$799,000

Property Overview

This rare East Riverside gem sits on over half an acre—one of the largest residential lots in the 78741 zip code—offering the kind of space and privacy that seems impossible this close to Austin's urban core. The two-story layout maximizes livability with two bedrooms and a full bath on the main level, while an entire second floor is dedicated to the primary suite, creating a retreat-like sanctuary. Hardwood floors flow throughout the home, anchoring the spacious living room centered around a fireplace with expansive windows that frame the substantial backyard. The remodeled kitchen features wood cabinetry and granite countertops, connecting seamlessly to the rest of the home through a full-length foyer that creates natural traffic patterns.

Situated on Penick Drive—named after legendary golf instructor Harvey Penick of the historic Riverside Golf Course—this 1965 home captures both character and opportunity in a neighborhood undergoing rapid transformation. Lady Bird Lake access and ongoing transit improvements position East Riverside as Austin's emerging destination for urban living, where this property's substantial lot and three-bedroom layout offer genuine value amid significant neighborhood investment and new development.

Vox Residential Insight

At $352 per square foot, this listing sits 19% above the neighborhood median, a premium justified by the exceptional lot size and the home's main-level flexibility during East Riverside's evolution. The Vox Residential team sees strong potential here for buyers seeking authenticity and land in a neighborhood that's rapidly becoming one of Austin's most desirable addresses.

Agent Description

Introducing the Penick Urban Homestead, a rare opportunity to own a piece of Austin history—this 3-bedroom, 2-bath single-family home is set on one of the largest residential lots in the 78741 - over half an acre! While many homes are just an address, this street is named after the legendary Harvey Penick, known for his work at the Riverside Golf Course. The two-story layout includes 2 bedrooms on the main level and a dedicated primary suite occupying the entire second floor, providing a sense of scale and privacy that is nearly impossible to find this close to the city center. On the main floor, a spacious living room centers around the fireplace with large windows that frame the massive backyard like a living painting. Hardwood floors run throughout the home, leading into a remodeled kitchen finished with wood cabinetry and granite countertops. A full-length foyer creates a seamless flow from the front of the house to the back. This home has been rebuilt from the outside in with high-end updates throughout, including major systems, roof and windows. For those needing extra room, a door on the second floor opens to a large walk-in attic that offers massive storage or potential for future finished space. The fully fenced backyard contains over 20 fruit trees, including apple, pear, and peach varieties, alongside a 12 x 28-foot deck and a fire pit area with decomposed granite paths. The location is a major draw, placing you adjacent to the Riverside Golf Course, 2 miles from Downtown Austin and 15 minutes from the airport. Enjoy easy access Secret Beach at Roy G. Guerrero Park or hop on the MetroRapid 800 bus just a block away on Pleasant Valley Road. With the $4 billion River Park development nearby and the planned Grove Station on the Blue Line light rail coming soon, this Penick Place home connects you to the best of Austin’s future growth while remaining tucked away on a quiet, private street.

Neighborhood: East Riverside

This property is located in East Riverside, Austin, TX. The area is known for Rapid Transformation, Affordable Urban Living, Lady Bird Lake Access, New Development, Transit Improvements.

At $352/sqft, this listing is priced 24% above the East Riverside median of $283/sqft.

Property Details

Listing data last updated: July 16, 2026

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