4509 MERLE DRIVE, AUSTIN, TX 78745
Homes for sale in Austin.
Homes for sale in 78745.
4509 Merle Drive
Austin, TX 78745
List Price$465,000
Listing #4475028
About This Property
One property. Endless potential. Unlock a rare opportunity in a prime South Austin location! 4509 Merle Street pairs an extensively renovated cottage with rare development and income potential. Set on a generous 0.28-acre lot, this property offers endless possibilities for a range of buyers - homeowners, investors, and developers alike. Live, build, or invest! First-time buyer? Own a charming, move-in-ready home under $500K just four miles from South Congress. Multi-generational living? The cleared rear portion of the lot offers potential for up to two additional dwelling units (ADUs), creating a private family compound. Investor or developer? Add ADUs for three income streams or condoize and sell multiple homes separately. The cottage: Built in 1953, this 1,164-square-foot, 3-bedroom, 1-bath home blends timeless character with modern upgrades. Original hardwood floors, curved archways, and a cozy banquette set the tone, while over $80,000 in improvements deliver peace of mind--updated plumbing, siding, windows, insulation, HVAC, water heater, front porch, and more (detailed list available). The bathroom was fully gutted, expanded and rebuilt in 2025, featuring custom tile, a natural wood vanity, marble countertops, and sleek matte black fixtures for a spa-like feel. The location: Tucked away on a quiet, tree-lined street, yet just minutes to South Congress, South Lamar, downtown, Central Market, and the airport. Opportunities like this don't come around often in South Austin. Come see why this jewel is the perfect place to live, build, or invest! Check out the website for floorplan and survey - https://www.4509merle.com
Open House
Saturday, Feb 7
1:00 PM - 3:00 PM
Property Features
Location Information
County
Travis
Subdivision
Ford Place 01
County
Travis
Directions
Manchaca south from South Lamar. Left at the light on Redd/Western Trails (Joslin Elementary on far corner). Merle is first Right.
Area
10N
Interior Features
Interior
Main Level Primary
Floors
Tile
Primary Bedroom On Main
Yes
Laundry
None
Full Baths
1
Disabled Features
None
Number of Fireplaces
0
Appliances
Free-Standing Range, Stainless Steel Appliance(s)
Fireplace Description
None
Accessibility
None
Heating
Central
Exterior Features
Style
Masonry
Parking Description
Garage Faces Front
Stories
1
Garage Spaces
0
Is New Construction
No
Fencing
Fenced, Wood
Construction/Exterior
Masonry
Lot Size in Acres
0.28
Exterior
None
Waterfront Description
None
Foundation
Pillar/Post/Pier
Has Waterfront
No
Possession
Closing & Funding, Close Of Escrow
Has View
No
Water / Sewer
Public Sewer
View
None
Water
Public
Is One Story
Yes
School
Elementary School District
Austin ISD
Middle School
Covington
Elementary School
Joslin
High School
Crockett
Additional Information
Roof/Attic
Composition
APN
04081204050000
Other Utilities
Electricity Available
Status
Active
Property Type
SFR
Documents Available
Survey
Property SubType
Single Family Residence
Square Feet Source
Public Records
Year Built
1953
Similar Listings
Mortgage Calculator
$2,170
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$1,675
Monthly Tax
$387
Monthly Insurance
$108
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
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