Active Listing  ·  5 days on market

1202 Belmont Pkwy

Austin, TX 78705
$3,495,000
5 Bed 3 Bath 4,054 sqft $862/sqft Built 1960 0.44 acres 2-Car Garage Pool Belmont

Rarely does a property of this scale and setting become available. This exceptional single-story home offers 4,054 square feet of living space on a private 0.44-acre lot, backing directly to Shoal Creek. Surrounded by mature heritage trees and tucked away with no through traffic, the property offers a peaceful, secluded setting that feels worlds away while remaining remarkably central.

Built in 1960, the home features five bedrooms and three bathrooms, with an expansive layout that provides abundant space for comfortable living and entertaining. The true centerpiece of the property is the spectacular outdoor setting, where a large deck extends over Shoal Creek, creating a one-of-a-kind vantage point to enjoy the natural beauty and tranquility of the surroundings.

At $862/sqft, this home is priced 120% 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

1202 Belmont Pkwy, Austin, TX 78705

Property Details

Price $3,495,000
Status Active Listing
Beds 5
Full Baths 3
Half Baths ,
Living Area 4,054 sqft
Lot Size 0.44 acres (19,114.13 sqft)
Year Built 1960
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Belmont
County Travis
Zip Code 78705
$/sqft $862/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243962387
List Date August 19, 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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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
3015 Washington Sq
Washington Square
$3,399,000 $1,080 4 bd / 6 ba 3,148 sqft , 2026-02-27
2428 Jarratt Ave
Pemberton Heights Sec 01
$3,250,000 $877 4 bd / 4 ba 3,704 sqft , 2026-04-15
2412 Jarratt Ave
Pemberton Heights Sec 01
$3,750,000 $756 5 bd / 6 ba 4,962 sqft , 2026-08-20
2415 McCall Rd
Tarrytown
$3,150,000 $886 5 bd / 5 ba 3,557 sqft , 2026-08-07
2705 Warren St
Mont-Dale
$2,999,990 $876 4 bd / 5 ba 3,426 sqft , 2026-06-30

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
$16,776/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
$699,000
20% conventional investment loan

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

Estimated Gross Rent+$16,776
Principal + Interest−$19,074
Property Tax (~2.1% TX avg)−$6,116
Insurance (~0.5%)−$1,456
Est. Monthly Cash Flow $-9,870

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 · 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 20, 2026.

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