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Crystal Olenbush

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• 1304 Rio Grande Street

• $3,900,000 NEW
• 11 Beds, 7 Bath, 5022 SQ. Feet, 0.20 Acres Residential Austin, TX 78701

Discover a beautifully transformed 1916 downtown mansion that perfectly blends historic charm with modern sophistication. Located just blocks from the Texas State Capitol in the prestigious Judges Hill Neighborhood, this ±6,000 SF property offers unparalleled potential. Currently operated as a luxury short-term rental, the building features 7 unique suites, including 4 extra-large units with two sleeping areas each, a spacious junior suite, and two queen rooms, capable of accommodating up to 24 guests. The property boasts distinctive artwork by local artists, enhancing the aesthetic appeal of each room. Recently rezoned to DMU (Downtown Mixed Use), the property offers a wide range of potential uses, including boutique hotel, medical or wellness center, senior living, creative office, or even a dream downtown residence. In addition to the existing luxurious spaces, the third floor and rear ~250 SF addition with soaring ceilings are unfinished, offering an incredible opportunity to expand the usable square footage by over 1,200 SF, further increasing the property's value and flexibility. The building blends original historic elements with a fully modernized interior, including all-new utilities, systems, and finishes, making it a turn-key investment or a unique, stylish place to call home. The property also includes a private parking lot with six dedicated spaces, adding even more value to this rare opportunity. Whether you're looking to capitalize on Austin's thriving real estate market, expand the property’s potential, or create your own downtown mini mansion, this property delivers location, character, and unmatched flexibility.