Active Listing  ·  227 days on market

111 Mildred St #3

Austin, TX 78702
$985,000
3 Bed 4 Bath 1,853 sqft $532/sqft Built 2026 0.04 acres 1-Car Garage Pool New Construction Jones F H

October 4, 2026 update: Construction is complete, and 111 Mildred St #3 is ready to tour! Introducing 111 Mildred St #3 - a thoughtfully designed new construction home located on a corner lot in Austin’s vibrant East Side. This residence reflects a shared focus on quality, comfort, and smart design.

The home offers 3 bedrooms and 3.5 bathrooms, with an open-concept floor plan that is elevated by soaring ceilings and floor-to-ceiling, triple-pane windows, creating a bright, quiet interior that feels both expansive and refined

The layout is intentionally designed for modern living, featuring a skylit office retreat ideal for today’s work-from-home lifestyle, seamless hardwood floors throughout, and a designer kitchen with integrated Bosch appliances and custom cabinetry, including a built-in media cabinet and dedicated pantry with appliance counter. Spa-inspired baths with dual shower and curbless entries reinforce the home’s clean, contemporary aesthetic.

Outdoor spaces are equally curated, with a private terrace finished in warm wood accents, Trex decking, and gas and water connections for effortless indoor-outdoor living, all thoughtfully designed and without HOA fees or STR restrictions. Located just two blocks from trails, restaurants and shopping, this rare carefully planned home offers walkability, convenience, and easy access to the energy and character that define East Austin living.

Listing agent is a licensed real estate agent in Texas and has an ownership interest in the property.

At $532/sqft, this home is priced 36% 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

111 Mildred St #3, Austin, TX 78702

Property Details

Price $985,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths 1
Living Area 1,853 sqft
Lot Size 0.04 acres (1,742.4 sqft)
Year Built 2026
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Jones F H
County Travis
Zip Code 78702
$/sqft $532/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,818.83
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT218248354
List Date March 10, 2026
Elementary School Zavala
Middle School Kealing
High School Eastside Early College
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 · March 10, 2026 $1,025,000
Current ask $985,000
▼ Reduced $40,000 (-3.9%) 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
2202 Santa Rita St
Buena Vista
$997,000 $399 4 bd / 3 ba 2,497 sqft , 2026-06-30
3019 Garwood St #2
G M Brass Amd
$950,000 $479 3 bd / 3 ba 1,982 sqft , 2026-02-24
1205 E 9th St
Division B
$949,000 $451 3 bd / 3 ba 2,104 sqft , 2026-06-07
2703 E Cesar Chavez St
RIVERVIEW ADDN
$949,000 $760 2 bd / 1 ba 1,248 sqft , 2026-09-30
2921 Lyons Rd #1
Chernosky 14
$915,000 $489 3 bd / 3 ba 1,871 sqft , 2026-10-01

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
$4,728/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
$197,000
20% conventional investment loan

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

Estimated Gross Rent+$4,728
Principal + Interest−$5,376
Property Tax (~2.1% TX avg)−$1,724
Insurance (~0.5%)−$410
Est. Monthly Cash Flow $-2,782

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 October 20, 2026.

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