the gigantic lot. With the new HOME 1 and 2 initiatives in Austin, building more than one unit is even easier and can add a lot of after renovation value. There are few if any protected trees (this needs to be confirmed with the Development Services Department). Curbs and sidewalks recently installed!

Neighborhood: Georgian Acres

This property is located in Georgian Acres, Austin, TX. The area is known for Affordable Living, Near The Domain, Q2 Stadium Access, Highway Convenience, Growing Area.

At $395/sqft, this listing is priced 49% above the Georgian Acres median of $265/sqft.

Property Details

Listing data last updated: May 19, 2026

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