$4,900,000 119 days on market

POSSIBLE 1031 EXCHANGE. RARE BAYLOR STREET PROPERTY with IMPECCABLE DOWNTOWN VIEWS. PARTIAL OWNER FINANCING AVAILABLE.

Property currently occupied by a structure on 2 +/-4000 sq ft lots, which may be reconfigured with COA approval to have one lot with a structure and one vacant lot, each with room for a house and 2 ADUs. Currently has advantageous SF 4 zoning and the opportunities that brings with it. MF-4 allows for medium-density multifamily development (townhomes, condos, or boutique apartments)
Perched high on Austin’s iconic Castle Hill, 1000 Baylor Street combines historic charm, sweeping downtown views, and the rare flexibility of advantageous MF-4 zoning. Built in 1925, this Georgian-style residence spans approximately 2,000 sq ft with 4 bedrooms, 3 baths which includes a guest apartment, offering timeless character with original hardwoods, a classic fireplace. Starting in the 60’s this area of Castle Hill was referred to by the local musicians as Joplin Hill. The property’s ~0.18 acre lot with MF-4 zoning makes it an exceptional opportunity for developers and investors. A true rarity with this level of downtown visibility and walkable access. Private gated pedestrian and parking access to upper West 10th and the rapidly evolving 6th & Blanco, luxury, boutique hotel and restaurant district, and surrounded by landmarks like The Castle and the luxury Colorfield development, this site offers both prestige and convenience. For those seeking a restoration project, the home’s historic bones and unbeatable views make it a candidate for preservation. For visionaries, the zoning opens the door to a transformative multifamily development with skyline backdrops.
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