Property Overview

This 1940 East Austin cottage on Santa Rita Street offers a thoughtfully designed two-bedroom, two-bath layout that appeals to a broad range of buyers. The home's well-proportioned bedrooms, each with private baths, create flexibility for modern living arrangements, whether that means accommodating roommates, hosting guests, or establishing a primary residence. Natural light floods the open living and dining areas, establishing an airy atmosphere that flows seamlessly into the kitchen—a configuration that maximizes the home's 882 square feet of living space and makes the property equally suited for owner-occupancy or rental investment.

Located in the heart of East Austin's revitalization, this residence sits steps from Lady Bird Lake and blocks away from the neighborhood's thriving restaurant and brewery scene. The East Austin community continues to evolve with a dynamic cultural landscape while maintaining its historic charm, evident in the mix of preserved vintage homes and modern new construction. The walkable, urban setting places downtown Austin and UT Campus within minutes, making it ideal for professionals and students alike.

Priced at $500,000, the home positions slightly above the area median at $567 per square foot, reflecting its prime East Austin location and the neighborhood's ongoing momentum. After 66 days on the market, this impeccably maintained property represents an opportunity to establish roots in one of Austin, TX's most sought-after emerging areas.

Agent Description

**OPEN HOUSE 3/24 12 PM-3 PM** Whether you’re an investor seeking a highly desirable Airbnb layout, a downtown professional drawn to a walkable, city-centric lifestyle, or a parent securing a well-located home near UT Austin for your student, this two-bedroom, two-bath residence in East Austin offers a rare blend of flexibility and appeal. Impeccably maintained and in excellent condition, the home is defined by a thoughtful, guest-friendly layout with well-proportioned bedrooms and private baths—an arrangement particularly well suited for short-term rental use, shared living, or effortless everyday life. Natural light fills the open living and dining areas, creating a calm, welcoming atmosphere with an easy flow into the kitchen. Set just moments from Lady Bird Lake, East Austin’s most celebrated dining and nightlife, and minutes from downtown, the location delivers a refined balance of energy and ease. Surrounded by striking new construction and ongoing redevelopment, the property stands as a compelling opportunity in one of Austin’s most coveted and consistently in-demand corridors—whether envisioned as a turnkey investment, an urban residence, or a strategic long-term hold.

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 $567/sqft, this listing is priced 9% above the East Austin median of $519/sqft.

Property Details

Listing data last updated: March 25, 2026

Frequently Asked Questions