Welcome to the Bungalow on Balcones! Discover an incredible opportunity to own a charming 3BR, 2BA bungalow in the highly desirable Highland Park West neighborhood. This home offers a perfect blend of comfort and convenience located just across the street from Russell's Bakery and a stone's throw away from Highland Park Elementary, Perry Park, Juiceland, Chez Zee, Yamas Greek Kitchen, Randall's, Starbucks, and more. Embrace the walkable lifestyle and get into one of Austin's most sought-after neighborhoods at a price point rarely offered. 5101 Balcones Drive combines historic character with a functional floor plan. Enjoy a large kitchen with island seating, a light-filled living area, and an extra dining space. The primary suite showcases vaulted wood ceilings and an en-suite bathroom. Unwind on the brand-new front porch, the perfect spot to sip your morning coffee or an evening glass of wine overlooking the comings and goings of this special part of Austin. A huge side yard is full of possibilities. The property is situated on a large corner lot, just under 1/4 of an acre and also offers great redevelopment potential. It is zoned SF-3, allowing for possible Duplex development. Over $90K invested in recent updates and improvements!