About This Home

This quintessential central Austin bungalow has been thoughtfully renovated, while maintaining the original character and charm. The functional floor plan offers two living areas, dining room, an open kitchen with center island, built-in bar, wine refrigerator and storage. The primary suite features high ceilings, dual vanities, large walk-in shower and closet, and opens onto the back deck. Office / flex room off the kitchen and utility rooms. Bonus workshop or additional storage located off the carport. Within walking distance to Shoal Creek Trail, Pease Park, Caswell tennis courts, restaurants, coffee shops and UT.

At $529/sqft, this home is priced 35% 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

1204 W 22 1/2 St, Austin, TX 78705

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Property Details

Price $1,100,000

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 2,080 sqft

Lot Size 0.15 acres (6,664.68 sqft)

Year Built 1950

Garage ,

Stories ,

Type Residential · Single Family Residence

Subdivision Lawless

County Travis

Zip Code 78705

$/sqft $529/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT229795801

List Date May 14, 2026

Elementary School Bryker Woods

Middle School O Henry

High School Austin

School District ,

Have Questions About This Property?

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 14, 2026 $1,195,000

Previous ask $1,125,000

Current ask $1,100,000

▼ Reduced $95,000 (-7.9%) 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

12506 Painted Bunting Dr
Painted Bunting $1,100,000 $484 3 bd / 3 ba 2,275 sqft , 2026-04-16

2902 Oakmont Blvd
Brykerwoods Annex 02 Resub $1,100,000 $422 4 bd / 3 ba 2,606 sqft , 2025-11-13

2806 W 44th St #B
Highland Park $1,100,000 $489 3 bd / 4 ba 2,250 sqft , 2026-05-13

300 Marina View Ct
Rough Hollow $1,100,000 $459 3 bd / 4 ba 2,399 sqft , 2026-07-10

7 Hull Circle Dr
Lakeview Gardens $1,100,000 $620 3 bd / 2 ba 1,773 sqft , 2026-07-01

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

$5,280/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

$220,000

20% conventional investment loan

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

Estimated Gross Rent+$5,280

Principal + Interest−$6,003

Property Tax (~2.1% TX avg)−$1,925

Insurance (~0.5%)−$458

Est. Monthly Cash Flow $-3,106

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

1204 W 22 1/2 St