Active Listing  ·  49 days on market

1117 Reagan Ter

Austin, TX 78704
$2,950,000
4 Bed 4 Bath 3,350 sqft $881/sqft Built 2021 0.16 acres 1-Car Garage Pool Travis Heights

A modern retreat in the heart of Travis Heights offering spectacular downtown Austin views, expansive entertaining spaces, and an incredible indoor-outdoor lifestyle. Designed for both everyday living and unforgettable gatherings, this home features an open floor plan filled with natural light from its many expansive windows. The spacious kitchen anchors the main living area with a large center island, connecting the living and dining spaces for effortless entertaining. Built 2021 and set on 3350sqft, this 4 bedroom, 3.5 bath offers tall ceilings, white oak floors, and beautiful finishes. The thoughtfully designed layout includes a primary suite on the main level, along with a secondary guest bedroom featuring an ensuite bath and an additional powder bath for guests. Upstairs, a secondary living room is centrally located between two bedrooms that share a full bath, each enjoying views of downtown. Outside, the backyard is a true oasis — private, peaceful, and perfect for relaxing or entertaining. Room for a pool has been explored, please ask about our renderings (buyer to verify). Set on one of the most desirable streets in Travis Heights, this exceptional property offers a rare combination of views, location, and lifestyle. An incredible rooftop terrace with breathtaking panoramic views of downtown Austin, large enough to accommodate both an outdoor dining area and a comfortable living room setting, perfect for entertaining under the city skyline.

1117 Reagan Terrace is exceptionally located just minutes from South Congress, where some of Austin’s best restaurants, boutiques, coffee shops, & entertainment create one of the city’s most vibrant destinations. Residents also enjoy quick access to Downtown Austin & Lady Bird Lake, offering endless opportunities for dining, nightlife, hiking & biking trails, kayaking, and outdoor recreation. An unbeatable location with remarkable views & thoughtful design, this Travis Heights property is truly unlike anything else.

At $881/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

1117 Reagan Ter, Austin, TX 78704

Property Details

Price $2,950,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 3,350 sqft
Lot Size 0.16 acres (7,143.84 sqft)
Year Built 2021
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Travis Heights
County Travis
Zip Code 78704
$/sqft $881/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $38,492.73
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT236419547
List Date June 16, 2026
Elementary School Travis Hts
Middle School Lively
High School Travis
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 · June 16, 2026 $3,090,000
Current ask $2,950,000
Reduced $140,000 (-4.5%) 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
716 N Commons Ford Rd
Bruton Spgs
$2,950,000 $846 4 bd / 4 ba 3,486 sqft , 2026-05-19
2501 Stratford Dr
Bluffington Sec 01
$2,950,000 $653 4 bd / 4 ba 4,521 sqft , 2026-06-18
1704 East Side Dr
Travis Heights
$2,950,000 $805 4 bd / 5 ba 3,663 sqft , 2026-07-24
1700 S 6th St
Bouldin Add North Ext
$2,960,000 $737 3 bd / 4 ba 4,017 sqft , 2026-03-24
6316 Caudill Ln
Creeks Edge
$2,985,000 $694 5 bd / 5 ba 4,301 sqft , 2026-04-07

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
$14,160/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
$590,000
20% conventional investment loan

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

Estimated Gross Rent+$14,160
Principal + Interest−$16,099
Property Tax (~2.1% TX avg)−$5,163
Insurance (~0.5%)−$1,229
Est. Monthly Cash Flow $-8,331

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 →

Neighborhood Context

About Travis Heights

Travis Heights is the neighborhood that South Austin residents fight over. Perched on hilly terrain south of the river between South Congress and Congress Avenue, it combines the best of South Austin's character - eclectic homes, mature trees, creative energy - with genuine walkability to one of Austin's best commercial corridors.

The streets roll up and down in a way that's unusual for Austin, creating sightlines and privacy that flat neighborhoods can't offer. Homes here range from original craftsman bungalows and Victorian cottages to architecturally significant modern builds taking advantage of the topography.

🛍️
South Congress Access

Walking distance to the South Congress corridor - Austin's most eclectic commercial street, with restaurants, bars, boutiques, and the Continental Club.

🌳
Mature Tree Cover

Some of the best tree canopy in South Austin. The hilly terrain means homes have natural privacy from the street and each other.

🏊
Big Stacy Park

Neighborhood park with a spring-fed swimming pool, tennis courts, and playground - a true community asset that's a short walk for most residents.

🏘️
Neighborhood Character

Architecture ranges from 1910 craftsman bungalows to striking modern infill. The variety is part of the appeal - no two blocks look the same.

Full Travis Heights Guide →

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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