$649,000

Property Overview

This 1953 corner-lot bungalow on 50th Street commands an enviable position at the intersection of two of Austin TX's most coveted neighborhoods: Allendale and Highland Park. Sitting on over a quarter-acre near Bull Creek Road, the home benefits from mature trees, quieter tree-lined streets, and the walkable community character that defines this corner of central Austin. At $649,000, the price positions well below comparable area land values, reflecting the property's development potential.

The 2021 renovation brought substantial improvements throughout: new electrical wiring, hardwood flooring, updated windows, recessed lighting, and a reimagined primary suite with custom vanity. The guest bath received thoughtful updates, and fresh drywall and insulation enhance livability. A new fence and sliding glass door in the dining area modernize the living experience. The 1,615 square feet of renovated space provides solid bones for the next owner, though foundation repair represents the primary consideration requiring professional assessment and planning.

This corner lot offers flexibility for investors seeking rental income from a freshly updated home in a Prime Austin neighborhood, or for owner-occupants willing to address foundation work. The combination of recent improvements, neighborhood prestige, and development potential creates an uncommon opportunity in Allendale-Highland Park.

Vox Residential Insight

The Vox Residential team recognizes this property's true appeal lies in its Allendale-Highland Park location and post-2021 renovation package, which significantly outweigh the foundation disclosure for disciplined investors. The corner lot's size and quiet proximity to Bull Creek make it a legitimate play in one of Austin's most stable, established neighborhoods where values remain resilient.

Agent Description

This charming bungalow, situated on a desirable corner lot in a cross section of Allendale and Highland Park, is ready for its next chapter. Tucked into the quieter section near Bull Creek Road, the surrounding streets create the perfect backdrop for neighborhood strolls in one of Austin’s most beloved communities. The current owners completed an extensive renovation in 2021, including new electrical wiring, fresh drywall and insulation (excluding the kitchen), hardwood flooring throughout, updated windows, a new sliding glass door in the dining area, cordless window treatments, a new fence, recessed lighting, and updated ceiling fans throughout. The guest bath was thoughtfully refreshed (excluding the tub), and the primary suite was fully reimagined with a custom vanity and new plumbing. While the home does require substantial foundation repair, the opportunity here is undeniable. Whether you are an investor seeking immediate rental income, a buyer planning a future project, or a builder looking for your next site, this property offers multiple paths forward. The lot features a practical footprint with minimal tree impact, making it especially attractive for a future renovation or new construction. Seller’s disclosure and a brand-new survey are available upon request. *Floor plan is not exact*

Property Details

Listing data last updated: May 19, 2026

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