Active Listing  ·  34 days on market

1117 Gunter St #1

Austin, TX 78702
$799,000
3 Bed 3 Bath 1,743 sqft $458/sqft Built 2027 0.19 acres 1-Car Garage Pool New Construction H A Add

Welcome to Gunter Residences, an exceptional boutique development by renowned Canedo Builders, where refined craftsmanship, modern architecture, and timeless sophistication converge. Set along a quiet residential street, this distinguished new construction offers an elevated approach to contemporary living, defined by clean architectural lines, curated luxury finishes, and thoughtfully designed spaces that balance beauty with functionality. Warm materials and modern detailing create an inviting sense of understated elegance, while expansive windows fill the interiors with natural light and enhance the connection between indoor and outdoor living. Striking exterior design and carefully considered landscaping establish an impressive first impression, setting the tone for the quality and attention to detail found throughout. Unit 1 offers 1,743 square feet of beautifully appointed living space, featuring three bedrooms and two-and-a-half bathrooms in a thoughtfully designed layout that feels both open and intimate. The light-filled main level brings living, dining, and kitchen spaces together in a seamless flow, creating an ideal setting for relaxed daily living and effortless entertaining. The chef-inspired kitchen makes a sophisticated statement with contemporary cabinetry, premium finishes, and quality appliances, combining modern style with everyday practicality. Upstairs, the spacious primary suite provides a private retreat, complete with a well-appointed bathroom and generous closet space. Two additional bedrooms offer versatility for guests, a dedicated home office, or additional living needs. Every detail reflects a considered balance of modern design, comfort, and lasting appeal. Gunter Residences offers a rare opportunity to experience thoughtfully crafted new construction with the elevated finishes, inviting atmosphere, and architectural distinction that define the Canedo Builders signature.

At $458/sqft, this home is priced 17% above the Austin active market average of $390/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1117 Gunter St #1, Austin, TX 78702

Property Details

Price $799,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,743 sqft
Lot Size 0.19 acres (8,476.78 sqft)
Year Built 2027
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision H A Add
County Travis
Zip Code 78702
$/sqft $458/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,820.5
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT249308818
List Date October 9, 2026
Elementary School Govalle
Middle School Martin
High School Eastside Early College
School District Austin ISD

Austin ISD

Govalle · Martin · Eastside Early College

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
3528 Gonzales St #2A None
Grange Commons
$799,000 $430 3 bd / 4 ba 1,860 sqft , 2026-09-04
1203 Cedar Ave
Glenwood Add East Austin Amd
$799,000 $457 3 bd / 3 ba 1,750 sqft , 2026-10-30
3129 Govalle Ave
Villa Govalle
$799,950 $415 3 bd / 3 ba 1,928 sqft , 2026-06-25
1101 1/2 Fiesta St #1
Glenmar
$800,000 $398 4 bd / 3 ba 2,009 sqft , 2026-10-16
3009 Kuhlman Ave #1
Lorraine Heights
$775,000 $414 3 bd / 3 ba 1,872 sqft , 2026-10-07

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
$3,835/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
$159,800
20% conventional investment loan

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

Estimated Gross Rent+$3,835
Principal + Interest−$4,360
Property Tax (assumed ~2.1%)−$1,398
Insurance (assumed ~0.5%)−$333
Est. Monthly Cash Flow $-2,256

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 · 41 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. The written content was last updated on October 10, 2026.

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

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