Located in the heart of Zilker, this property offers a rare combination of current livability and exceptional development potential. The main residence is a charming 780 sq ft, 2-bedroom, 1-bathroom home that has recently been enhanced with new plumbing (2023), full reinsulation (2022), a new water heater (2023), and updated bedroom flooring (2025). The 462 sq ft ADU features 1 bedroom and 1.5 baths, providing immediate short-term rental income with significant recent upgrades, including a new tankless water heater (2021), a ductless AC unit (2023), and a newly replaced rooftop deck (2024) with 30-year warranty siding (2025). Both structures feature custom cabinetry built between 2018 and 2025, offering versatile spaces like a private garage office and a fully private guest apartment. Just steps from Barton Springs and Zilker Park, this is a prime opportunity to own a meticulously maintained income-producing property or create a landmark residence in Austin's most sought-after neighborhood.