Active Listing  ·  54 days on market

1208 Fairwood Rd

Austin, TX 78722
$825,000
3 Bed 2 Bath 1,719 sqft $480/sqft Built 1948 0.23 acres Pool Delwood Sec 02

Want Mueller walkability without Mueller's new-construction price tag? Detached single-family homes inside Mueller are selling for $900K–$1.3M — this is your entry point into the same lifestyle at $849K, with something Mueller can't offer: a pool, a spa, and a home with actual soul. This transformed 1940s Delwood cottage is two blocks from Mueller's restaurants, Farmer's Market, HEB with outdoor bar and live music, and Alamo Drafthouse. Sitting on the front porch beneath the custom concrete waterfall, you'd never guess downtown Austin is 2.5 miles away. Inside: original mid-century bones meet intentional, design-forward updates throughout. Three bedrooms, two baths, 1,719 sqft, every inch considered. The backyard pool and spa make this one of the most complete properties in the corridor. Currently tenant-occupied through July with documented rental income, ideal for an investor seeking immediate cash flow, or an owner-occupant ready to step in at lease end. Lease details available upon request. 2 miles to UT. Walk to Mueller. Pool. Character. Priced below the Mueller SFH market. This one doesn't come around often!

At $480/sqft, this home is priced 23% 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

1208 Fairwood Rd, Austin, TX 78722

Property Details

Price $825,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,719 sqft
Lot Size 0.23 acres (9,848.92 sqft)
Year Built 1948
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Delwood Sec 02
County Travis
Zip Code 78722
$/sqft $480/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT235511582
List Date June 11, 2026
Elementary School Maplewood
Middle School Kealing
High School McCallum
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
1209 Kinney Ave #D
Kinney Lofts Condo
$825,000 $399 2 bd / 3 ba 2,068 sqft , 2026-01-14
11622 Doyle Rd
RURAL
$825,000 $546 3 bd / 2 ba 1,512 sqft , 2026-05-13
2009 Payne Ave #2
Bellaire
$825,000 $530 3 bd / 3 ba 1,557 sqft , 2026-05-20
2822 Wooldridge Dr #B
Pemberton Heights
$825,000 $565 2 bd / 3 ba 1,460 sqft , 2026-06-23
2506 Audubon Pl
Greenbriar Sec 01
$825,000 $384 4 bd / 2 ba 2,151 sqft , 2026-07-05

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
$3,960/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
$165,000
20% conventional investment loan

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

Estimated Gross Rent+$3,960
Principal + Interest−$4,502
Property Tax (~2.1% TX avg)−$1,444
Insurance (~0.5%)−$344
Est. Monthly Cash Flow $-2,330

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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