707 Highland Ave, Austin, TX 78703

Enjoy bright, airy modern bungalow living in this newly renovated West Austin residence, located in one of the city’s most desirable and historic neighborhoods. The home is within walking distance of restaurants, coffee shops, bars, Lady Bird Lake, and Zilker Park, offering an exceptional urban lifestyle in Austin.

The property features two separate units—each 3 bedrooms and 2 bathrooms—with private entrances, totaling 6 bedrooms and 4 bathrooms under one roof. This flexible layout is ideal for multigenerational living, house hacking, or rental use, allowing shared gathering space while maintaining separation. Each unit includes its own living room and kitchen, with a dedicated dining area on the upper level.

The home has been thoughtfully renovated with clean modern finishes, abundant natural light, and well-appointed kitchens with generous counter space, including double islands upstairs. Bedrooms and bathrooms are spacious and functional, designed for both everyday living and entertaining.

A large unfinished basement provides substantial storage and a clear opportunity to finish the space to increase square footage, value, and/or rental income. The property is currently operating as a short-term rental, generating $530,742 in gross revenue over the past three years, with meaningful upside remaining. It may be sold fully turnkey, including all furniture, supplies, listings, professional photography, and future reservations, allowing for a seamless transition for an owner or investor.

*THIS PROPERTY IS PART OF A 5 PROPERTY PORTFOLIO THAT CAN BE SOLD AS A PACKAGE FOR A DISCOUNTED PRICE. ASK LISTING AGENT FOR DETAILS*

A duplex with two full 3 bedroom, 2 bathroom units in Clarksville is the defining advantage here, and 707 Highland Ave puts that flexibility into one of Austin’s most established central neighborhoods. At $1.40M, or $462 per square foot, the property combines 3,031 square feet on a 0.11 acre lot with a use case that is increasingly hard to find in 78703: owner occupancy, multigenerational living, rental income, or a hybrid of all three. It sits in Austin ISD, with Mathews Elementary, O Henry Middle, and Austin High assigned, which matters for buyers weighing long-term hold strategy as much as immediate livability.

The structure dates to 1930, but the current positioning is driven by its renovation and layout rather than vintage alone. Each unit has a private entrance, its own living room, and its own kitchen, which gives the building real operational separation instead of a nominal duplex label. The upper unit adds a dedicated dining area, and the overall plan supports shared ownership or offset-income scenarios without forcing compromise in day to day function. The unfinished basement is another material factor. In a property already producing usable square footage, substantial storage or future finish-out potential can change the economics over time in a way buyers should not ignore.

The location case is equally straightforward. The remarks point to walkable access to restaurants, coffee shops, and bars, along with proximity to Lady Bird Lake and Zilker Park. In this part of West Austin, that combination has value because it supports both resident demand and rental appeal without relying on speculative future improvements. Days on market at 68 suggest buyers have had time to evaluate the opportunity, which can be useful when underwriting a property with more than one path to value.

Income history gives this asset another layer of relevance. The property is currently operating as a short-term rental and has generated $530,742 in gross revenue over the past three years, with the option to transfer furniture, supplies, listings, photography, and future reservations. That does not make the decision simple, but it does make the business case concrete. For a buyer who understands central Austin scarcity, school path, and flexible residential income product, 707 Highland Ave is less about generic charm and more about control over multiple exit strategies in a tightly held 78703 location.

Clarksville is Austin's most walkable luxury neighborhood — a historic freedman's town founded in 1871, now in 78703, five minutes on foot from downtown. Median home price $2.2M. Austin ISD schools (Casis Elementary, O. Henry Middle, Austin High). One of the only Austin neighborhoods where you can walk to fine dining, trails, and downtown without getting in a car.

The housing stock reflects 150 years of history. Original shotgun cottages and bungalows from the early 1900s sit alongside contemporary new builds and sensitive renovations on lots ranging from 0.1 to 0.25 acres. The neighborhood's historic designation (National Register) means you'll see period architecture preserved next to modern infill. Teardown lots trade at $800K-$1.5M for land alone.

West Lynn Street is the commercial spine — Medici coffee, Cipollina wood-fired pizza, Jeffrey's fine dining, Josephine House, and Bar Peached are all within a few blocks. Pease Park and Shoal Creek Trail border the east side. The Whole Foods flagship at 6th and Lamar is a 10-minute walk.

What makes Clarksville distinct: the combination of walkable daily life, historic character, and proximity to downtown that no other Austin neighborhood matches. The tradeoff is small lots, limited parking, and premium pricing for the location. Buyers here are paying for a lifestyle that doesn't require a car.