Eclectic Central Austin is located just north and south of the University of Texas at Austin campus, and is home to everything from country bars and record shops to cutting-edge restaurants and lounges. Situated between I35 and Lake Austin, Lady Bird Lake and 2222. Homes located in Central Austin give residents the convenience of the city and the comfort of a smaller community. It consists of established neighborhoods, charming homes and great schools. Located just minutes from Austin's legendary downtown entertainment district, Lady Bird Lake, and University of Texas college campus, the Central Austin area holds true to its name; it is literally located in the middle of everything and anything Austin. Central Austin has homes for just about every taste and style.