1818 Ashbey Ave

Zilker, Austin, TX 78704

Fantastic opportunity to restore or redevelop this incredible property in the coveted heart of 78704. Living in Zilker is immersing yourself into the essence of South Lamar 04 Austin lifestyle that everyone hears about, but only few get to live. Value is in the land, with Amazing Austin Skyline view potential from a second-story New Build. Home is currently furnished, well-kept and slightly updated maintaining original 1960s charm, 3bed / 2bath / 1039sft, Sitting on a .166 acre flat lot, (7,218sqft Land) per TCAD, and Survey. Currently Zoned SF3 on very popular street in the coveted Zilker neighborhood, the premier Old West Austin, with amazing new development surrounding it. Substantial STR/VRBO/Airbnb potential, Sought after for long-term tenants as well. GREAT WAY TO EARN INCOME while going through the city's redevelopment permitting process. Great Builder or Buyer opportunity to build a fabulous new home and income-producing ADU. Home has earned substantial income with Short Term Rentals and Extended Stays for the last two years. Walking distance from Barton Springs, Zilker Park, Hike & Bike trails around Lake Austin, Green Belt access, South Lamar shopping, dining, and entertainment (Uchi, Broken Spoke, Saxon Pub, Maudie's, Alamo Drafthouse, etc.), and minutes to downtown (Whole Foods, 6th St, REI, Book People. With easy access to all major roads and highways including I-35, 290/71, and MoPac., here is your chance to live in and enjoy the best of Austin at its heart.