$670,000
1202 Loma Dr, Austin, TX, 78741
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About this property
Incredible opportunity to own a unique property near downtown Austin featuring two fully equipped and beautifully maintained homes on one spacious 8,000 sqft lot zoned SF3/duplex. The main home offers 2 bedrooms and 1 bathroom with tall ceilings, a spacious living area, and a generous kitchen, while the second home is a full 1 bedroom, 1 bathroom guest house, perfect for rental income, guests, or extended family. Both homes are in excellent condition and offer great flexibility for either owner-occupants looking to live in one and rent the other, or investors seeking to lease both. The location provides unbeatable proximity to downtown, Lady Bird Lake, and all the best of Austin living, while the zoning allows for future development potential, including the option to scrape and build up to three new units with potential for expansive views of the downtown skyline and lake. Whether you're looking for a move-in-ready home with income potential, a buy-and-hold investment, or a rare development opportunity in a prime location, this property delivers exceptional value and versatility.
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Learn About the Market: Opportunity in Austin




Explore
Austin
Austin may be the Live Music Capital of the World, but it’s also one of America’s fastest-growing innovation hubs. Fueled by tech expansion, the University of Texas, state government, and a steady influx of new residents, Austin blends startup energy with Hill Country charm.
From downtown high-rises overlooking Lady Bird Lake to booming suburbs like Round Rock and Leander, the region attracts younger professionals, entrepreneurs, and remote workers seeking opportunity with lifestyle. Austin isn’t just growing — it’s redefining what modern Texas looks like.
Population Growth
~0.4%
Net Migration
Positive
Median Home Price
$555,300
Unemployment Rate
3.20%
Price Trend
~0.4% YoY growth
New Permits
2,269 units
City: Austin
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