Take advantage of this rare opportunity to own one of the most private residences in Central East Austin. This property consists of two tracts (708 Nowotny & 712 Nowotny) and totals nearly 0.60+ acres or 28,000+ square feet. 708 Nowotny is an unimproved tract that is 0.28 acres, and 712 Nowotny includes a charming home on 0.32 acres. Enjoy this incredible compound as a private residence and build an ADU, pool, tennis or pickleball court. Or utilize its endless development potential to sell or develop both tracts in the future. You could also tear down and develop multiple units with the generous 155' of frontage combined on the two tracts. The property is currently platted as two separate SF-3 lots but could be re-platted into at least 3 SF-3 lots, or re-zoned to allow for even more units (buyer to verify). The home on 712 Nowotny exudes charming character and eclectic style boasting original hardwood flooring, a tongue & groove ceiling in the living room, two spacious bedrooms and a well-crafted, updated kitchen and dining area. The bright and airy kitchen features recent cabinets, stainless steel countertops and stainless steel appliances. The thoughtful floor plan is organized to offer multiple entertaining options and great separation between the bedrooms. Relax on one of two screened porches and enjoy the complete privacy and serenity of this hidden gem. Walk to Flitch Coffee, Justine's, Kinda Tropical, Hi Sign Brewing, Pickleball, Austin Bouldering Project and so much more. An opportunity to own this large of a tract on the most private street in 78702 is not something that comes around often, don't miss it!