Austin, TX 78741 1603 Taylor Gaines St

Prime East Austin redevelopment opportunity - a rare double lot with dual street access, elevated hilltop setting, and sweeping downtown views. Spanning over half an acre, this unique property offers exceptional potential for new construction, multi-unit development, or the creation of a signature urban compound. The dual-access configuration enhances design flexibility and maximizes build options; A rarity in this highly sought-after location. Currently, the property features a beautifully remodeled 1910 farmhouse and a detached 900 SF apartment above a large garage. These existing improvements provide immediate value, rental income, and flexibility while planning future development. Hold as an investment, generate income, or reimagine the site as a premier East Austin address. The possibilities are wide open. Located just minutes from Downtown Austin, SoCo, and Lady Bird Lake, this double-lot hilltop offers the perfect balance of location, scale, and skyline views — an unmatched opportunity for developers, investors, or visionaries ready to shape East Austin’s next landmark.