While most people in Austin are headed North or South in search of affordable housing, I say go West. The older homes in Lakeway are a great value for the money. Take this one for example, sure it needs a bit of updating, but for around the same price as an east Austin tear down you get 3 bedrooms, 2 bathrooms, great atomic ranch architecture and over 1/3 an acre.
Details: 2,424 sq. ft. 3 Bed, 2 Bath
Listing and photos courtesy of Engel & Volkers Austin