Active Listing  ·  165 days on market

1119 Fairmount Ave

Austin, TX 78704
$2,480,000
5 Bed 5 Bath 3,925 sqft $632/sqft Built 2024 0.25 acres 2-Car Garage Pool Travis Heights

Located in the heart of Travis Heights, 1119 Fairmount Avenue is a striking new construction home offering 5 bedrooms and 4.5 bathrooms on a rare quarter-acre lot. Designed for both everyday comfort and elevated entertaining, the residence pairs thoughtful architecture with a premier central Austin setting just moments from South Congress and downtown. The open-concept main level is anchored by a stunning kitchen featuring custom cabinetry, a large island with waterfall stone countertops, and stainless-steel appliances. A dedicated bar area with a built-in wine refrigerator enhances the home’s entertaining appeal. The first-floor primary suite provides a private retreat, while the first of two upstairs wings offers a spacious living area and three bedrooms with generous closets — one with an en-suite bath and two connected by a Jack-and-Jill bathroom with dual sinks and a separate water closet with a tub/shower combination. A second upper-level wing, accessed by its own staircase off the entry, offers exceptional flexibility with a large living area and a full bedroom and bathroom, ideal for long-term guests, multi-generational living, or a secluded office suite. Completing the property is a two-car garage and a private backyard oasis with a pool, creating an exceptional opportunity to enjoy new construction luxury in one of Austin’s most sought-after neighborhoods. Tax and assessed values are estimates for illustration purposes only. All figures should be independently verified. Call or text listing agent to schedule a private tour—no showings on March 5th and 6th.

At $632/sqft, this home is priced 62% 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

1119 Fairmount Ave, Austin, TX 78704

Property Details

Price $2,480,000
Status Active Listing
Beds 5
Full Baths 4
Half Baths 1
Living Area 3,925 sqft
Lot Size 0.25 acres (10,933.56 sqft)
Year Built 2024
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Travis Heights
County Travis
Zip Code 78704
$/sqft $632/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $39,456
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT220010650
List Date February 20, 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 →

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
1504 Twilight Ridge Dr
Wild Basin Ledge Amd
$2,485,000 $664 4 bd / 4 ba 3,740 sqft , 2026-06-18
3712 Meredith St
Laurel Heights
$2,495,000 $731 4 bd / 5 ba 3,413 sqft , 2026-04-16
14753 Arrowhead Dr
Arrowhead Point 01
$2,495,000 $577 4 bd / 4 ba 4,322 sqft , 2026-05-08
14036 Timberline Trl
Sunset Canyon Sec 4
$2,495,000 $478 4 bd / 4 ba 5,216 sqft , 2026-05-27
1201 Silver Hill Dr
Rolling Hills West
$2,495,000 $585 5 bd / 5 ba 4,265 sqft , 2026-06-26

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
$11,904/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
$496,000
20% conventional investment loan

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

Estimated Gross Rent+$11,904
Principal + Interest−$13,534
Property Tax (~2.1% TX avg)−$4,340
Insurance (~0.5%)−$1,033
Est. Monthly Cash Flow $-7,003

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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