Awesome host and awesome house! Shane was super easy to work with and was very accommodating. The house itself is perfect for a large group; we slept 9 very comfortably, and having 3 bathrooms for a group that size was clutch. The location is perfect! Very short walking distance to some great places (less than 5 minutes walking), some I recommend are:
1) Quickie Pickie- grab some coffee in the morning (or at night); also a convenient place to pick up some beer/wine/snacks (they also have some great beers on tap)
2) La Barbecue- get there before it opens, take a cooler of beer with you, and wait in line for 2+ hours for some of the best barbecue you'll ever have. Opt for the beef rib. Totally worth the wait and price.
3) Stay Gold- good live music, good food truck, great outdoor space

The house is also within walking distance of a number of other good bars, I really liked Whisler's (awesome Thai food truck outside is a plus) and Yellow Jacket Social (both places are about a 10 minute walk from the house). A little further away but still walkable are Rainey Street (worth a visit) and Dirty Sixth (almost worth a visit if only to witness the spectacle).

You could spend an entire weekend exploring East Austin by foot, but if you need to get out, it's an easy ride to the rest of Austin.

I would 100% recommend Shane's house to anyone spending a weekend in Austin, especially if you have a large group.

tl;dr great house, great host, great location, perfect for larger groups