Set on a prominent corner lot in Sherwood Oaks, just across from St. Edward's University, this property offers flexibility that's getting harder to find in 78704. Keep it as-is, update over time, lease it out, or start fresh with a permitted new build. The previous demo and build permits have expired but easy resubmission. Call agent with questions. The existing home is a 4-bedroom, 2-bath with two living areas and a layout that lends itself well to roommates, multi-generational living, or steady rental income. Vintage baths, clean interiors, and recent refreshes make it immediately livable, while still leaving room to add value. A detached office/study creates separation that's useful for work or guests, and the side-entry gated parking off Little John Ln keeps things functional without taking over the front of the home. The lot is the real asset-large, shaded by mature oaks, and positioned for privacy despite its central location. Covered carport with storage, xeriscaped yard, and walkable access to nearby parks, dining, and everyday spots make it easy to rent or enjoy now. For those looking at long-term upside, the property also comes with a previously fully permitted, design-forward plan by CoXist Studio-known for clean, modern architecture that prioritizes light, volume, and connection to outdoor space. No guesswork, no delays-plans are in place and ready to move forward: TO BE BUILT. Price is for lot and plans designed by CoXist. Plans and demolition permit have been previously approved by the City of Austin. RARE OPPORTUNITY! See other listing at MLS# 6138704