$500,000

Property Overview

This 1948 Cherrywood bungalow presents a rare opportunity to own a solid-built classic on one of Austin's most desirable tree-lined streets. The home's original cinder block construction delivers superior insulation and acoustic qualities seldom found in newer builds, creating an unusually peaceful retreat despite proximity to vibrant neighborhood amenities like Cherrywood Coffeehouse and easy access to UT Campus. Two bedrooms and one bath occupy 871 square feet of thoughtfully maintained space, where original hardwood floors anchor the home's authentic character while a recently updated kitchen and bath provide modern convenience without compromise.

The 7,166-square-foot lot is the property's crown jewel, offering substantial outdoor living potential beneath mature shade trees. A wraparound deck frames a private, secluded backyard ideal for morning coffee, evening gatherings, and the slow-paced lifestyle Cherrywood residents cherish. Anchored by two decades of attentive ownership, this home reflects the neighborhood's commitment to preservation and community connection. Located on 38th Street in one of Central Austin's strongest neighborhoods, the property positions buyers to participate in Cherrywood's reputation for walkability, stellar schools, and genuine connection to Austin's urban core.

Vox Residential Insight

Vox Residential recognizes this property's premium positioning reflects both its exceptional bones and Cherrywood's sustained appreciation as one of Austin's most desirable central neighborhoods. The original cinder block construction and generous lot size are authentic differentiators that justify the price point for buyers seeking character, durability, and land value in an established community.

Agent Description

Charm, character, and opportunity converge in Cherrywood, one of Central Austin's most beloved and walkable neighborhoods. Tucked beneath mature shade trees on an expansive 7,166-square-foot (0.1645-acre) lot, this classic 1940s bungalow has been lovingly cared for by the same owner for 20 years, and it shows in every detail. Rarely seen in Austin, the home's original cinder block construction is more than a conversation piece. It delivers incredible insulation and a hushed, solid quiet you simply won't find in newer builds. Inside, original hardwood floors carry the home's historic soul, while the beautifully updated kitchen and bath bring fresh, modern function without sacrificing an ounce of character. Two bedrooms and one full bath complete the efficient 871-square-foot interior. Outside, the property truly shines. An expansive wraparound deck extends the living space into a private, tree-shaded backyard made for slow morning coffees and warm Austin evenings with friends, while the detached garage offers instant flexibility as a workshop, studio, home gym, or future creative space. Here's where it gets exciting: this generous lot is also an exceptional development opportunity in the heart of East Austin. It offers a rare chance to expand, reimagine, or redevelop in the vibrant, coveted 78722, one of the city's most sought-after urban zip codes, with strong rental appeal for investors playing the long game. And the location delivers every single day. Long treasured for its tree-lined streets and eclectic homes, Cherrywood puts you minutes from UT, Mueller's parks and shopping, Downtown Austin, and public transit, with neighborhood icons like Este, Salty Sow, Civil Goat, Supreme Pizza, Haymaker, and The Long Goodbye all close at hand. Live in it, lease it, or build your vision. However you write the next chapter, this is Cherrywood at its most versatile: timeless character today, remarkable potential tomorrow.

Neighborhood: Cherrywood

This property is located in Cherrywood, Austin, TX. The area is known for Cherrywood Coffeehouse, Tree-Lined Streets, Near UT Campus, Mueller Access, Strong Community.

At $574/sqft, this listing is priced 45% above the Cherrywood median of $397/sqft.

Property Details

Listing data last updated: July 16, 2026

Frequently Asked Questions