$459,000

Property Overview

This 1955-built home on Allred Drive in Shady Hollow presents a rare opportunity: nearly 0.7 acres of heavily wooded South Austin land with both a four-bedroom main residence and a separate two-bedroom, two-bath accessory dwelling unit. The main home offers 1,822 square feet of solid construction and generous living spaces, while the established ADU provides immediate income potential, multi-generational flexibility, or guest quarters as you thoughtfully update the property over time. The expansive lot itself stands as the true asset here, offering significant room to expand, add structures, or reimagine the entire layout to suit your vision.

Positioned in the well-maintained Shady Hollow community near Manchaca and Slaughter Lane, this property delivers Hill Country character with convenient access to quality schools, golf courses, pools, and tennis facilities. The $5,000 seller concession adds practical value, allowing buyers to direct funds toward repairs, down payment assistance, or interest rate buydown. At $252 per square foot and priced near area median, this represents solid positioning for a property with ADU income potential and development possibilities that many comparable parcels simply cannot match.

Vox Residential Insight

The Vox Residential team recognizes this property's strength lies in its land value and dual-dwelling structure rather than cosmetic updates—ideal for investors seeking immediate ADU income or families planning long-term renovations without time pressure. The seller's concession and extended market time create genuine negotiating leverage for strategic buyers who understand Shady Hollow's fundamentals.

Agent Description

**SELLER IS OFFEREING $5,000 IN CONCESSIONS!** Buyers can use concessions towards down payment, buy down interest rate or use it towards repairs! Hill Country feel meets city convenience on this rare .69-acre wooded lot in South Austin. Spacious main home + 2 bed/2 bath ADU offer flexibility for living, renting, or expanding. The home provides solid construction and generous living space, making it ideal for comfortable family living today or for those looking to thoughtfully update and make it their own over time. Step outside and enjoy a property that truly stands apart—expansive, heavily wooded, and full of potential. With room to expand, add additional structures, or reimagine the space, the possibilities are wide open! An added bonus is the well kept 2-bedroom, 2-bath accessory dwelling unit, perfect for rental income, multi-generational living, or a private guest space while updating the main home. Located just minutes from Manchaca and Slaughter, you’re within walking distance to local restaurants, coffee shops, grocery options, and entertainment, offering a rare combination of natural setting and urban convenience. Whether you're looking for a peaceful homestead, an income-producing opportunity, or a property with long-term upside in a rapidly growing area, this one offers the flexibility to meet your vision. All information deemed reliable but not guaranteed; buyer to verify all information independently.

Neighborhood: Shady Hollow

This property is located in Shady Hollow, Austin, TX. The area is known for Community Amenities, Golf Course, Pools & Tennis, Good Schools, Well-Maintained.

At $252/sqft, this listing is priced near the Shady Hollow median of $247/sqft.

Property Details

Listing data last updated: May 19, 2026

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