Active Listing  ·  414 days on market

1017 W 31st St

Austin, TX 78705
$725,000
2 Bed 2 Bath 1,380 sqft $525/sqft Built 1939 0.17 acres 2-Car Garage Pool Jones & Sedwick

Opportunity abounds at this classic Bryker Woods property, offered as a prime canvas to update, expand, or completely transform to your personal vision. Nestled on a lush, shaded .171-acre lot framed by mature trees, the home offers fantastic potential to build equity in one of Central Austin’s most sought-after historic neighborhoods. Enjoy an ideal location just steps from Shoal Creek’s walking paths and minutes from the shops, dining, and parks along North Lamar and 26 Doors. Whether you're looking to execute a thoughtful renovation or reimagine the existing footprint, this residence provides an exceptional foundation in a prized location. Tax and assessed values are estimates for illustration purposes only. All figures should be independently verified.

At $525/sqft, this home is priced 34% 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

1017 W 31st St, Austin, TX 78705

Property Details

Price $725,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,380 sqft
Lot Size 0.17 acres (7,426.98 sqft)
Year Built 1939
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Jones & Sedwick
County Travis
Zip Code 78705
$/sqft $525/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $13,034
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT203882567
List Date August 20, 2025
Elementary School Bryker Woods
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 · August 20, 2025 $950,000
Previous ask $845,000
Current ask $725,000
▼ Reduced $225,000 (-23.7%) 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
1807 W 38th St
Oakmont Heights
$750,000 $646 3 bd / 2 ba 1,161 sqft , 2026-08-07
2822 Wooldridge Dr #B
Pemberton Heights
$840,000 $575 2 bd / 3 ba 1,460 sqft , 2026-10-05
1806 Mohle Dr
Brykerwoods C
$850,000 $842 2 bd / 1 ba 1,009 sqft , 2026-10-05
3200 Grandview St #11
Verdance Condo
$589,000 $323 1 bd / 2 ba 1,826 sqft , 2026-10-06
2410 Dormarion Ln
Tarry Town 05
$869,000 $574 2 bd / 2 ba 1,513 sqft , 2026-09-30

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
$3,480/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
$145,000
20% conventional investment loan

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

Estimated Gross Rent+$3,480
Principal + Interest−$3,957
Property Tax (~2.1% TX avg)−$1,269
Insurance (~0.5%)−$302
Est. Monthly Cash Flow $-2,048

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 25, 2026.

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