Property Overview

This 2900 Castro Street property in East Austin presents a compelling investment opportunity in one of the city's most dynamic neighborhoods. Built in 1948, the 5-bedroom, 2-bath home sits on nearly 0.14 acres with a significant advantage: it backs directly to Boggy Creek Greenbelt, ensuring permanent open space and no rear neighbors. At $309 per square foot—42% below the East Austin median—this represents notable value in an area experiencing rapid transformation with new construction, duplexes, and mixed-use developments reshaping the landscape.

East Austin's cultural renaissance makes this Castro Street location particularly attractive. The neighborhood thrives with acclaimed restaurants, craft breweries, and the legendary Rainey Street entertainment district within minutes. Residents enjoy immediate access to Boggy Creek Greenbelt, Zaragoza Park, Pan American Park, and multiple green spaces connecting to Lady Bird Lake. The surrounding blocks showcase both historic homes and modern infill projects, reflecting the area's evolution as Austin's creative and culinary heart.

Developers and owner-occupants alike should recognize the strategic positioning of this 1,616-square-foot residence on a generous lot in a neighborhood where new mixed-use projects command premium prices. The proximity to East Austin's booming restaurant scene, arts venues, and outdoor recreation, combined with the creek-backed lot and below-market entry price, creates an opportunity in a neighborhood that continues to define Austin's authentic character.

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 $309/sqft, this listing is priced 40% below the East Austin median of $519/sqft.

Property Details

Listing data last updated: March 25, 2026

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