$650,000

Property Overview

This 1935 East Austin home sits on a generous 6,499-square-foot lot with significant development potential in one of the city's most culturally dynamic neighborhoods. The existing 960-square-foot residence provides a canvas for renovation, expansion, or complete reimagining, with a recent tree removal opening up the building envelope and simplifying future planning. Rear alley access creates practical opportunities for detached structures, whether a garage, guest quarters, or rental unit, subject to local regulations. Two protected pecan trees anchor the center of the property, offering mature shade and character for outdoor living.

Located near downtown Austin and a short bike ride from Lady Bird Lake, 1507 1/2 Holly Street positions owners in the heart of East Austin's thriving arts scene, acclaimed restaurants, and breweries. The neighborhood blends historic charm with modern new construction, reflecting the cultural diversity and energy that define this established Austin community. This property appeals to developers, investors, and homeowners seeking flexibility and creative potential in one of Austin's most sought-after areas.

Vox Residential Insight

The Vox Residential team recognizes this as a rare development opportunity in East Austin where lot size and alley access create multiple build scenarios at a price point reflecting the neighborhood's ongoing transformation. With protected trees preserved and the building envelope clarified, this property attracts both owner-occupants and investors looking to capitalize on East Austin's continued appreciation and cultural momentum.

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 $677/sqft, this listing is priced 34% above the East Austin median of $506/sqft.

Property Details

Listing data last updated: July 16, 2026

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