About This Home

This is a HomePath Property. Seller has requested all offers be presented online at homepath.fanniemae. Take a look at this charming home located in the heart of Crestview, nestled beneath mature oaks. Inside hardwood floors, updated kitchen, baths, recessed lighting and fans plus abundant natural light honor the home’s original character while providing comfortable, stylish appeal. Outside is a detached garage and a flat, spacious yard that beckons get togethers for all occasions! Nearby Brentwood Elementary, Brentwood Park, Violet Crown Shopping Center, HEB, and Crestview Station make daily living super convenient. Experience one of Austin's most prized neighborhoods-Check It Out!

**First-time buyers, complete the HomePath Ready Buyer homeownership course on Homepath. Attach certificate to offer up to 3% closing cost assistance. Check HomePath for more details. Restrictions apply.**

At $501/sqft, this home is priced 28% 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

1206 MADISON Ave, Austin, TX 78757

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Property Details

Price $589,000

Status Active Listing

Beds 3

Full Baths 1

Half Baths 1

Living Area 1,176 sqft

Lot Size 0.19 acres (8,071.67 sqft)

Year Built 1950

Garage 1 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Crestview Add Sec 05

County Travis

Zip Code 78757

$/sqft $501/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $11,594.89

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT243667295

List Date August 16, 2026

Elementary School Brentwood

Middle School Lamar (Austin ISD)

High School McCallum

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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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

7503 Carriage Dr
Holiday Hills Sec 01 $599,500 $474 3 bd / 2 ba 1,264 sqft , 2026-08-02

7602 Northcrest Blvd #2
Holiday Hills Sec 01 $574,990 $497 2 bd / 3 ba 1,156 sqft , 2026-02-23

1801 Belford Dr
Allandale North Sec 01 $564,900 $384 3 bd / 2 ba 1,470 sqft , 2026-05-20

1106 Arcadia Ave
West View Heights $630,000 $611 2 bd / 2 ba 1,031 sqft , 2026-05-14

2207 Pasadena Dr #1
Villas At Pasadena Condo $540,000 $425 2 bd / 2 ba 1,271 sqft , 2026-05-15

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

$2,827/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

$117,800

20% conventional investment loan

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

Estimated Gross Rent+$2,827

Principal + Interest−$3,214

Property Tax (~2.1% TX avg)−$1,031

Insurance (~0.5%)−$245

Est. Monthly Cash Flow $-1,663

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 Crestview

Crestview has emerged over the past decade as one of Central Austin's best value stories - a neighborhood of genuine mid-century character that offers more home for the money than adjacent Hyde Park or Rosedale, while sharing many of the same location advantages. The neighborhood sits north of 45th Street between Lamar and Burnet Road, placing it equidistant between downtown Austin and the Domain tech corridor.

The commercial corridors bordering Crestview are some of North Austin's most interesting. Burnet Road to the west has become one of Austin's hippest streets - Epoch Coffee, the Violet Crown Social Club, 24 Diner, and dozens of bars and restaurants that have transformed the strip over the past decade. The neighborhood attracts a mix of young families, professionals in their 30s and 40s, and buyers who want mid-century architecture without the premium of Hyde Park or Rosedale.

🏠

Mid-Century Architecture

A high concentration of intact 1950s ranch homes and mid-century modern designs. Original details - terrazzo floors, clerestory windows, open beams - are common in well-preserved examples.

🍺

Burnet Road Corridor

One of Austin's most dynamic commercial strips runs along the neighborhood's western edge. Epoch Coffee, Violet Crown Social Club, 24 Diner, and dozens more restaurants and bars within easy walking or biking distance.

💰

Best Value in Central Austin

Crestview consistently offers lower prices per square foot than Hyde Park, Rosedale, or Tarrytown for comparable central location and school quality. The gap has been closing - buyers who moved in early have seen exactly this play out.

🎓

McCallum High School

McCallum's Fine Arts Academy is one of AISD's most distinctive programs - a magnet school known for music, theater, and visual arts that draws students from across the district. A genuine asset for families with creative kids.

Full Crestview Guide →

About the Author

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 18, 2026.

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

1206 MADISON Ave

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

About Crestview

Major Employers Near Austin, TX

More Luxury Homes in Austin

1206 MADISON Ave

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

About Crestview

Major Employers Near Austin, TX

More Luxury Homes in Austin

Explore Austin Real Estate