Active Listing  ·  82 days on market

1407 Alameda Dr

Austin, TX 78704
$2,650,000
4 Bed 4 Bath 3,714 sqft $714/sqft Built 2009 0.16 acres 2-Car Garage Pool Travis Heights

Architectural mastery meets the edge of South Congress in this Jay Corder-designed estate. This Travis Heights single-family home offers 4 bedrooms and 3.5 bathrooms across a custom multi-level layout, putting you exactly where the South Congress social scene meets the quiet, tree-lined streets of 78704. Living in the Travis Heights neighborhood means your daily routine includes walking to Music Lane for dining or boutiques. This residence prioritizes high-end materials and architectural details, such as Brazilian cherry floors and a stainless steel Fireorb fireplace in the main living area. The kitchen features Michelangelo marble countertops and custom wenge and sapele cabinetry. This space looks directly out over the heated pool and its laminar waterfall, thanks to expansive Fleetwood sliding doors. The main floor also includes an onyx wet bar. On the second level, the owner’s suite occupies a private wing with its own terrace, offering clear views of the Austin skyline. The lower level of the home provides a specialized layout for entertainment, featuring a professionally designed screening room with tiered custom seating and high-end audiovisual systems. This media space is physically separated from the primary living room to ensure acoustics remain contained. Upstairs, a rooftop deck with a hot tub provides a vantage point for sweeping views of downtown Austin, which is located just a 3-minute drive away. The Travis Heights location offers more than just proximity to nightlife; it sits one block from the 6 acres of Little Stacy Park. You are also a short stroll from the Lady Bird Lake hike-and-bike trail. With the Austin airport only 15 minutes away and easy access to I-35, this home connects you to the best of the city while maintaining the privacy of a gated, luxury estate. From the handpicked Italian furnishings to the custom automatic shades, this Travis Heights property provides a sophisticated daily experience in the city’s most established district.

At $714/sqft, this home is priced 83% 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

1407 Alameda Dr, Austin, TX 78704

Property Details

Price $2,650,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 3,714 sqft
Lot Size 0.16 acres (7,130.77 sqft)
Year Built 2009
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Travis Heights
County Travis
Zip Code 78704
$/sqft $714/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $35,300.97
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT230044257
List Date May 14, 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.

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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
204 W 32nd St
Aldridge Place
$2,650,000 $672 3 bd / 3 ba 3,944 sqft , 2026-03-16
5729 Krause Ln #19
Spanish Oaks
$2,650,000 $714 4 bd / 5 ba 3,710 sqft , 2026-06-11
4703 Highland Ter
Highland Park West
$2,675,000 $767 4 bd / 4 ba 3,489 sqft , 2026-05-28
1900 Matthews Dr
Laurel Heights
$2,675,000 $929 4 bd / 4 ba 2,880 sqft , 2026-06-25
13213 Meridian Park Blvd
Meridian Sec F
$2,690,000 $580 5 bd / 4 ba 4,641 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
$12,720/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
$530,000
20% conventional investment loan

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

Estimated Gross Rent+$12,720
Principal + Interest−$14,462
Property Tax (~2.1% TX avg)−$4,638
Insurance (~0.5%)−$1,104
Est. Monthly Cash Flow $-7,484

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 Travis Heights

Travis Heights is the neighborhood that South Austin residents fight over. Perched on hilly terrain south of the river between South Congress and Congress Avenue, it combines the best of South Austin's character - eclectic homes, mature trees, creative energy - with genuine walkability to one of Austin's best commercial corridors.

The streets roll up and down in a way that's unusual for Austin, creating sightlines and privacy that flat neighborhoods can't offer. Homes here range from original craftsman bungalows and Victorian cottages to architecturally significant modern builds taking advantage of the topography.

🛍️
South Congress Access

Walking distance to the South Congress corridor - Austin's most eclectic commercial street, with restaurants, bars, boutiques, and the Continental Club.

🌳
Mature Tree Cover

Some of the best tree canopy in South Austin. The hilly terrain means homes have natural privacy from the street and each other.

🏊
Big Stacy Park

Neighborhood park with a spring-fed swimming pool, tennis courts, and playground - a true community asset that's a short walk for most residents.

🏘️
Neighborhood Character

Architecture ranges from 1910 craftsman bungalows to striking modern infill. The variety is part of the appeal - no two blocks look the same.

Full Travis Heights Guide →

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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