$899,000

Property Overview

This half-acre sanctuary on Penick Drive represents a rare opportunity in East Riverside, Austin TX—a sprawling 2,270 square foot residence built in 1965 with one of the largest residential lots in the 78741 zip code. The two-story layout thoughtfully separates living spaces, with the primary suite commanding an entire second floor for unmatched privacy, while the main level hosts two additional bedrooms and a fireplace-anchored living room that opens to nearly 24,000 square feet of outdoor potential. Hardwood floors flow throughout, complementing remodeled finishes including a wood-cabinetry kitchen with granite countertops and a full-length foyer that creates elegant circulation from entry to backyard.

Named after legendary golf instructor Harvey Penick, this East Riverside location sits at the intersection of Austin's most dynamic urban transformation. The neighborhood continues its rapid evolution with new development and transit improvements drawing young professionals seeking affordable city living with direct Lady Bird Lake access. At $899,000, this property commands a premium to the neighborhood's median price per square foot, reflecting both its exceptional lot size and the significant upside as East Riverside establishes itself as Austin's emerging destination for modern living just minutes from downtown.

Vox Residential Insight

The Penick Drive location offers genuine scarcity in today's market—finding a half-acre lot with Lady Bird Lake proximity in an affordable urban neighborhood is increasingly rare in Austin. The Vox Residential team recognizes this as a developer's canvas or a multigenerational family retreat positioned perfectly for East Riverside's next wave of growth.

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 $396/sqft, this listing is priced 33% above the East Riverside median of $298/sqft.

Property Details

Listing data last updated: May 19, 2026

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