3306 Larry lane, Austin, TX 78722

UNBELIEVABLE OPPORTUNITY FOR DEVELOPMENT OR REMODEL ON HUGE LOT W ANOTHER LOT BEHIND IT THAT CONVEYS! GORGEOUS .34 AC IN TOTAL ZONED SF3 IN FANTASTIC EAST SIDE HIP NEIGHBORHD IN WALKING DISTANCE TO UT LAW SCHOOL! 3 HOUSES W RENT@ $3940 MO WHICH IS WAY UNDER MARKET FOR EA HOUSE B/C OF AWESOME LONG TERM TENANTS! ALWAYS RENTED BC OF AREA! PLUS THE EXTRA LOT IN THE BACK (SEE SURVEY)! 3/2 W SUNROOM W ORIGINAL HARDWOODS, REMODELED BATHROOMS W SUBWAY TILE & BUILT IN SHELVING+ A 1/1 THAT IS SUPER CUTE W ITS OWN PRIVATE COURTYARD+ A GREAT LITTLE EFFICIENCY IN BACK! PROPERTY HAS 2 DRIVEWAYS+ EXTRA LOT BEHIND THE PROPERTY (UNFENCED) CONVEY W/ SALE!! POSSIBILITIES ARE LIMITLESS W A HOUSE & LOT THIS SIZE! YOU CAN LIVE IN 1 PART & RENT OUT THE REST OR REBUILD FAB MODERN STRUCTURE W/ ALL THE ROOM YOU WANT! WOOD FLOORS+ CHARACTER+ LOCATION. WALK TO HOOVERS, EAST SIDE CAFE, SUGAR MAMAS & ALL THE TREASURES THAT FRENCH PLACE & CHERRYWOOD HAVE TO OFFER! SERIOUSLY CHECK THE COMPS ON REDEVELOPMENT FOR A LOT THIS SIZE! BUILD A BIG HOUSE IN THE FRONT AND AN ADU IN THE BACK OR DUPLEX IT OR REMODEL AND USE THE BACK LOT FOR A PRIVATE OASIS POOL & POOLHOUSE! CK COMPS AT 2106 EM FRANKLIN FOR LARGER SOLD POTENTIAL OR 2102 E 21ST FOR SMALLER POTENTIAL & THAT WAS ONLY ON .05 AC. THE POTENTIAL ON .34 ACRE IS A RARE OPPORTUNITY ESPECIALLY IN A NEIGHBORHOOD AS AMAZING AS THIS! THE PEOPLE IN THE NEIGHBORHOOD ARE TRULY A TREASURE & THE CULTURE THAT IT HAS IS UNMATCHED ANYWHERE. THIS IS TRULY THE JEWEL AREA OF THE EAST SIDE! THERE ARE AN AMAZING SET OF TENANTS THAT ARE EITHER MO TO MO OR HAVE A FEW MONTHS REMAINING ON THEIR LEASE THROUGH 6/22/22 PAYING $3940. THEY WOULD BE HAPPY TO STAY AND GENERATE REVENUE WHILE PERMITS AND PLANS ARE GATHERED TO MAKE IT THE PERFECT HOME FOR YOU BUT THAT IS OPEN FOR DISCUSSION. LOADS OF POTENTIAL & CHARACTER! RECENT ROOF & OTHER UPDATES COSMETICALLY! TEXT ALL 3 TENANTS PLEASE THEN GO. UNIT C IS A "GO" FRIDAY 12-5.

Cherrywood started as a veterans' housing subdivision in the 1940s, built to give returning servicemen affordable homes near the University of Texas. Eighty years later, those same modest bungalows sit on lots that have appreciated by roughly 2,000 percent, and the neighborhood has become one of the most interesting food destinations in central Austin without ever losing its residential, front-porch character.

The neighborhood occupies a compact rectangle in the 78722 zip code, roughly bounded by Airport Boulevard to the east, Manor Road to the south, I-35 to the west, and 51st Street to the north. Downtown Austin is about a 10-minute drive or a 15-minute bike ride. The University of Texas campus is even closer, sitting just across I-35. The Mueller development, built on the old Robert Mueller Municipal Airport, borders the northeast edge of Cherrywood and provides a modern counterpoint with its mixed-use retail, HEB grocery, and the Thinkery children's museum. East Austin's growing commercial corridors along Manor Road and Airport Boulevard are within walking distance.

The housing stock reflects the neighborhood's working-class origins with layers of reinvention on top. About 35 percent of the homes are post-war bungalows from the 1930s through 1950s, typically 900 to 1,400 square feet on lots around a tenth of an acre. Another 25 percent are ranch-style homes and cinder block builds from the 1940s through 1960s, many of which have been updated with modern kitchens and additions. Modern infill construction accounts for roughly 20 percent of the housing, with new builds filling in lots where older homes were demolished. You will also find duplexes, accessory dwelling units, and cottage properties scattered throughout. Prices range from the mid $400s for unrenovated bungalows to over $1 million for new construction or fully modernized homes on larger lots. The lot sizes are small but the location premium is significant given the proximity to UT and downtown.

Cherrywood is served by Austin ISD. The neighborhood schools include Lee Elementary and Blanton Elementary for the lower grades, Kealing Middle School, and McCallum High School. Kealing is notable for its fine arts and science magnet programs, which draw students from across the district. Austin ISD's transfer and magnet system gives families in Cherrywood access to specialized programs beyond just the neighborhood campuses. Several Montessori schools and private options also operate nearby, and the university area provides tutoring and enrichment resources.

The food scene is what puts Cherrywood on the map for people outside the neighborhood. Salty Sow on Manor Road is a gastropub that treats seasonal ingredients with genuine seriousness. Dai Due started as a hunting-and-foraging operation at the farmers' market before opening its butcher shop and restaurant, and it remains one of the most distinctly Texan dining experiences in the city. Cherrywood Coffeehouse anchors the morning routine for much of the neighborhood, serving as an informal community center with live music and local art on the walls. Love Supreme Pizza Bar handles late nights. Mi Madre's has been serving Tex-Mex breakfasts since before the neighborhood was fashionable. For daily life beyond food, Boggy Creek Greenbelt provides a walking and cycling path through the neighborhood, Patterson Park has a pool and playground, and Mueller Lake Park is right next door for larger gatherings and trail runs. The Texas Farmers' Market at Mueller runs year-round on Sundays.

In Austin's market hierarchy, Cherrywood sits between the more expensive Hyde Park to the north and the rapidly changing East Austin neighborhoods to the south. It offers better value than Hyde Park for comparable proximity to UT and downtown, though the lots tend to be slightly smaller. Compared to the Holly and Cesar Chavez corridors of East Austin, Cherrywood feels more established and less in transition. It has a neighborhood identity that has been building for decades rather than one that is still being defined. The Manor Road commercial strip gives it a walkable dining scene that most East Austin residential streets cannot match.

Cherrywood works best for buyers who want central Austin character at a price point below what Hyde Park and Bouldin Creek demand. It is ideal for UT-affiliated professionals, creative types who want to walk to good restaurants, and couples or small families who value neighborhood community over square footage. If you need a large yard or a home over 2,500 square feet, you will likely need to look at new construction, but if you can work within the scale of a 1940s bungalow or a modern infill, Cherrywood delivers a daily experience that is hard to replicate anywhere else in the city.