$2,550,000

Property Overview

This 2016 modern residence at 701 Josephine Street in Zilker sits at the intersection of Austin's most desirable lifestyle and exceptional income potential. The five-bedroom, five-bath home spans 3,516 square feet on a generous 10,250-square-foot lot, offering a rare combination of primary residence flexibility and multi-unit revenue opportunity in one of Austin TX's most sought neighborhoods. The first-floor primary suite provides main-level living convenience, while three additional upstairs bedrooms each feature dedicated bathroom access, creating distinct spaces suited for guests, family, or professional work arrangements.

The thoughtfully designed interior showcases a second living area anchored by a built-in wet bar, opening onto an outdoor deck with sweeping downtown views that capture the best of Austin's skyline. One upstairs bedroom functions as a second primary suite with its own laundry hook-up, amplifying the property's flexibility for various household configurations. Beyond the main residence, a fully self-contained apartment rounds out the offering, presenting significant income-generating possibilities.

Location defines this property's appeal. Zilker Park, Barton Springs Pool, and the Hike & Bike Trail are steps away, while South Lamar's celebrated dining scene and Austin's vibrant event spaces remain immediately accessible. This address delivers the complete Zilker experience—walkable urban access merged with residential tranquility.

Vox Residential Insight

At $725 per square foot, this Zilker property commands a 20-percent premium over the neighborhood median, yet the dual-revenue structure and proximity to Barton Springs Pool justify the positioning. Vox Residential recognizes that 701 Josephine represents one of those rare Zilker opportunities that satisfies both the primary residence buyer seeking lifestyle and the investor seeking consistent rental returns.

Agent Description

Rarely does a property offer this much. Nestled in one of Austin’s most coveted neighborhoods, this stunning modern home delivers the ultimate 78704 lifestyle — walkable, flexible, and built for the way people actually live. Step outside and everything is there. Zilker Park, the Hike & Bike Trail, Eberly, Uchi, and Austin’s best events are all within easy reach. This is one of those addresses people wait years for. Inside, the main house is thoughtfully designed for comfort and versatility. The first-floor primary suite offers true main-level living, while three generously sized upstairs bedrooms — each with bathroom access — provide space for family, guests, or a work-from-home setup. A second living area with a built-in wet bar and an outdoor deck/balcony with sweeping downtown views. The largest upstairs bedroom is configured as a second primary suite, complete with a second laundry hook-up in the closet. The income potential here is exceptional. A fully self-contained apartment above the two-car garage — with its own bedroom, bathroom, full kitchen, living area, laundry, and private screened porch — opens the door to short-term rental income, a long-term tenant, or the perfect private retreat for family or a home office. The property has an established history of successful rentals for both the main house and the apartment. Smart, low-maintenance, and built to last. Solar panels on a metal roof keep energy bills low, while an inline natural gas generator ensures you’re never left in the dark. Out front and in the private fenced back yard, lush artificial turf stays pristine year-round — no irrigation headaches, no brown patches, just clean curb appeal in every season. 701 Josephine is more than a home — it’s a platform. Live in it fully, offset your mortgage with rental income, or do both. Opportunities like this in Zilker don’t come around often.

Neighborhood: Zilker

This property is located in Zilker, Austin, TX. The area is known for Zilker Park, Barton Springs Pool, Lady Bird Lake, Hike & Bike Trail, South Lamar Dining.

At $725/sqft, this listing is priced 21% above the Zilker median of $600/sqft.

Property Details

Listing data last updated: May 19, 2026

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