Active Listing  ·  110 days on market

1407 Parkinson Dr #1

Austin, TX 78704
$1,850,000
3 Bed 3 Bath 2,232 sqft $829/sqft Built 2019 0.21 acres 2-Car Garage Pool Travis Heights

Modern, sustainably-built home by Verde Custom Builders on a private lot with stunning views astounds in Travis Heights, one of Austin’s hottest urban neighborhoods. Enjoy high-end finishes and clean lines throughout, airy and open living spaces, a chef’s kitchen with quartz countertops and professional appliances, white-oak hardwoods and stylish concrete flooring (no carpet), modern statement lighting, Smart Home Design automation features, custom closets, and panoramic views of the city skyline. The second floor features an oversized owner’s suite with balcony, two spacious guest bedrooms, a flexible loft area, and two outdoor living spaces including yacht hot tub perfectly suited for entertaining or savoring peaceful sunsets with a stunning downtown Austin backdrop. A rare find in Travis Heights, this contemporary, luxurious home offers both a 2-car air conditioned over-sized garage with generous storage for home gym experience or any other additional home use needs. and a fully-fenced front yard. Come witness the South Congress bats fly overhead on one of the two roof decks! If details and location matter, this one is a must-see!

At $829/sqft, this home is priced 112% 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 Parkinson Dr #1, Austin, TX 78704

Property Details

Price $1,850,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,232 sqft
Lot Size 0.21 acres (9,060.48 sqft)
Year Built 2019
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Travis Heights
County Travis
Zip Code 78704
$/sqft $829/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT226533356
List Date April 16, 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 →

Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · April 16, 2026 $2,000,000
Current ask $1,850,000
Reduced $150,000 (-7.5%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
4502 Mountain Path Dr
Westover Hills
$1,849,900 $633 4 bd / 4 ba 2,924 sqft , 2026-06-30
1403 Barton Hills Dr #3
Barton Terrace Sec 04
$1,875,000 $750 3 bd / 4 ba 2,500 sqft , 2025-12-24
1904 Schulle Ave
Sherwood Forest
$1,875,000 $647 4 bd / 4 ba 2,900 sqft , 2026-06-12
2002 Meadowbrook Dr
Tarry Town 03
$1,875,000 $960 3 bd / 2 ba 1,954 sqft , 2026-08-01
2309 Big Horn Dr
Apache Shores Sec 04
$1,890,000 $1,024 3 bd / 2 ba 1,845 sqft , 2026-03-31

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
$8,880/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
$370,000
20% conventional investment loan

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

Estimated Gross Rent+$8,880
Principal + Interest−$10,096
Property Tax (~2.1% TX avg)−$3,238
Insurance (~0.5%)−$771
Est. Monthly Cash Flow $-5,225

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →