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1507 1/2 Holly, Austin 78702

1507 1/2 Holly

$550,000 · 3 bd · 1 ba · 960 sq ft

From the listing

Rare East Austin redevelopment opportunity approximately one mile east of Downtown Austin and 0.6 mile from the Lady Bird Lake hike-and-bike trail. The approximately 6,500-square-foot lot offers both street frontage and rear-alley access, an especially attractive configuration for creating distinct entrances, parking and greater privacy between residences in a potential A/B-style development. CS-MU-CO-NP zoning supports a range of residential possibilities, including single-family, duplex/two-family, condominium and other residential configurations, with a maximum building height of 40 feet. Preliminary title work is complete, with no recorded easements specifically listed in the title commitment. Existing city utility connections and a remaining heritage tree positioned near the lot perimeter further enhance the site’s development potential. Minutes from Lady Bird Lake, Downtown, Rainey Street, East Cesar Chavez dining and Austin-Bergstrom International Airport.

The description is the listing brokerage’s, reproduced from the MLS. Listed by Compass RE Texas, LLC.

The ZIP

Everything that is not in the listing, from the creeks to the schools to who the area is wrong for, is on the 78702 page. Everything else for sale there today is on its market page.

A private viewing

Tell me when works and I will confirm directly.

Luke Allen

Licensed Texas REALTOR, License #788149

254-718-2567luke@austinmdg.com
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Listings courtesy of Unlock MLS as distributed by MLS GRID

Based on information submitted to the MLS GRID as of October 13, 2026 at 10:08 AM CDT. All data obtained from various sources and may not have been verified by broker or MLS GRID.

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Alex Bartram, Designated Broker, TREC License #615893

Austin Marketing + Development Group LLC, TREC License #9014959

1401 West Ave Ste B, Austin, TX 78701

Luke Allen, Licensed Texas REALTOR, License #788149

Equal Housing Opportunity

lukeallenaustin.com