About This Home

Imagine building your custom dream home in the heart of South Austin's coveted 78704.

Located on an SF-3 zoned lot surrounded by beautiful new construction homes, 1102 Southwood Rd offers a rare opportunity to create a one-of-a-kind residence with downtown views. Just steps from the South Austin Neighborhood Park, you'll enjoy easy access to pickleball courts, tennis courts, a dog park, playgrounds, and green space right outside your door.

The location is what truly sets this property apart. Walk or bike to local favorites including De Nada Cantina, Matt's El Rancho, Thai Fresh, Elizabeth Street Cafe, and many of South Austin's most beloved restaurants, coffee shops, and entertainment destinations.

At $415/sqft, this home is priced 6% 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

1102 Southwood Rd, Austin, TX 78704

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Property Details

Price $650,000

Status Active Listing

Beds 3

Full Baths 1

Half Baths ,

Living Area 1,567 sqft

Lot Size 0.16 acres (7,078.5 sqft)

Year Built 1956

Garage 1 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Southwood Sec 02

County Travis

Zip Code 78704

$/sqft $415/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $9,613.51

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT232851915

List Date June 5, 2026

Elementary School Galindo

Middle School Lively

High School Austin

School District ,

Have Questions About This Property?

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 5, 2026 $700,000

Previous ask $695,000

Current ask $650,000

▼ Reduced $50,000 (-7.1%) 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

1011 Brodie St #8
BOULDIN CREEK COTTAGES AMEND $650,000 $427 3 bd / 3 ba 1,521 sqft , 2026-06-25

511 South Park Dr #2
Dawson $649,900 $488 2 bd / 3 ba 1,332 sqft , 2026-07-14

1110 W Oltorf St
Southwood Sec 01 $649,500 $491 3 bd / 1 ba 1,323 sqft , 2026-09-14

2300 S 5th St #E
5th A Condo $649,000 $349 2 bd / 3 ba 1,859 sqft , 2026-05-01

3208 Clawson Rd #4B
Cartwright Lots $642,000 $384 2 bd / 3 ba 1,670 sqft , 2026-08-01

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

$3,120/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

$130,000

20% conventional investment loan

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

Estimated Gross Rent+$3,120

Principal + Interest−$3,547

Property Tax (~2.1% TX avg)−$1,138

Insurance (~0.5%)−$271

Est. Monthly Cash Flow $-1,836

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

About the Author

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 August 31, 2026.

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

1102 Southwood Rd