My friends and I stayed at Meg's house for our trip to SXSW. The house is super hip, comfortable, spacious and in a great neighborhood within walking distance of downtown Austin (normally 10-15 minute walk or a 4 minute drive).
We quickly fell in love with the neighborhood and property (especially the outdoor couch that spins!). A few of the best restaurants and food trucks were only a block away, and many small concerts filled the neighborhood with music during the day.
Honestly the neighborhood and house were so fun and pleasant that we sometimes had trouble motivating ourselves to go downtown into the hustle and bustle of SXSW (avoid 6th street as much as possible during SXSW). If given the option to stay downtown or here, I would stay in this neighborhood because it is best of both worlds--spacious and still near to everything.
My friends and I couldn't have asked for a better place to stay for our trip. I would recommend this house to anyone visiting Austin.