5203 Valley Oak Dr, Austin, TX 78731

Situated on an extra-deep 0.2624-acre lot, this 2-bedroom, 2-bath bungalow offers a rare opportunity in one of Central Austin’s most desirable pockets. Just across Hancock - literally at the end of the street - you’ll find some of the area’s most impressive multi-million-dollar homes, making this property an ideal entry point into the neighborhood. The existing 1,272 sq ft bungalow is comfortable and livable, offering a functional layout, a welcoming back porch, and a spacious fenced yard shaded by mature trees. Whether you’re looking for a charming home to enjoy as-is, a renovation project, or the perfect site to build something new, the lot provides the space and flexibility to make it your own. The extra-large, deep lot is the real highlight, creating endless possibilities for expansion, outdoor living, or future redevelopment - an increasingly rare find in this part of Austin. Enjoy the convenience of Central Austin living, with easy access to parks, local favorites, shopping, dining, and major commuter routes, all while being tucked into a quiet residential street surrounded by high-end homes. Opportunities like this - large lot, prime location, and multiple paths forward- don’t come along often.