Set in the heart of highly sought-after Rollingwood, this exceptional .635-acre property offers a rare opportunity just minutes from downtown Austin. The expansive lot provides an ideal setting for a future luxury build, with the potential to build up to 35 feet from the highest point, maximizing both privacy and downtown views. This homesite stands out as one of the area's most compelling offerings. The existing split-level residence blends mid-century character with thoughtful modern updates. Inside, the home features 5 bedrooms and 3.5 bathrooms, with a vaulted, beamed great room anchored by a striking stone fireplace. The updated kitchen is equipped with granite countertops and stainless steel appliances, flowing into both a formal dining area and a cozy breakfast nook. Improvements, including updated flooring, lighting, paint, and a geothermal HVAC system, enhance the home's overall appeal. The lower level adds versatility with a spacious secondary living area, kitchenette, and direct outdoor access, ideal for guests or multi-generational living. Outside, the property truly shines with abundant green space, a patio for entertaining, and ample room to expand or reimagine. Whether enjoyed as a charming mid-century retreat or re-envisioned into a custom estate that takes full advantage of its premier setting, this Rollingwood property presents a rare blend of location, scale, and future potential. Tax and assessed values are estimates for illustration purposes only. All figures should be independently verified.