Terrace Park Real Estate

Terrace Park Real Estate

Welcome to Terrace Park, a charming subdivision nestled in the heart of Austin, Texas. This vibrant community offers a perfect blend of modern amenities and natural beauty, making it an ideal place to call home.

Located in Travis County, Terrace Park provides residents with easy access to all the conveniences of city living while still maintaining a sense of peaceful seclusion. The neighborhood is known for its well-manicured streets, lush green spaces, and friendly atmosphere, creating a welcoming environment for families, young professionals, and retirees alike.

Residents of Terrace Park enjoy a variety of local amenities, including nearby parks, shopping centers, and top-rated schools. With its convenient location just a short drive from downtown Austin, homeowners have quick access to the city's eclectic mix of restaurants, shops, and entertainment options.

Whether you're looking to settle down and raise a family or seeking a peaceful retreat from the hustle and bustle of city life, Terrace Park offers the perfect balance of comfort and convenience. Come explore all that this wonderful community has to offer and discover why so many people are proud to call Terrace Park home.

Newest Listings in Terrace Park

$1,750,000
4 Beds ⋅ 4 Baths ⋅ 8554964 MLS
Rooted in history, Clarksville remains one of Austin’s most historically significant neighborhoods. Set beneath a canopy of mature trees, it retains the long gallery porch, original hardwood floors and Craftsman millwork that have defined the home for nearly a century, while thoughtful updates add modern convenience without stripping away its personality. Multiple living and dining areas allow the floor plan to flex from one need to the next. Large windows draw natural light from room to room, and a brick fireplace and built-ins give the second living area a character of its own. The kitchen continues the flow with granite countertops, SS appliances and a breakfast bar, opening to a casual dining nook wrapped in windows. Nearby, a dedicated office provides a separate place to work without taking over another room. On the main level, the primary suite is set apart with a walk-in closet and fully renovated ensuite, while two well-sized bedrooms upstairs share an updated marble-accented bathroom. The property’s flexibility continues beyond the main residence with a separate one-bedroom apartment. Complete with its own living area, kitchen and full bathroom, it can accommodate longer-term guests, a private work setup, a creative studio or an entirely separate living space. Outside, decks, patios and mature landscaping connect the two residences, with full irrigation and ample storage handling the practical side of city living. Just beyond the front door, Clarksville makes it easy to build plans around walking rather than parking. Coffee at Better Half, oysters at Clark’s, dinner at Nightcap or margaritas beneath El Arroyo’s famous sign are all a short walk away. West 6th, downtown, Whole Foods, Pease Park and Lady Bird Lake are also nearby, keeping the rest of Austin within easy reach. This home doesn’t borrow its sense of place from a design trend. It comes from nearly a century of history, preserved architecture and a Clarksville address best experienced on foot.

617 Oakland Ave, Austin

Listing courtesy of Compass RE Texas, LLC. Contact: (512) 529-5476
$1,325,000
6572254 MLS
An exceptional investment opportunity in the heart of Clarksville, one of Austin’s most charming and sought-after neighborhoods. This well-positioned fourplex with alley access offers a unique combination of income-producing potential, flexible use, and redevelopment opportunity, making it an attractive option for investors, homestead, or developers. Currently operating as a mix of short-term and long-term rentals, providing immediate income potential while allowing a new owner the flexibility to optimize the existing rental strategy. Clarksville offers a blend of historic charm, mature trees, walkability, dining, shopping, entertainment, parks and just minutes to Downtown.

614 Highland Ave, Austin

Listing courtesy of Allure Real Estate. Contact: (512) 518-0008
$1,399,000
4200393 MLS
Enjoy bright, airy modern bungalow living in this newly renovated West Austin residence, located in one of the city’s most desirable and historic neighborhoods. The home is within walking distance of restaurants, coffee shops, bars, Lady Bird Lake, and Zilker Park, offering an exceptional urban lifestyle in Austin. The property features two separate units—each 3 bedrooms and 2 bathrooms—with private entrances, totaling 6 bedrooms and 4 bathrooms under one roof. This flexible layout is ideal for multigenerational living, house hacking, or rental use, allowing shared gathering space while maintaining separation. Each unit includes its own living room and kitchen, with a dedicated dining area on the upper level. The home has been thoughtfully renovated with clean modern finishes, abundant natural light, and well-appointed kitchens with generous counter space, including double islands upstairs. Bedrooms and bathrooms are spacious and functional, designed for both everyday living and entertaining. A large unfinished basement provides substantial storage and a clear opportunity to finish the space to increase square footage, value, and/or rental income. The property is currently operating as a short-term rental, generating $530,742 in gross revenue over the past three years, with meaningful upside remaining. It may be sold fully turnkey, including all furniture, supplies, listings, professional photography, and future reservations, allowing for a seamless transition for an owner or investor. *THIS PROPERTY IS PART OF A 5 PROPERTY PORTFOLIO THAT CAN BE SOLD AS A PACKAGE FOR A DISCOUNTED PRICE. ASK LISTING AGENT FOR DETAILS*

707 Highland Ave, Austin

Listing courtesy of Compass RE Texas, LLC. Contact: (512) 633-0864
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