Active Listing  ·  13 days on market

1303 1/2 Hillside Ave

Austin, TX 78704
$2,995,000
5 Bed 4 Bath 3,064 sqft $977/sqft Built 2012 0.17 acres 2-Car Garage Pool Fairview Park

Rare Architectural Gem in the Heart of Travis Heights just Steps from South Congress

Thoughtfully restored and reimagined by acclaimed Austin architecture firm Alterstudio, this landmark 1927 property on Hillside Avenue is one of Travis Heights' most distinctive offerings. Blending historic soul with refined modern design, this residence sits just a short stroll from the boutique shops, acclaimed restaurants, and beloved neighborhood energy of South Congress Avenue with easy access to Little Stacy Park, Big Stacy Pool, and the scenic Lady Bird Lake hike-and-bike trail.

The Main Residence is a 4 bed, 3 bath home that was meticulously renovated by Alterstudio in 2012. The original character was well preserved while integrating clean contemporary lines, thoughtful material choices, and an intentional connection between indoor and outdoor living.

The Guest House, built in 2025, offers a completely self-contained retreat with its own kitchenette, dedicated office, private bedroom, and full bathroom. This is ideal for visiting family, long-term guests, or income-producing short-term rental potential in one of Austin's most walkable and desirable neighborhoods.

Outside, a custom pool anchors the outdoor living space, surrounded by lush, low-maintenance native landscaping. A two-car carport with EV charging completes the picture.

Properties like this, with genuine architectural pedigree, a multi-structure compound layout, and a Travis Heights address this close to SoCo, simply don't come to market often.

At $977/sqft, this home is priced 149% 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

1303 1/2 Hillside Ave, Austin, TX 78704

Property Details

Price $2,995,000
Status Active Listing
Beds 5
Full Baths 4
Half Baths ,
Living Area 3,064 sqft
Lot Size 0.17 acres (7,618.64 sqft)
Year Built 2012
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Fairview Park
County Travis
Zip Code 78704
$/sqft $977/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $24,867.97
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246183965
List Date September 9, 2026
Elementary School Travis Hts
Middle School Lively
High School Travis
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.

Schedule a Call →

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
1201 Kenwood Ave
Travis Heights
$2,975,000 $853 4 bd / 5 ba 3,488 sqft , 2026-04-28
1117 Reagan Ter
Travis Heights
$2,825,000 $843 4 bd / 4 ba 3,350 sqft , 2026-06-16
2309 S 4th St
Loma Linda
$2,750,000 $962 5 bd / 5 ba 2,858 sqft , 2026-06-05
703 E Live Oak St
Travis Heights
$3,295,000 $812 5 bd / 7 ba 4,060 sqft , 2026-03-13
800 W James St
South Heights
$3,300,000 $938 4 bd / 4 ba 3,520 sqft , 2026-09-07

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
$14,376/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
$599,000
20% conventional investment loan

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

Estimated Gross Rent+$14,376
Principal + Interest−$16,345
Property Tax (~2.1% TX avg)−$5,241
Insurance (~0.5%)−$1,248
Est. Monthly Cash Flow $-8,458

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 · 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 September 20, 2026.

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