1508 Holly Unit #1, Austin, TX 78702

Welcome to Holly Residences, an exclusive collection of three ultra-luxury homes located in the heart of East Austin’s coveted Holly neighborhood. Perfectly positioned just steps from Lady Bird Lake and within walking distance to Rainey Street, East Cesar Chavez, and some of Austin’s best dining, coffee shops, and entertainment, this boutique gated development offers the ideal blend of sophisticated design and vibrant urban lifestyle. Thoughtfully designed with clean modern architecture and ultra-high-end interior selections curated by Britt Design, each residence showcases refined materials, expansive windows, and seamless indoor-outdoor living. Every home features a private pool, creating a rare opportunity to enjoy resort-style living in one of Austin’s most sought-after neighborhoods. Unit 1 offers a spacious and highly functional layout designed for modern living. The home features an open living and dining concept filled with natural light, complemented by premium finishes and thoughtful design details throughout. The flexible floor plan includes a dedicated office space, ideal for working from home, while the private balcony adds an additional outdoor retreat. The backyard is designed for entertaining with a private pool and outdoor living area, while the 1-car garage and carport provide convenient parking options. NO HOA DUES or STR Restrictions. July completion, schedule a private tour.

The grand entrance to 1508 Holly Unit #1 in East Austin's Holly neighborhood announces itself with clean architectural lines and floor-to-ceiling windows that flood the 2,512 square-foot residence with natural light. This newly constructed home, completing in July 2026, sits within Holly Residences, an exclusive three-unit gated community positioned steps from Lady Bird Lake and walking distance to Rainey Street and East Cesar Chavez.

The main living spaces unfold with an open concept that eliminates barriers between the living room and dining area, allowing sightlines that extend from the interior through expansive glass to the private outdoor retreat beyond. Premium finishes throughout reflect the design sensibility of Britt Design, with wood flooring grounding each room while high-end material selections create a residence that reads as intentional and refined rather than trendy. A dedicated home office integrates seamlessly into the floor plan, addressing the modern expectation of workspace without sacrificing the home's sophisticated flow.

The primary suite delivers the privacy and retreat that anchors a home of this caliber. Positioned to maximize quiet and separation from guest areas, it offers the sanctuary that defines timeless luxury homes.

The grounds reveal the true distinction of this property. A private resort-style pool commands the backyard, with surrounding entertaining space that facilitates both intimate gatherings and larger celebrations. The private balcony extends the interior living envelope, creating additional outdoor breathing room. Direct pool access from the main living areas reinforces the seamless indoor-outdoor living that defines contemporary luxury in Austin's East Side neighborhoods.

Situated within the Austin ISD, the property falls within the attendance zones for Sanchez Elementary, Martin Middle School, and Austin High School. The surrounding neighborhood delivers immediate walkability to Austin's most dynamic restaurant and coffee culture. Lady Bird Lake sits nearby for running and paddling, while the gated nature of Holly Residences provides security and privacy that East Austin's increasingly valuable real estate demands.

At $517 per square foot on a 0.294-acre lot with no HOA dues and no short-term rental restrictions, this home offers unrestricted ownership in a location where privacy, walkability, and architectural quality converge. Seventeen days on market indicates the scarcity of finished luxury homes in this tier within the Holly neighborhood.

East Austin is the only neighborhood in the city where you can walk from a James Beard Award-winning restaurant to a converted warehouse gallery to a live music venue to a craft cocktail bar without ever getting in your car. That walkability, combined with a building boom that has reshaped the housing stock over the past decade, makes East Austin the most dynamic real estate market in Central Texas.

East Austin stretches from I-35 on the west to Highway 183 on the east, with Lady Bird Lake forming the southern boundary and roughly MLK Boulevard marking the northern edge of the 78702 core. The 78722 zip extends the identity further north and east. Downtown is immediately across I-35 - five minutes by car, 15 by bicycle. East Cesar Chavez, East 6th, and East 7th serve as commercial corridors, each with its own personality. East Cesar Chavez leans toward taquerias and family shops, East 6th trends cocktail bars and restaurants, East 7th mixes galleries with newer retail.

Modern townhomes and duplexes make up about 35% of sales activity, concentrated on infill lots. Original shotgun bungalows and Craftsman homes account for 25%, mostly on quieter streets east of Chicon - typically 800 to 1,200 square feet on generous lots with ADU potential. Contemporary custom homes represent 15%, with architects like Bercy Chen and Alterstudio producing some of the most interesting residential design in Texas. Unrenovated bungalows start in the mid-$400s. Renovated historic homes with ADUs land between $700,000 and $1 million. New townhomes cluster around $600,000 to $900,000. Custom builds cross $1.5 million.

East Austin falls within Austin ISD. Zavala Elementary and Blackshear Elementary handle early grades. Martin and Kealing Middle Schools are the primary options, with Kealing's magnet program drawing students districtwide. Eastside Memorial High School serves the area, though many families opt for LASA, private schools, or open-enrollment options. The school landscape is more complex than in neighborhoods with a single feeder pattern, and specific addresses matter.

The lifestyle is what people picture when they think of modern Austin. Morning starts at Cenote or Fleet Coffee. Franklin Barbecue's line forms early, but locals order ahead. The dining concentration is remarkable. Suerte does modern Mexican with in-house nixtamal. Nixta Taqueria won a James Beard Award. Launderette turns a converted laundromat into one of Austin's best brunch spots. Canje brings Caribbean cooking to Holly Street. Kemuri Tatsu-Ya fuses izakaya with smokehouse. Via 313 has been making Detroit-style pizza since before the current boom. The Butler Trail, Boggy Creek Greenbelt, Roy Guerrero Park, and Mueller Lake Park provide outdoor options.

East Austin offers urban density and walkability unmatched outside downtown, at prices that undercut the west side significantly. Compared to South Congress, it provides more housing variety and better value per square foot. Compared to Mueller, it trades master-planned orderliness for more character. The main concerns are the pace of change and the east-west infrastructure divide, which has narrowed but still shows in some areas.

East Austin is for buyers who want to live in Austin's cultural energy rather than commute to it. It fits people who eat out frequently, bike to work, and value diversity of experience. It works for investors who see ADU potential in the generous lots. If you need a large lot, a quiet cul-de-sac, or a top suburban school, look elsewhere. But if you want to walk out your front door and feel the pulse of what makes Austin different from every other Texas city, there is no better address.