2 Luxury Homes on 1 Lot in 78704! Act Fast at this New Price! This is a rare opportunity to own a turnkey, design-forward compound in one of Austin’s most iconic neighborhoods. Fully gated, this rare compound offers 2 beautifully designed stand-alone homes on a single property, with iconic views of downtown Austin. With over 800+sf of outdoor living space, there is no shortage of entertaining areas. Perfect for multi-generational living or as a high-performing investment opportunity, this property offers ultimate versatility, style, and prime Austin living, all just minutes from Zilker Park, Barton Springs, SoCo, SoLa, and Downtown! Unit A features 4BD/3.5BA and 2,375 sq ft of luxury living space, including a 3rd-floor flex living area with prime downtown views and a full bath. Enjoy the stunning gourmet kitchen and luxury main-floor owner’s suite with a spa-like bathroom. At the back of the property, Unit B is furnished and serves as a licensed STR, and conservatively brings in $83K+ a year, with all 5-star guest reviews. This unit offers 2BD/2.5BA and 1,060 sq ft of living space with a private 250 sq ft balcony off the primary bedroom. Perfect for guests, in-laws, office, or the fantastic income potential. Each home boasts special architectural design and a standing seam metal roof. Both units maximize every inch of space with sophisticated floor plans and oversized windows that showcase the outdoor living spaces and bring in abundant natural light. Luxury finishes throughout each home include Milgard windows & sliders, Athens white oak wide plank wood flooring, foam insulation, recessed lighting, modern fixtures, state-of-the-art stainless appliances (Bosch, Thermador, and Bertazzini), and so much more. Both units also feature magnificent outdoor living spaces for entertaining. The entire property features elegant professional landscaping, sustainable xeriscape, designer patios, grassy areas, and even room for a pool!