$1,225,000

518 Terrace Drive, Austin, TX

2,612

Square feet

0.15

Acres

Exceptional, unique, well-maintained income-producing property in the heart of Travis Heights, on a corner lot across the street from Little Stacy Park and the Blunn Creek Trail, two minutes to South Congress, 6 minutes to downtown and just a stone's throw to Lady Bird Lake and all of the Best of Austin. This stunning property with three separate income-producing units affords the owner ultimate flexibility in terms of property use. The restored and modernized 1935 1/1 duplex units with gorgeous original hard wood flooring and custom tile work are 660 SF each, per TCAD. Each duplex unit has a private shaded patio or deck, a generous kitchen with ample storage and a spacious living, bedroom and dining area, the latter of which for both current tenants is being used as ideal work-from-home office space. The striking 2/2 single-family home situated above the duplex boasts spectacular tree-top views courtesy of the second and third story decks designed by the lead architect responsible for the Lady Bird Lake Boardwalk. The thoughtful updates to this 1292 SF converted garage apartment include a well-appointed first-floor secondary suite with an oversized, luxurious walk-in shower. The main-level second-floor contains an updated galley kitchen with Silestone counters and conveying stainless steel appliances opening to dining and living space which lead to the primary suite. Each photo indicates the attributable unit. All units are in excellent shape. Property has been pre-inspected and is priced to sell. Contact Agent for more information.

Facts & Features

ListingFeed abor_vow
MLS® # 6244605
List Price $1,225,000
Sale Price $1,150,000
Sale Date October 21st, 2022
Bathrooms 0.00
Square Footage 2,612
Acres 0.15
Year Built 1935
Type Residential Income
Sub-Type Triplex
Status Closed

Community Information

Address 518 Terrace Drive
Subdivision Blue Bonnet Hills
City Austin
County Travis
State TX
Zip Code 78704

Amenities

Utilities Electricity Available, Natural Gas Available
Features Park, Trails/Paths
Parking Off Street
View Park/Greenbelt, Trees/Woods
Is Waterfront No
Waterfront None
Has Pool No

Interior

Interior Carpet, Tile, Wood
Appliances Cooktop, Dryer, Dishwasher, Exhaust Fan, Disposal, Gas Oven, Gas Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliance(s), Washer
Heating Central
Cooling Central Air, Ceiling Fan(s)
Fireplace No
Stories Multi/Split

Exterior

Exterior Features Balcony, Exterior Steps, Rain Gutters
Lot Description Back Yard, Corner Lot, Front Yard, Gentle Sloping, Xeriscape
Windows Screens
Roof Composition, Metal, Shingle
Construction Cement Siding, Wood Siding
Foundation Pillar/Post/Pier, Slab

School Information

District Austin ISD
Elementary Travis Hts
Middle Lively
High Travis

Additional Information

Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Map

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