$1,200,000

Property Overview

This Garrison Park gem at 4508 Lareina Drive captures the essence of South Austin living—a 1935 classic home with greenbelt views, mature tree canopy, and surprising versatility across its .34-acre lot. The main residence pairs original character with practical modern updates, featuring three bedrooms, two bathrooms, and a distinctive spiral staircase leading to a flexible upper-level space perfect for a home office, gym, or recreation area. A screened-in porch dissolves the line between indoor and outdoor living, while the detached 744-square-foot guesthouse with its own bedroom, bathroom, and kitchenette opens possibilities for guest accommodations, rental income, or a dedicated work-from-home setup.

Positioned between South Congress and South 1st in this family-oriented neighborhood, 4508 Lareina Drive offers the relaxation of a secluded retreat without sacrificing Austin's vibrant urban conveniences. The greenbelt backing provides a peaceful buffer, while the surrounding Garrison Park community delivers amenities including a neighborhood pool, walking trails, and park access. This property's rare combination of privacy, functional layout, and neighborhood accessibility makes it particularly attractive to buyers seeking flexibility and character at an accessible price point in one of South Austin's most desirable corridors.

Vox Residential Insight

The detached guesthouse transforms this property from a simple family home into a multi-use investment, and Vox Residential sees strong appeal here for buyers exploring rental income or flexible living arrangements. At $378 per square foot, this offering sits slightly below the neighborhood's $398 median, making it a smart entry point into Garrison Park's established community.

Agent Description

Private Retreat with Guesthouse, Greenbelt Views + Wellness Amenities and a spaciouse chicken run set up. Tucked into a canopy of mature trees on a .34-acre lot, this home offers a rare blend of privacy, character, and flexibility in one of South Austin’s most accessible locations. Positioned between South Congress and South 1st, just south of 290, you get the convenience of central living with a true neighborhood feel. Backing to a greenbelt, the property feels like a hidden retreat. The main house, originally built in 1935, features 3 bedrooms and 2 full bathrooms, with warm, inviting spaces that reflect classic Austin charm. An extended screened-in porch creates seamless indoor-outdoor living, while a spiral staircase leads to a spacious upper-level flex room, ideal for a game room, gym, office, or second living area. The detached 744 sq ft guesthouse includes a bedroom, full bath, kitchenette, and private porch, offering incredible versatility for guests, work-from-home, or income potential. The guest house has been consistenly rented on Airbnb with 5 Star ratings, bringing on average $2500 +/month for the past 5 years. Outside, the “Zen Den” lifestyle comes to life with a hot tub, sauna, and cold plunge set within a lush, private yard. Surrounded by mature oak and fruit trees and backing to green space, this is a property designed for both connection and reset. Located in a close-knit neighborhood and 5 doors down from local favorites and the iconic Cathedral of Junk, this is a rare opportunity to own a truly unique South Austin property.

Neighborhood: Garrison Park

This property is located in Garrison Park, Austin, TX. The area is known for Community Pool, Neighborhood Park, Walking Trails, Accessible Prices, Family-Oriented.

At $378/sqft, this listing is priced near the Garrison Park median of $392/sqft.

Property Details

Listing data last updated: May 19, 2026

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