4204 Gregg Ward LN SIGNIFICANT PRICE DROP! Tucked away in the serene, tree-lined neighborhood of Kensington Park in Southeast Austin, this rare property offers nearly an acre of land surrounded by classic mid-century modern homes and just minutes to downtown! The 2, 738 SF residence features a 4-bedroom, 3-bathroom layout, providing a unique blend of charm and potential. On the main level, you’ll find 3 bedrooms, 2 bathrooms, and 2-car garage. The lower level adds versatility with a separate living room, a cozy fireplace, a bedroom, a full bathroom, a kitchenette, and two entrances—one from inside the home and another from the backyard. It's perfect for guest quarters or flexible living arrangements.The home serves as a blank canvas, presenting endless opportunities for a stunning remodel or renovation. It's situated on a picturesque lot with a sprawling green lawn and features numerous outdoor amenities. These include dozens of mature trees, a playful maze, a sparkling pool & cover, a gazebo complete with a bathroom, a fountain, ample storage spaces, and even a spring-fed pond. With plenty of room to play, garden, build or create additional structures, the possibilities are truly limitless. Conveniently located just off Highway 71 and I-35, the property offers easy access to major routes, including 130, 183, 290, Riverside, Airport Boulevard, Congress Avenue, Lamar Boulevard, and Loop 360. It’s just minutes away from the Tesla Gigafactory, Downtown Austin, the University of Texas, Austin-Bergstrom International Airport, Mueller, Lady Bird Lake, and the Medical Center. The area is surrounded by exciting development and entertainment options, including Roy Kizer Golf Course, Pinthouse Brewery, Radio East, Distant Relatives BBQ, The Concourse Project, the St. Elmo District, Circuit of the Americas (COTA), and McKinney Falls State Park. With minimal deed restrictions, this property offers endless potential. Don’t miss the chance to tour this must-see gem! Buyer to verify all information.