4319 Airport Blvd, Austin, TX 78722

**MULTIPLE OFFERS RECEIVED*** please submit best and final offer by Tuesday, February 3 at noon. Tucked into the heart of Austin, the neighborhood of Delwood 2-one of Austin’s most charming and tight-knit neighborhoods...this 2-bedroom, 1-bath home blends classic Austin character with exceptional location and future potential. Just blocks from the vibrant, walkable Mueller district and minutes from UT, Dell Children’s and other central hospitals, and downtown, this home offers easy access to trails, shopping, dining, and everyday conveniences while still feeling like a quiet neighborhood retreat with mature towering trees. Inside, the home carries an authentic Austin vibe that's still roomy with 2 living areas, a garage, a shed and outside you’ll find a true backyard oasis with mature landscaping, screened in porch and patio perfect for relaxing, entertaining, or expanding. Both the front and back yards are fully fenced, creating privacy and flexibility for pets, gardening, or outdoor living. The lot offers room to build an ADU, and with Austin’s updated land-use code, there may be potential to redevelop up to three units (buyer to verify zoning and regulations). Delwood 2 is known for its small-community feel and unforgettable character...from the neighborhood’s famous wandering peacocks to its annual Oldest 4th of July Parade in Austin. Residents enjoy walkability to the local elementary school, grocery stores, Mueller amenities, and easy access to the Northwest Greenway trail system. Built with CMU construction dating back to when the airport was nearby, the home offers solid construction rarely found today. An RV currently on the property can be included with the sale, adding even more versatility. Whether you’re looking for a charming primary residence, a future development opportunity, or a long-term investment in one of Austin’s most beloved pockets, this Delwood 2 property is truly something special.

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.