Located in one of Austin's most storied and sought-after neighborhoods, 1508 Pease Rd offers a rare chance to secure a generous 9,667 sq ft lot in the heart of Old Enfield. Surrounded by grand estates and timeless architecture, this SF-3 zoned property provides endless possibilities for redevelopment or restoration. Whether you envision crafting a custom single-family home or exploring a duplex design to maximize value, the setting is second to none. The existing 1932-built residence-a charming 3-bedroom, 1-bath home-is tucked beneath mature trees and provides a starting point for your architectural imagination. With approved removal of the detached garage and a large tree in the backyard (permits in hand), the lot is ready for transformation. Old Enfield is beloved for its blend of elegance and accessibility-moments from downtown, yet graced with quiet streets, heritage oaks, and a true neighborhood feel. Walk to nearby Pease Park, indulge at Austin's finest restaurants, or simply enjoy the prestige and privacy that come with this iconic address. Properties with this kind of potential in such a prime location rarely come to market-this is your invitation to create something extraordinary. *Back structure has been demoed! Seller has a permit to remove the trees in the backyard.