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Date: 08/30/2026
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501 Thelma Dr

Olmos Park, TX 78212

About this property

Mid-century home set within the quiet, established fabric of Olmos Park and zoned to Alamo Heights ISD - where space, privacy, and flexibility align across an expansive lot. The main residence offers three bedrooms and two bathrooms, arranged with a practical, intuitive flow. Natural light carries through the interiors, with living spaces opening outward to the grounds, allowing the home to extend beyond its walls in a way true to its era. The lot defines the experience. Generous in scale, it allows for expansion, reconfiguration, or preservation as open space. Mature surroundings frame the property, creating a sense of separation that is increasingly difficult to replicate. A detached guest house introduces a second layer of utility - well suited for visitors, or workspace - complete with a full bath, kitchen, and laundry area, and positioned to function without disrupting the privacy of the main residence. Set within one of the area's most consistent and sought-after neighborhoods, 501 Thelma Dr presents a direct proposition: land, location, and optionality.

About this property

Mid-century home set within the quiet, established fabric of Olmos Park and zoned to Alamo Heights ISD - where space, privacy, and flexibility align across an expansive lot. The main residence offers three bedrooms and two bathrooms, arranged with a practical, intuitive flow. Natural light carries through the interiors, with living spaces opening outward to the grounds, allowing the home to extend beyond its walls in a way true to its era. The lot defines the experience. Generous in scale, it allows for expansion, reconfiguration, or preservation as open space. Mature surroundings frame the property, creating a sense of separation that is increasingly difficult to replicate. A detached guest house introduces a second layer of utility - well suited for visitors, or workspace - complete with a full bath, kitchen, and laundry area, and positioned to function without disrupting the privacy of the main residence. Set within one of the area's most consistent and sought-after neighborhoods, 501 Thelma Dr presents a direct proposition: land, location, and optionality.

Features and Additional Information

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$878,000 Back On Market
3 Bed(s)
2
Baths
1,909 sqft

Presented By Coldwell Banker Commercial Gateway

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Get in touch today! Phone: 1-956-937-2930
Brokerage
Phyllis Browning Company
1-210-824-7878
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Area Information

Bexar | Bexar County | OLMOS PARK

$ 878,000
This listing is play_arrow 12.1% lower than the average in the area
$ 999,000 in the area
1,909 SqFt
This listing is play_arrow 41.2% smaller than the average in the area
3,248 SqFt in the area
$ 460 $/SqFt
This listing is play_arrow 49.5% more than the average in the area
$ 308 $/SqFt in the area
125 days on site
This listing is play_arrow 12.6% above the average in the area
111 days on site in the area

Schools in the Area

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    Elementary School
    Cambridge
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    Middle School
    Alamo Heights
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    High School
    Alamo Heights

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Listed By Ignacio Garcia
Brokerage: Phyllis Browning Company

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