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 560-sqft 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.