Nestled on a quiet, tree-lined street just minutes from downtown, Lady Bird Lake, Mozart’s Coffee, and Deep Eddy Pool, this rare oversized .39-acre lot offers the perfect canvas to build your dream home in a serene, established neighborhood setting. The lot’s generous size provides ample space for a custom residence, outdoor entertaining areas, pool, and/or guest casita, or rental income. A portion of the property does fall within the 100-year floodplain, but it remains highly buildable—offering flexibility and significant potential for the right vision. Notably, the existing structure may be remodeled or renovated within City of Austin guidelines in a way that avoids floodplain review and permitting altogether, creating a valuable opportunity to build or expand without the added complexity. The current structure is tenant-occupied and producing income, making this an attractive option for investors or those looking to offset carrying costs while planning a future build. The property is being sold as-is, and showings may be arranged once a contract is in place, as a courtesy to the residents. Adding to the property’s appeal are its excellent public schools, including Casis Elementary, O. Henry Middle School, and Austin High School—all highly rated and consistently ranked among the top in the city. This makes it a superb option for families seeking both a high-quality education and an exceptional neighborhood location.