$550,000
3 bd · 1 ba · 960 sqft
1507 1/2 Holly St, Austin, TX 78702
1507 1/2 Holly St, Austin, TX 78702 is a 3-bedroom, 1-bathroom single family residence listed at $550,000 ($573/sqft). 960 sqft. Built in 1935. Located in East Austin, Austin TX. Priced 20% above the East Austin median of $478/sqft. MLS #3768528. Listed by Compass RE Texas, LLC.
Property Overview
Positioned just one mile east of Downtown Austin, 1507 1/2 Holly Street presents a rare redevelopment canvas on a generously sized 6,500-square-foot lot in the heart of East Austin's cultural renaissance. This is land with purpose: the lot's unique configuration offers both street frontage and rear-alley access, creating ideal conditions for A/B development, duplexes, or mixed-use residential projects under CS-MU-CO-NP zoning that allows up to 40 feet of height. Heritage trees frame the property while existing utility connections stand ready to support future vision.
The East Austin neighborhood thrives with a magnetic blend of historic charm and contemporary energy—top-tier restaurants, craft breweries, and a vibrant arts scene define the immediate surroundings. Lady Bird Lake's hike-and-bike trail sits merely 0.6 miles away, and proximity to Downtown, Rainey Street, and East Cesar Chavez delivers walkable urban lifestyle. Preliminary title work is complete with no easement encumbrances, and a seller-provided survey simplifies due diligence for serious developers ready to shape what comes next.
Vox Real Estate Insight
This East Austin opportunity commands a 19% premium over the area's median price per square foot, reflecting the land's strategic location and development potential rather than the existing structure. The Vox Real Estate team recognizes that savvy investors view properties like this through a redevelopment lens, where zoning flexibility and proximity to Austin's most dynamic neighborhoods create substantial value.
Agent Description
Rare East Austin redevelopment opportunity approximately one mile east of Downtown Austin and 0.6 mile from the Lady Bird Lake hike-and-bike trail. The approximately 6,500-square-foot lot offers both street frontage and rear-alley access—an especially attractive configuration for creating distinct entrances, parking and greater privacy between residences in a potential A/B-style development. CS-MU-CO-NP zoning supports a range of residential possibilities, including single-family, duplex/two-family, condominium and other residential configurations, with a maximum building height of 40 feet. Preliminary title work is complete, with no recorded easements specifically listed in the title commitment. Existing city utility connections and a remaining heritage tree positioned near the lot perimeter further enhance the site’s development potential. Minutes from Lady Bird Lake, Downtown, Rainey Street, East Cesar Chavez dining and Austin-Bergstrom International Airport.
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 $573/sqft, this listing is priced 20% above the East Austin median of $478/sqft.
Property Details
| Property Type | Single Family Residence |
| Year Built | 1935 |
| Bedrooms | 3 |
| Bathrooms | 1 |
| Living Area | 960 sqft |
| Lot Size | 6,499 sqft |
| Price / Sqft | $573 |
| Stories | One |
| Condition | Tear Down |
| Subdivision | Free & Williams |
| County | Travis |
| MLS Area | 5 |
| Listed | Oct 8, 2026 |
| MLS # | 3768528 |
| Listed By | Compass RE Texas, LLC |
| Contact | (512) 436-3030 |
Interior
| Windows | Vinyl Windows |
| Laundry | Outside |
| Main-Level Bedrooms | 3 |
| Living Areas | 1 |
| Dining Areas | 1 |
Systems & Utilities
| Cooling | Central Air |
| Heating | Central, Natural Gas |
| Utilities | Electricity Connected, High Speed Internet, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected |
| Water Source | Public |
| Sewer | Public Sewer |
Exterior & Lot
| Construction | Frame |
| Roof | Composition |
| Foundation | Pillar/Post/Pier |
| Patio & Porch | Covered, Front Porch |
| Fencing | Chain Link |
| Lot Features | Alley, City Lot, Level, Trees-Large (Over 40 Ft), Trees-Medium (20 Ft - 40 Ft) |
| View | City |
| Faces | North |
Parking
| Parking Spaces | 1 |
| Parking Features | Gravel |
Community & HOA
| HOA | No |
Assigned Schools
| Elementary | Sanchez |
| Middle | Kealing |
| High | Austin |
| District | Austin ISD |
Taxes & Legal
| Tax Year | 2026 |
| Annual Tax | $14,067 |
| Assessed Value | $645,468 |
| Parcel # | 02020509110000 |
| Legal Description | LOT 11 BLK B OLT 57 DIV O FREE & WILLIAMS SUBD |
| In ETJ | No |
| Disclosures | Exclusions, Seller Disclosure, Seller Provided Survey Available |
| Listing Conditions | Standard |
Listing data last updated:
Frequently Asked Questions
What is the listing price of 1507 1/2 Holly St, Austin, TX 78702?
This property is listed at $550,000, which is $573 per square foot. That is 20% above the East Austin area median of $478/sqft.
How many bedrooms and bathrooms does 1507 1/2 Holly St, Austin, TX 78702 have?
This home has 3 bedrooms and 1 bathroom, with 960 square feet of living space.
When was 1507 1/2 Holly St, Austin, TX 78702 built?
This property was built in 1935, making it 91 years old.
What neighborhood is 1507 1/2 Holly St, Austin, TX 78702 in?
This property is in East Austin, Austin, TX. The area is known for thriving arts scene, top restaurants & breweries, historic homes.
How long has 1507 1/2 Holly St, Austin, TX 78702 been on the market?
This listing has been on the market for 5 days. This is a recent listing.
What type of property is 1507 1/2 Holly St, Austin, TX 78702?
This is a Single Family Residence on a 6,499.15 sqft lot.