Diane Drive, Austin, TX

$950,000

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0.31

Acres

About Diane Drive

Income-Producing South Austin Compound with Redevelopment Potential Discover a rare opportunity in one of South Austin’s most vibrant and connected neighborhoods. This income-producing compound on an oversized corner lot generates up to $4,800 per month and is zoned SF-3, falling under the new City of Austin HOME Phase 2 zoning regulations for 1,800 sqft lots — offering the potential for 7 lots (Buyer to verify). Whether you’re an investor seeking strong rental income or a developer exploring future possibilities, this property delivers both versatility and value. The front 2-bedroom, 2-bath home offers comfortable living with charm and functionality, while the back building includes two 1-bedroom, 1-bath apartments. The upstairs apartment features a private deck tucked among mature trees, giving it a unique, treehouse-like vibe that tenants love. Enjoy a prime South Austin location where everything you love is just minutes away — walk or bike to El Chilito, Randall’s Grocery, and Radio Coffee & Beer, or take a quick 10-minute drive to Downtown Austin, Zilker Park, Barton Springs, and the Barton Creek Greenbelt. This is a one-of-a-kind investment with endless potential in the heart of Austin’s coolest corridor.

Features of Diane Drive

MLS® # 7295099
Price $950,000
Acres 0.31
Year Built 1981
Type Commercial
Sub-Type Other
Status Active

Community Information

Address Diane Drive
Area 10N
Subdivision Ford Place 2
City Austin
County Travis
State TX
Zip Code 78745

Amenities

Utilities Electricity Available, Natural Gas Available
Parking Off Street, See Remarks
View Neighborhood, Panoramic
Is Waterfront No
Has Pool No

Interior

Interior Parquet, Vinyl, Wood
Heating Natural Gas, Wall Furnace
Fireplace No

Exterior

Construction Frame
Foundation Pillar/Post/Pier

Additional Information

Date Listed December 10th, 2025
Days on Market 286
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeKeller Williams Realty
Contact Info(512) 751-6060

Listing Map

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