Set in the heart of highly sought-after Rollingwood, this exceptional zero point six three five-acre property offers a rare opportunity just minutes from downtown Austin. The expansive lot provides an ideal setting for a future luxury build, with the potential to build up to thirty-five feet from the highest point, maximizing both privacy and downtown views. This homesite stands out as one of the area's most compelling offerings. The existing split-level residence blends mid-century character with thoughtful modern updates. Inside, the home features five bedrooms and three and a half bathrooms, with a vaulted, beamed great room anchored by a striking stone fireplace. The updated kitchen is equipped with granite countertops and stainless steel appliances, flowing into both a formal dining area and a cozy breakfast nook. Improvements, including updated flooring, lighting, paint, and a geothermal heating, ventilation, and air conditioning system, enhance the home's overall appeal. The lower level adds versatility with a spacious secondary living area, kitchenette, and direct outdoor access, ideal for guests or multi-generational living. Outside, the property truly shines with abundant green space, a patio for entertaining, and ample room to expand or reimagine. Whether enjoyed as a charming mid-century retreat or re-envisioned into a custom estate that takes full advantage of its premier setting, this Rollingwood property presents a rare blend of location, scale, and future potential. Tax and assessed values are estimates for illustration purposes only. All figures should be independently verified.