Welcome home to Historic Olmos Park Terrace! This 1940 stone cottage originally served as an H.C. Thorman model home. Today, behind its historic exterior lies a new interior with high-end modern finishes. This 2530 sq ft single-story home has undergone extensive renovations, inside and out. You will love the spacious rooms filled with natural light, an elegant fireplace, new wide plank flooring (no carpet!), and the peace of mind that comes with new electrical, plumbing, and HVAC systems. The new kitchen boasts quartz countertops and backsplash, an oversized island, and shaker cabinetry with under-cabinet lighting. Both bathrooms feature floating vanities with dual sinks and quartz countertops, glass enclosures, oversized Schluter-trimmed shampoo niches, and Euro-inspired handheld sprayers, plus a luxurious rain showerhead in the primary bath. A standout feature of this property is the huge, fully finished and conditioned multi-use flex space with vaulted ceilings. Perfect for a game room, home gym, or art studio, the flexible footprint offers potential for a future multi-generational guest wing. Just outside, the attached, unconditioned storage room with exterior access provides convenient storage as-is while offering unique potential to expand the 4th bedroom or flex space, or even to convert it into a future outdoor pool bath or private sauna. The backyard entertaining space features a covered deck perfect for hosting parties or unwinding after a long day. This home sits on 0.34 acres, providing plenty of space for your four-legged friends and a future pool or casita. Just around the corner, you will find Triangle Park, with a community garden, a gazebo, and picnic tables. Olmos Park Terrace is home to the annual Uptown Art Stroll, where talented local artists gather every November to exhibit their work. A major advantage of this property is that the new owner will pay NO CITY PROPERTY TAXES for the next 5 years, offering significant long-term savings! Don't miss this opportunity to own a true piece of history in a charming neighborhood.