Experience a rare opportunity to live in Pemberton Heights at this private hideaway, tucked away on a private no-through street in the heart of Austin. With 0.59 acres across the street from Pease Park, this lot provides a wonderful opportunity to either update and expand the existing vintage custom cottage or build your dream home on a site that offers potential 2nd story views to Shoal Creek Trail. Conceptual floor plans completed by architect are available in the documents, providing an opportunity for you to fully imagine either scenario. You are welcomed to the property with an elevated procession that leads to the spacious, yet intimate home that is nestled between the shade of several beautiful, mature trees. The living area offers a brick fireplace, hardwood floors, two built-in shelving, and two sets of Anderson Atrium Doors that open to a large, private deck. A bonus room offers additional flex space for a home office or 4th bedroom. Pease Park provides 84 acres of parkland, with connections to Shoal Creek Hike and Bike Trail and plenty of amenities within Kingsbury Commons, a 7 acre revitalization project completed in 2021. Enjoy access to splash pad, unique Treehouse Observation Pod, the nature play area, state-of-the-art playground equipment, and high school regulation-size basketball court. With a location in the heart of Austin, walk or bike to plenty of coffee shops, restaurants, and more with Clarksville just less than 1 mile away and Downtown Austin within 1.6 miles. Mopac Expy provides access to North or South Austin within minutes. Extra parking across private street. **Buyer should consult with the city on development permitting options & requirements. Conceptual documents are provided for reference only.** Come see it today!