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$1,399,000

707 Highland Ave, Austin, TX 78703

Terrace Park

Sq Ft3,031
Acres0.11
Year Built1930

About This Property

Enjoy bright, airy modern bungalow living in this newly renovated West Austin residence, located in one of the city’s most desirable and historic neighborhoods. The home is within walking distance of restaurants, coffee shops, bars, Lady Bird Lake, and Zilker Park, offering an exceptional urban lifestyle in Austin. The property features two separate units—each 3 bedrooms and 2 bathrooms—with private entrances, totaling 6 bedrooms and 4 bathrooms under one roof. This flexible layout is ideal for multigenerational living, house hacking, or rental use, allowing shared gathering space while maintaining separation. Each unit includes its own living room and kitchen, with a dedicated dining area on the upper level. The home has been thoughtfully renovated with clean modern finishes, abundant natural light, and well-appointed kitchens with generous counter space, including double islands upstairs. Bedrooms and bathrooms are spacious and functional, designed for both everyday living and entertaining. A large unfinished basement provides substantial storage and a clear opportunity to finish the space to increase square footage, value, and/or rental income. The property is currently operating as a short-term rental, generating $530,742 in gross revenue over the past three years, with meaningful upside remaining. It may be sold fully turnkey, including all furniture, supplies, listings, professional photography, and future reservations, allowing for a seamless transition for an owner or investor. *THIS PROPERTY IS PART OF A 5 PROPERTY PORTFOLIO THAT CAN BE SOLD AS A PACKAGE FOR A DISCOUNTED PRICE. ASK LISTING AGENT FOR DETAILS*

Property Details

Property TypeMulti-Family
MLS #4200393
Days on Market68
Lot Size0.11 acres
Listed1/7/2026
Last Updated1/7/2026

Location

County
Travis
School District
Austin ISD
MLS Area
1B

Size

Lot Description
Corner Lot, Public Maintained Road, Sloped Down
$/Acre
$12,718,182

Improvements

Fence
None
Exterior Features
Balcony, Exterior Steps
Heating
Space Heater
Cooling
Ceiling Fan(s), Wall/Window Unit(s)
Appliances
Free-Standing Range, Refrigerator
Flooring
Concrete, Tile, Wood
Windows
Double Pane Windows
Construction Materials
Frame
Foundation
Slab
Roof
Composition
Direction Faces
Northwest
Pool Features
None
Patio / Porch
None
View
None
Community Features
Park
Parking Features
None

Location

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Listing provided by Dylan Haines · Compass RE Texas, LLC · (512) 633-0864

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.

$1,399,000