Active Listing  ·  147 days on market

1201 Kenwood Ave

Austin, TX 78704
$2,975,000
4 Bed 5 Bath 3,488 sqft $853/sqft Built 2017 0.20 acres 2-Car Garage Pool Travis Heights

Situated in coveted Travis Heights just one block south of Lady Bird Lake (Town Lake), this breathtaking custom-built modern masterpiece sits on an elevated, private corner homesite surrounded by mature trees and natural beauty. A true treehouse-inspired luxury retreat, this spectacular home offers soaring ceilings, walls of glass, and private leafy treetop views throughout. Designed with exceptional craftsmanship, smooth finish walls, rich hardwood flooring, custom cabinetry, designer tile work, and stunning architectural lines create sophisticated living spaces that exude luxury. The gourmet chef’s kitchen features premium Miele stainless appliances, a raised granite island bar, and opens seamlessly to expansive living and dining areas, all overlooking the incredible 50-foot lap pool, spa, and covered pool cabana with swim-up bar—an entertainer’s dream. Modern sliding glass doors blend indoor and outdoor living for effortless entertaining. The lavish main-level primary suite opens to the pool and spa and features a spa-inspired bath with soaking tub, oversized shower with outdoor access, an extraordinary custom closet with built-ins, and private laundry. A guest suite near the foyer offers flexibility, while upstairs includes a game room, two additional bedrooms, secondary laundry, and private balconies, including one off the primary with incredible views. The pool cabana includes a full bath, while the extensively landscaped yard with turf enhances the resort-style setting. Additional highlights include 4 bedrooms, 4.5 baths, a dramatic living room wrapped in glass with modern fireplace, grocery dumbwaiter, oversized 2-car garage, and a 23x20 unfinished flex space ready for studio, gym, media room or creative expansion. This architectural showstopper offers privacy, luxury, and an unbeatable lifestyle just minutes to downtown Austin, Lady Bird Lake, Zilker Park, and Barton Springs.

At $853/sqft, this home is priced 118% 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

1201 Kenwood Ave, Austin, TX 78704

Property Details

Price $2,975,000
Status Active Listing
Beds 4
Full Baths 4
Half Baths 1
Living Area 3,488 sqft
Lot Size 0.20 acres (8,668.44 sqft)
Year Built 2017
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Travis Heights
County Travis
Zip Code 78704
$/sqft $853/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $59,348.07
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT227572416
List Date April 28, 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.

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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 · April 28, 2026 $3,360,000
Previous ask $3,210,000
Current ask $2,975,000
Reduced $385,000 (-11.5%) 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
1303 1/2 Hillside Ave
Fairview Park
$2,995,000 $977 5 bd / 4 ba 3,064 sqft , 2026-09-09
1117 Reagan Ter
Travis Heights
$2,825,000 $843 4 bd / 4 ba 3,350 sqft , 2026-06-16
610 Davis St #3804
The Modern Austin Residences
$3,266,250 $1,405 3 bd / 4 ba 2,324 sqft , 2026-06-23
703 E Live Oak St
Travis Heights
$3,295,000 $812 5 bd / 7 ba 4,060 sqft , 2026-03-13
1915 Brackenridge St
Blue Bonnet Hills
$2,600,000 $922 4 bd / 5 ba 2,820 sqft , 2026-05-14

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
$14,280/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
$595,000
20% conventional investment loan

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

Estimated Gross Rent+$14,280
Principal + Interest−$16,236
Property Tax (~2.1% TX avg)−$5,206
Insurance (~0.5%)−$1,240
Est. Monthly Cash Flow $-8,402

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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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 August 27, 2026.

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