Rarely does a property offer this much. Nestled in one of Austin's most coveted neighborhoods, this stunning modern home delivers the ultimate 78704 lifestyle - walkable, flexible, and built for the way people actually live. Step outside and everything is there. Zilker Park, the Hike & Bike Trail, Eberly, Uchi, and Austin's best events are all within easy reach. This is one of those addresses people wait years for. Inside, the main house is thoughtfully designed for comfort and versatility. The first-floor primary suite offers true main-level living, while three generously sized upstairs bedrooms - each with bathroom access - provide space for family, guests, or a work-from-home setup. A second living area with a built-in wet bar and an outdoor deck/balcony with sweeping downtown views. The largest upstairs bedroom is configured as a second primary suite, complete with a second laundry hook-up in the closet. The income potential here is exceptional. A fully self-contained apartment above the two-car garage - with its own bedroom, bathroom, full kitchen, living area, laundry, and private screened porch - opens the door to short-term rental income, a long-term tenant, or the perfect private retreat for family or a home office. The property has an established history of successful rentals for both the main house and the apartment. Smart, low-maintenance, and built to last. Solar panels on a metal roof keep energy bills low, while an inline natural gas generator ensures you're never left in the dark. Out front and in the private fenced back yard, lush artificial turf stays pristine year-round - no irrigation headaches, no brown patches, just clean curb appeal in every season. 701 Josephine is more than a home - it's a platform. Live in it fully, offset your mortgage with rental income, or do both. Opportunities like this in Zilker don't come around often.