$489,000

Property Overview

This East Austin gem on Castro Street offers remarkable potential at a 40 percent discount to neighborhood pricing. The 1948 home sits on nearly six thousand square feet with an exceptional advantage—direct Boggy Creek frontage ensures permanent privacy with no rear neighbors. Five bedrooms and two bathrooms provide flexible living arrangements, whether for a growing family or an investor envisioning a multi-unit development on this prime Central East Austin parcel. The surrounding landscape has transformed dramatically, with new construction, modern duplexes, and condominiums reshaping the neighborhood's character while honoring its historic roots.

Castro Street's location delivers unmatched Austin lifestyle access. Zaragoza Park, Boggy Creek Greenbelt, and multiple recreation areas frame outdoor living, while the thriving dining and entertainment scene around Rainey Street puts acclaimed spots like Justine's, Lustre Pearl, and Flitch Coffee minutes away. This neighborhood pulses with cultural diversity and artistic energy, attracting young professionals and established residents alike. The combination of an expansive lot, Boggy Creek's natural buffer, and a rapidly developing East Austin corridor positions this property as both a personal retreat and a compelling investment opportunity in Austin, TX's most dynamic neighborhood.

Vox Residential Insight

We're watching East Austin closely, and properties with creek frontage and development-ready acreage like this are increasingly rare. At this price point relative to comps, the numbers make sense for either a patient owner-occupant or an investor ready to capitalize on the neighborhood's continued upward trajectory.

Agent Description

Perfect investment opportunity in Central East Austin—the most "Austin-vibe" place there is! Impressive .137 acres. Property backs up to Boggy Creek so it will never have neighbors directly behind it! The surrounding area is hot with opportunity being mostly surrounded with newly constructed homes, duplexes, and condominiums. Minutes from an array of outdoor leisure attractions including Zaragoza Park, Boggy Creek Greenbelt, Pan American Park, Metz Park and Pool, Rosewood Park, Walnut Creek, and of course Lady Bird Lake. Enjoy proximity to popular social hotspots such as Flitch Coffee, Cavalier Bar, Justine's, Juniper, Lustre Pearl, and the famous Rainey Street. Whether you're looking to build your dream city residence in the heart of Austin or you're an investor looking for an amazing opportunity to build a multi-family residence in a prime location— look no further!

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 $303/sqft, this listing is priced 40% below the East Austin median of $506/sqft.

Property Details

Listing data last updated: July 16, 2026

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