2705 W 49 1/2 St, Austin, TX 78731

Rosedale has the distinction of being the Austin neighborhood where a 900-square-foot bungalow from 1938 can trade for over a million dollars, and nobody thinks that is unusual. That pricing reflects something hard to quantify: location, lot size, tree canopy, and a walkable daily life that most neighborhoods can only approximate. The lots are big enough to feel suburban, but you are five minutes from downtown. Rosedale is bounded roughly by 45th Street to the north, 38th Street to the south, Shoal Creek to the east, and Burnet Road to the west, in the 78756 zip code. Downtown is about five minutes south on Lamar or Guadalupe. UT campus is the same distance southeast. The Domain is 10 minutes north on Burnet. Most residents orient their lives along the Lamar and Burnet corridors. Brentwood and Crestview sit to the north, Bryker Woods to the south. Housing spans nearly a century. Depression-era bungalows from the 1930s and 1940s account for roughly 30 percent, small in square footage but on lots exceeding 7,000 square feet. Mid-Century ranch homes make up about 25 percent. Contemporary new construction represents about 20 percent, and Craftsman homes about 15 percent. Pricing starts around $800,000 for smaller unrenovated bungalows and climbs to $2.5 million for new construction on oversized lots. The middle market for a renovated three-bedroom runs $1.1 million to $1.6 million. Tear-down activity has been steady as builders recognize the gap between land value and remaining structure life. Austin ISD serves Rosedale, with Rosedale Elementary as the neighborhood campus. Students feed into Lamar Middle and McCallum High. McCallum's fine arts academy draws students from across the district and gives the school a creative reputation. Austin ISD operates under the state's recapture system, which redirects local property tax revenue. This affects per-student funding differently than in standalone districts like Eanes, but the neighborhood schools maintain engaged communities. Ramsey Park sits at the heart of the neighborhood with a playground, basketball courts, pool, and open fields for pickup soccer. Shoal Creek Trail runs along the eastern boundary. The Burnet Road food scene has evolved into one of Austin's most interesting dining corridors. Uchiko serves innovative Japanese cuisine. Barley Swine focuses on seasonal tasting menus. Epicerie brings French-bistro sensibilities. Pinthouse Pizza pours craft beer alongside wood-fired pies. Little Deli, a longtime institution, serves New York-style pizza from a tiny counter that never has an empty parking lot. Tacodeli handles the breakfast taco rotation that anchors most Rosedale mornings. To the south, Tarrytown and Old Enfield offer similar walkability at higher price points. To the north, Brentwood and Crestview provide comparable lots at lower prices with more distance from downtown. East across Lamar, Hyde Park has its own charm but smaller lots. Rosedale threads these comparisons well. The lots are bigger than most close-in neighborhoods, the canopy is mature, and Burnet Road dining is immediate. Rosedale works for buyers who want central Austin convenience with a neighborhood that has had time to grow into itself. If you want a big lot with old trees, a five-minute drive downtown, and a dozen walkable restaurants on Burnet, this is where those things overlap. Families at Rosedale Elementary, couples who spend weekends at Ramsey Park, and anyone who measures value by daily walkability rather than a gate or golf course will find Rosedale an honest match for how they actually live.