Active Listing  ·  13 days on market

1203 Cedar Ave

Austin, TX 78702
$799,000
3 Bed 3 Bath 1,750 sqft $457/sqft Built 2003 0.13 acres 2-Car Garage Pool Glenwood Add East Austin Amd

In the heart of East Austin, where creative energy meets neighborhood charm, this thoughtfully updated residence offers an exceptional connection to the city. With a flexible two- to three-bedroom layout, 2.5 baths and one or two living areas, the home balances contemporary comfort with the character of its vibrant surroundings. Renovated interiors unfold through an inviting open floor plan, equally suited to relaxed evenings and effortless entertaining. Two covered outdoor retreats extend the living experience, including a second-floor balcony just off the kitchen and main living room. Here, downtown Austin becomes the backdrop for morning coffee, sunset cocktails and a glittering skyline after dark. Below, a private backyard offers room to gather, dine alfresco or unwind beside the pond. Rare for this urban setting, alley access leads to a gated driveway with parking for up to six vehicles, complemented by an attached two-car garage. Beyond the property, East Austin's celebrated mix of independent restaurants, neighborhood favorites and cultural destinations is at your doorstep. Across the street, discover Comadre Panaderia and Nixta Taqueria; nearby, enjoy Launderette, Birdie's, Rocheli Patisserie, Sam's BBQ and King Bee Cocktails. Spend an afternoon exploring local galleries and boutiques, meeting friends at Community Garden Wine Bar or finding a moment of calm at Open Form Yoga. Boggy Creek Greenbelt, Downs Field and Paws on Chicon add welcome options for outdoor recreation and everyday routines. Connected living is equally compelling: an Austin Metro stop is approximately one block away near 12th and Rosewood, the MLK light rail station is roughly half a mile away, and a UT pickup point at MLK, Red River and Trinity is approximately 1.2 miles away. With downtown views, versatile spaces, generous parking and a remarkably walkable setting, this East Austin address captures the best of city living while offering a truly distinctive, personal place to call home.

At $457/sqft, this home is priced 17% above the Austin active market average of $390/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1203 Cedar Ave, Austin, TX 78702

Property Details

Price $799,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,750 sqft
Lot Size 0.13 acres (5,662.8 sqft)
Year Built 2003
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Glenwood Add East Austin Amd
County Travis
Zip Code 78702
$/sqft $457/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $12,774.36
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT251210278
List Date October 30, 2026
Elementary School Campbell
Middle School Kealing
High School McCallum
School District Austin ISD

Austin ISD

Campbell · Kealing · McCallum

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 · October 30, 2026 $825,000
Current ask $799,000
▼ Reduced $26,000 (-3.2%) 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
1117 Gunter St #1
H A Add
$799,000 $458 3 bd / 3 ba 1,743 sqft , 2026-10-09
3129 Govalle Ave
Villa Govalle
$799,950 $415 3 bd / 3 ba 1,928 sqft , 2026-06-25
1101 1/2 Fiesta St #1
Glenmar
$800,000 $398 4 bd / 3 ba 2,009 sqft , 2026-10-16
1902 Greenwood Ave #3
Manor Road Add
$800,000 $470 3 bd / 4 ba 1,702 sqft , 2026-11-05
3009 Kuhlman Ave #1
Lorraine Heights
$775,000 $414 3 bd / 3 ba 1,872 sqft , 2026-10-07

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
$3,835/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
$159,800
20% conventional investment loan

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

Estimated Gross Rent+$3,835
Principal + Interest−$4,360
Property Tax (assumed ~2.1%)−$1,398
Insurance (assumed ~0.5%)−$333
Est. Monthly Cash Flow $-2,256

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 · 41 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. The written content was last updated on November 5, 2026.

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

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