Amazing 1950's mid century classic home on one of the largest & most amazing lots backing to Shoal Creek! This .45 acre lot is extremely rare& allows so many possibilities to remodel or redevelop into a true oasis overlooking the gorgeous backdrop of the highly coveted Shoal Creek greenbelt. This lot is a once in a lifetime shot at building the home of your dreams in one of the best neighborhoods in all of Central Austin. The lot extends well past the fence, all the way down the tiered &beautifully lush hill w your own private access to Shoal Creek. There are many flat cleared spaces to explore & enjoy the peaceful nature that this lot holds. There are endless possibilities for building opportunities. Seriously, look at the comps on what a 2500 to 3000 sqft home will bring and those sold homes are not on a lot anywhere near this caliber. This location is perfect for urban living while having the feeling that you are surrounded by a lush nature preserve that only a rare few get to experience. Walking distance to the new 16 acre park in the Grove, bike to all of the neighborhood coffee shops & bakeries & only a 5 min Uber ride to Downtown Austin/UT/Ladybird Lake & all the unbelievable culture & world class restaurants that this neighborhood has to offer! There are a lovely set of tenants that have a few months remaining on their lease through 8/30/22 paying $2795 mo. They would be happy to stay & generate revenue while permits or plans are gathered to make it a perfect home for you but that is open for discussion. The bottom of the property is of course in the flood plain b/c of the creek but no portion of the lot inside the fence is in it so no flood insurance was required. You can use the entire lot to calculate building ratios so the possibilities are amazing for creativity on what to build! I can picture a gorgeous home customized to what ever your tastes are w a pool over looking the secluded lush landscaping while taking in all of the amazing creekside views!