1512 Preston Ave, Austin, TX 78703

Pemberton Heights charmers in this condition are so rare that this exquisitely maintained 1937 home won’t last long. Nestled in one of Austin’s elite neighborhoods, 1512 Preston Ave. hearkens back to Austin’s rich architectural heritage. Walk across a beautifully appointed brick drive and you will find a versatile garage apartment, perfect for a home office, guest quarters or income potential. You won’t find another home of its era with this kind of convenience. You will fall in love as soon as you gaze upon the façade. The perfectly maintained exterior with lush landscaping sits under the cooling shade of a mature trees in both front and back yards so large you’ll need three people to wrap arms around their trunks. A quaint front porch looks out, calling for a pair of chairs and an evening with your favorite beveridge. Enter the front door, and you are met with elegance. Timeless and classically appointed with built-ins throughout and two fireplaces, this home is ready made for showcasing your art collection and for entertaining. Bedrooms with gleaming original hardwoods make this a perfect fit for any family. An upstairs porch off the garage apartment is convenient for morning coffee or an evening sitting area. It overlooks a mature backyard set for pets, children and entertaining alike. Experience the allure of a bygone era with modern comforts on coveted Preston Avenue. NOTE: TCAD has 2724 Sq. Ft. - Main House 2244 sq. ft. 3 bed / 2 full bath, Garage Apartment 480 sq. ft. 1 bed 1 bath.

Pemberton Heights has more homes on the National Register of Historic Places per block than any other neighborhood in Austin. This is where old Austin wealth put down roots in the 1930s, and the streetscape has changed less than you might expect. Walk down Harris Boulevard on a Tuesday morning and you will see original Tudor Revival homes next to recent glass-and-steel builds, separated by a shared property line and a very old live oak.

The neighborhood occupies a compact footprint in 78703, bounded by Shoal Creek east, MoPac west, 35th Street north, and Windsor Road south. Downtown is a ten-minute drive, and many residents bike. Jeffrey's has been the fine dining anchor since the 1970s. Josephine House does refined comfort food. Cipollina and Clark's Oyster Bar are walking distance. Uchi, Emmer and Rye, and Barley Swine are short drives away, putting Pemberton Heights at the center of Austin's culinary map.

Tudor Revival homes make up about a quarter of the stock, with deep-set windows and steep roof pitches. Colonial Revival homes account for another twenty percent. Craftsman bungalows, some original to the 1930s, are scattered throughout. Mediterranean-style homes add variety, and contemporary builds bring the architecture into the current decade. Prices start around $1.2 million for a smaller lot needing work and climb past $5 million for renovated estates. Lots generally run between a fifth and a third of an acre.

Casis Elementary is the neighborhood school with a reputation that has drawn families for generations. Students feed into O. Henry Middle School and Austin High School, one of the most centrally located high schools in any major Texas city. Parents are active, fundraising is robust, and there is shared investment in the public school system. Some families opt for St. Andrew's, St. Austin's, or Austin Montessori, all nearby.

Shoal Creek Trail runs along the eastern edge, providing a shaded corridor for runners heading toward Lady Bird Lake. Pease Park anchors the northeast corner and hosts weekend markets and community events. The trail from Pease Park connects into the broader Butler Trail system, making it possible to run from your front door to the lake without touching a major road. Red Bud Isle is a favorite for dog owners. Social life centers around the restaurants and coffee spots on West Lynn and Exposition.

Pemberton Heights sits at the top of the central Austin market alongside Tarrytown and Old West Austin. Tarrytown offers larger lots and a more suburban rhythm with less walkability to dining. Old West Austin has a more bohemian energy and tighter lots. Pemberton Heights splits the difference: architecturally significant homes on generous lots within walking distance of the best restaurants in the city. New construction is constrained by lot availability and neighborhood review, which limits supply.

Pemberton Heights is for buyers who want to live in the center of Austin's best neighborhood without compromise. It fits families who value Casis Elementary, professionals who want to bike downtown, and anyone who appreciates living in a 1939 Tudor next to a 2024 glass-and-steel build and having both feel like they belong.