Incredible opportunity in the heart of East Austin - steps from the urban core yet nestled in one of the city's most sought-after neighborhoods. With 8,252 square feet of flat, buildable land (zoned SF-3 with alley access), 1005 Holly offers prime development potential for a builder, investor, or future-minded developer looking to plant a flag in this high-growth corridor. Whether you envision a high-end single residence or a multi-unit condo regime with both Holly Street and alley access, this property offers flexibility and a high ceiling for returns. The existing home could be lightly remodeled for immediate rental income, or cleared for new construction. Adjacent lots may become available, creating a rare opportunity to assemble multiple parcels with continuous street and alley frontage - ideal for a larger-scale development or future up-zoning play. Just blocks from the Rainey Street District, Lady Bird Lake, and East Austin's best coffee shops, breweries, and art-forward experiences. And with the I-35 expansion on the horizon, this location is poised to become even more connected to downtown Austin and its surrounding tech and lifestyle hubs. Buyers are advised to verify zoning and building regulations prior to acquisition.
Active
$975,000
1005 Holly St, Austin, TX 78702
3beds
1,248sqft
Est.:
Single Family Residence
Built in 1945
8,250.26 Square Feet Lot
$-- Zestimate®
$781/sqft
$-- HOA
What's special
- 39 days
- on Zillow |
- 165 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: July 02, 2025 at 02:00am
Listed by:
Maggie Maddox (512) 444-3434,
Live512 LLC (512) 444-3434,
Benson Oldmixon (512) 422-3357,
Live512 LLC
Source: Unlock MLS,MLS#: 9886791

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bedrooms: 3
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Range
Features
- Ceiling Fan(s), Primary Bedroom on Main
- Flooring: Laminate, Tile
- Windows: None
Interior area
- Total interior livable area: 1,248 sqft
Video & virtual tour
Property
Parking
- Parking features: Driveway, Tandem
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Rear Porch
- Exterior features: None
- Pool features: None
- Fencing: Chain Link, Stone, Wrought Iron
- Has view: Yes
- View description: City, Skyline
- Waterfront features: None
Lot
- Size: 8,250.26 Square Feet
- Features: Level
Details
- Additional structures: Shed(s)
- Parcel number: 02030406040000
- Special conditions: Probate Listing
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Foundation: Pillar/Post/Pier
- Roof: Composition
Condition
- See Remarks
- New construction: No
- Year built: 1945
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: None
- Subdivision: Elm Grove Add
HOA
- Has HOA: No
Location
- Region: Austin
Financial & listing details
- Price per square foot: $781/sqft
- Tax assessed value: $549,060
- Annual tax amount: $8,850
- Date on market: 7/1/2025
- Listing terms: Cash,Conventional
- Electric utility on property: Yes
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