Active Listing  ·  74 days on market

1012 Gaston Ave

Austin, TX 78703
$6,445,000
5 Bed 5 Bath 4,647 sqft $1,387/sqft Built 1940 0.37 acres 2-Car Garage Pool New Construction Shoal Terrace

Welcome to The Arbor House, an extraordinary modern residence in the heart of Pemberton Heights, overlooking Shoal Creek with private access to Pease Park and the Shoal Creek Trail. Just minutes from Downtown Austin, Clarksville, Tarrytown, The University of Texas, Lady Bird Lake, and premier dining and shopping, this architectural masterpiece offers an unmatched blend of design, privacy, and location. Designed by renowned architect Sam Burch, built by Risinger Build, and developed by Kalantari Group, the home showcases timeless architecture and exceptional craftsmanship. A dramatic dual-sided Presidio glass entry opens to light-filled interiors with soaring ceilings, expansive walls of glass, wide-plank white oak floors, and designer finishes. The chef's kitchen features reclaimed white oak cabinetry, soapstone countertops, a 48-inch Bertazzoni range, premium integrated appliances, an elegant wet bar with viola marble and brass accents, plus a spacious butler's pantry. The primary suite overlooks the heritage oak canopy and Shoal Creek with a spa-inspired marble bath, soaking tub, oversized walk-in closet, and private balcony. An upstairs flex space serves as a media room, office, gym, playroom, or additional living area. Recent improvements include redesigned landscaping, expanded planting beds, privacy trees, and a custom steel front gate. A resort-style pool is under construction, complementing the screened porch, outdoor kitchen, and multiple entertaining spaces beneath the mature oaks. Few homes combine direct park frontage, private trail access, architectural pedigree, and walkability while remaining moments from Austin's most desirable destinations. The Arbor House is a rare opportunity to own one of Central Austin's premier luxury residences.

At $1,387/sqft, this home is priced 254% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1012 Gaston Ave, Austin, TX 78703

Property Details

Price $6,445,000
Status Active Listing
Beds 5
Full Baths 4
Half Baths 1
Living Area 4,647 sqft
Lot Size 0.37 acres (16,117.2 sqft)
Year Built 1940
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Shoal Terrace
County Travis
Zip Code 78703
$/sqft $1,387/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $65,656.7
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT238456803
List Date July 10, 2026
Elementary School Casis
Middle School O Henry
High School Austin
School District ,

Luke Allen (TREC #788149) has deep knowledge of Austin and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

Schedule a Call →

Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · July 10, 2026 $6,495,000
Current ask $6,445,000
Reduced $50,000 (-0.8%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

Similar Homes on the Market in Austin

Comparable Listings Right Now

Homes currently for sale in Austin with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
2308 Hartford Rd
Sunset Hill Enfield 02
$6,995,000 $1,320 5 bd / 7 ba 5,300 sqft , 2026-08-25
1500 Wooldridge Dr
Pemberton Heights Sec 01
$4,495,000 $897 5 bd / 6 ba 5,010 sqft , 2026-09-09

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$30,936/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$1,289,000
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$30,936
Principal + Interest−$35,173
Property Tax (~2.1% TX avg)−$11,279
Insurance (~0.5%)−$2,685
Est. Monthly Cash Flow $-18,201

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Austin, TX

Austin sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

More Luxury Homes in Austin

Loading…
View All Luxury Homes →
About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on September 18, 2026.

📞 (254) 718-2567 [email protected] More about Luke →