Active Listing  ·  103 days on market

1015 Gaston Ave

Austin, TX 78703
$3,895,000
4 Bed 5 Bath 4,546 sqft $857/sqft Built 1937 0.37 acres 1.5-Car Garage Pool Shoal Terrace

Timeless Pemberton charm meets gracious, modern living in this beautifully updated 1937 traditional, ideally situated on a spacious lot overlooking Pease Park. Perched high among the trees, the home offers an exceptional sense of privacy while remaining warm and inviting. A welcoming foyer introduces formal living and dining rooms and the updated kitchen opens seamlessly to the family room and breakfast area. Walls of windows and doors frame views of the backyard and pool. Upstairs, the comfortable primary suite features a marble bath and private study with treetop views. An additional en-suite bedroom, laundry room, and upstairs living area connect to two additional bedrooms, a hall bath, and back staircase, creating a thoughtful layout. Outdoors, a private retreat awaits with a pool and spa, multiple entertaining areas, and a generous lot extending beyond the pool to a turf lawn below. A rare opportunity to enjoy timeless architecture, ample living spaces, and an extraordinary setting in one of Austin’s most sought-after neighborhoods.

At $857/sqft, this home is priced 119% 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

1015 Gaston Ave, Austin, TX 78703

Property Details

Price $3,895,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 2
Living Area 4,546 sqft
Lot Size 0.37 acres (16,199.96 sqft)
Year Built 1937
Garage 1.5 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Shoal Terrace
County Travis
Zip Code 78703
$/sqft $857/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $50,731.48
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT232499138
List Date June 11, 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.

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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 · June 11, 2026 $3,995,000
Current ask $3,895,000
Reduced $100,000 (-2.5%) 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
2300 Westover Rd
Brown Herman Add
$3,950,000 $943 5 bd / 5 ba 4,190 sqft , 2026-09-15
2412 Jarratt Ave
Pemberton Heights Sec 01
$3,750,000 $756 5 bd / 6 ba 4,962 sqft , 2026-08-20
1202 Belmont Pkwy
Belmont
$3,495,000 $862 5 bd / 3 ba 4,054 sqft , 2026-08-19
3015 Washington Sq
Washington Square
$3,349,000 $1,064 4 bd / 6 ba 3,148 sqft , 2026-02-27
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
$18,696/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
$779,000
20% conventional investment loan

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

Estimated Gross Rent+$18,696
Principal + Interest−$21,257
Property Tax (~2.1% TX avg)−$6,816
Insurance (~0.5%)−$1,623
Est. Monthly Cash Flow $-11,000

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

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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 22, 2026.

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