Active Listing  ·  54 days on market

1015 Gaston Ave

Austin, TX 78703
$3,995,000
4 Bed 5 Bath 4,546 sqft $879/sqft Built 1937 0.37 acres 1.5-Car Garage Pool Shoal Terrace

Charming Pemberton traditional designed for both comfortable daily living and effortless entertaining. Built in 1937 and perched high above Pease Park on a spacious lot, this timeless residence seamlessly blends classic architecture with generous, light-filled interiors. A welcoming foyer opens to elegant formal living and dining rooms, setting the tone for the home’s warm and inviting spaces. Beyond, a beautifully updated kitchen opens to the main family room and breakfast area, where large windows and doors overlook the backyard and pool. Upstairs, the primary suite features a spacious marble bath and a dedicated study with treetop views. An additional en-suite bedroom, laundry room and upstairs living area connect to two additional bedrooms, a hall bath and a back staircase, creating a thoughtful and functional layout. Outside, enjoy a true backyard oasis with pool and spa, multiple entertaining areas, and an expansive yard stretching down to the park. A rare opportunity to own a beautifully updated classic in one of Austin’s most sought-after neighborhoods. Square footage per Floor Plan Graphics and lot size per TCAD.

At $879/sqft, this home is priced 125% above the Austin active market average of $391/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 $3,995,000
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 $879/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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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
8317 CARRANZO Dr
Amarra Drive
$3,995,000 $963 4 bd / 5 ba 4,150 sqft , 2026-07-20
1700 Buffalo Gap Rd
N/A
$3,999,000 $1,270 3 bd / 4 ba 3,150 sqft , 2026-03-19
2021 Ford St
Sun Terrace
$3,999,000 $949 4 bd / 6 ba 4,213 sqft , 2026-06-18
4101 Spicewood Springs Rd
Mesa Forest Add
$3,990,000 $831 4 bd / 5 ba 4,804 sqft , 2025-11-25
4424 Eck Ln
ECK L T
$3,989,900 $1,032 5 bd / 4 ba 3,866 sqft , 2025-10-03

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
$19,176/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
$799,000
20% conventional investment loan

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

Estimated Gross Rent+$19,176
Principal + Interest−$21,802
Property Tax (~2.1% TX avg)−$6,991
Insurance (~0.5%)−$1,665
Est. Monthly Cash Flow $-11,282

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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