Active Listing  ·  89 days on market

1201 W 39th 1/2 St #B

Austin, TX 78756
$999,000
3 Bed 4 Bath 1,766 sqft $566/sqft Built 2019 0.09 acres Pool Dunn Add

Tucked into the heart of highly sought-after Rosedale, this contemporary residence blends sophisticated design, smart functionality, and unbeatable walkability in one of Central Austin’s most beloved neighborhoods. Thoughtfully crafted with designer finishes and an open, light-filled floor plan, the home offers elevated everyday living just moments from neighborhood favorites like Central Market, Snooze, Ramsey Park, and Burnet Road dining and shopping.

Inside, soaring ceilings and expansive windows create a bright, airy atmosphere, while the gourmet kitchen anchors the main living space with sleek finishes, ample storage, and seamless flow for entertaining. Each bedroom features its own en-suite bath, providing privacy and flexibility for guests, roommates, or work-from-home living. Advanced HVAC technology, quality construction, and modern conveniences pair beautifully with warm, inviting interiors designed for comfort and style. Additionally the home boasts over 20k in specialty automated shades and blackout shades for maximum convenience and utility.

Although technically attached, the home lives like a standalone residence with an intuitive layout, private feel, and attached garage connection only at the first level. Enjoy low-maintenance living in a premier Central Austin location zoned to highly rated Bryker Woods Elementary and just minutes from Downtown, The Domain, UT, and major medical centers.

At $566/sqft, this home is priced 45% 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

1201 W 39th 1/2 St #B, Austin, TX 78756

Property Details

Price $999,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths 1
Living Area 1,766 sqft
Lot Size 0.09 acres (3,720.02 sqft)
Year Built 2019
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Dunn Add
County Travis
Zip Code 78756
$/sqft $566/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $16,817.17
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT225360564
List Date May 7, 2026
Elementary School Bryker Woods
Middle School O Henry
High School Austin
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 · May 7, 2026 $1,150,000
Previous ask $1,025,000
Current ask $999,000
Reduced $151,000 (-13.1%) 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
1325 Bonham Ter #C
Travis Heights
$999,900 $557 3 bd / 3 ba 1,794 sqft , 2026-04-03
1912 Madison Ave
Crestview Add Sec 03
$999,900 $422 4 bd / 5 ba 2,368 sqft , 2026-07-31
2302 E 9th St
Grandview Place
$999,990 $422 4 bd / 3 ba 2,369 sqft , 2026-06-18
7689 Delwau Ln
Rayviva Price Acres
$999,990 $667 2 bd / 3 ba 1,500 sqft , 2026-07-22
14456 Agarita Rd
ABS 2345 SUR 530 MOORE W P ACR .594
$999,999 $446 3 bd / 2 ba 2,242 sqft , 2025-10-28

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
$4,795/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
$199,800
20% conventional investment loan

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

Estimated Gross Rent+$4,795
Principal + Interest−$5,452
Property Tax (~2.1% TX avg)−$1,748
Insurance (~0.5%)−$416
Est. Monthly Cash Flow $-2,821

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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