Active Listing  ·  134 days on market

1215 Payne Ave

Austin, TX 78757
$799,500
4 Bed 2 Bath 1,380 sqft $579/sqft Built 1949 0.20 acres Pool Violet Crown Heights Sec 02

Located in the heart of the desirable Brentwood neighborhood, 1215 Payne Avenue is an exceptional 4-bedroom, 2-full bath home that perfectly blends classic charm with high-end modern updates. The property features a spacious, great layout highlighted by original wood floors and a custom-designed kitchen by the renowned CG&S. Significant infrastructure upgrades provide peace of mind, including a roof replaced in 2023, all-new electrical and plumbing systems throughout, and a crawl space professionally insulated with spray foam. The exterior is built for durability and efficiency, featuring Hardie concrete fiberboard siding and premium fiberglass windows, which offer superior performance over standard PVC. Outside, the large lot includes a carport and a unique bonus: a small, separate office equipped with its own air-conditioning unit and electrical service.

+2

Beyond the home itself, the location offers an unparalleled Austin lifestyle, sitting just a short distance from downtown. Families will appreciate being zoned to the recently rebuilt Brentwood Elementary, while everyone can enjoy the sense of community provided by amazing neighbors and a "closeness to everything" vibe. The neighborhood is famous for its walkability and proximity to local favorites, making it easy to access the best of Austin while living on a quiet, friendly street.

At $579/sqft, this home is priced 48% 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

1215 Payne Ave, Austin, TX 78757

Property Details

Price $799,500
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 1,380 sqft
Lot Size 0.20 acres (8,520.34 sqft)
Year Built 1949
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Violet Crown Heights Sec 02
County Travis
Zip Code 78757
$/sqft $579/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $13,182.64
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT223454517
List Date March 23, 2026
Elementary School Brentwood
Middle School Lamar (Austin ISD)
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
4907 Harmon Ave
Ridgetop
$799,999 $758 3 bd / 1 ba 1,055 sqft , 2024-07-02
1806 Fortview Rd
Low Theodore Heights
$799,999 $580 3 bd / 2 ba 1,380 sqft , 2026-07-06
2226 Westlake Dr #1-3
Las Colinas At Lake Austin Con
$799,000 $492 3 bd / 2 ba 1,623 sqft , 2025-08-07
2612 Little John Ln
Sherwood Oaks Sec 03
$799,000 $603 3 bd / 2 ba 1,326 sqft , 2026-03-10
1808 Sylvan Dr #1
Fawn Ridge Sec 01
$799,000 $446 4 bd / 4 ba 1,793 sqft , 2026-04-23

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
$3,838/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
$159,900
20% conventional investment loan

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

Estimated Gross Rent+$3,838
Principal + Interest−$4,363
Property Tax (~2.1% TX avg)−$1,399
Insurance (~0.5%)−$333
Est. Monthly Cash Flow $-2,257

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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