Active Listing  ·  320 days on market

1503 Alta Vista Ave

Austin, TX 78704
$2,353,000
3 Bed 4 Bath 3,536 sqft $665/sqft Built 2024 0.16 acres Pool New Construction Travis Heights

ELEGANT MINIMALIST MODERN IN TRAVIS HEIGHTS

Located on a premier hillside street in Travis Heights, this modern home at 1503 Alta Vista offers superior craftsmanship and thoughtfully designed spaces, including a finished third floor with panoramic downtown skyline views.

Clean design and a palette of beautiful natural materials come together in this woodsy home dropped from the pages of Dwell magazine. Custom millwork with generous storage, luxurious quartzite and quartz countertops, and recessed lighting run throughout the open, yet clearly defined kitchen, living, and dining spaces.

The primary suite features a large master bath with soaking tub, walk-in shower, and generous walk-in closet. The laundry is conveniently located on the second floor along with two ensuite bedrooms, each with a large closet and bathroom. The third floor flex space can accommodate a fourth bedroom, office, and/or social space to take in the truly spectacular views of the downtown Austin skyline and west Austin hills.

Designed by Cotera + Reed Architects, with 30+ years of architectural design experience in Austin and developed by Alta Design Partners, the home is notable for its quality of construction with steel beam reinforcing and rock solid framing, quality of materials with Marvin windows, solid wood doors, Forest Stewardship Certified (FSC) wood, handmade tile, and more.

The property is located on one of the prettiest streets in the neighborhood, lined with grand heritage live oaks, classic cottages, and newer moderns. Coveted alley access provides easy parking and entry, and the charming backyard has room for a small pool. A stroll away from South Congress shopping and entertainment district, the hike and bike trail, and a mere minutes drive to downtown, Rainey, and the East Side, scoop up this rare quality new construction with the perfect layout and location for vibrant Austin living.

At $665/sqft, this home is priced 70% 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

1503 Alta Vista Ave, Austin, TX 78704

Property Details

Price $2,353,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths 1
Living Area 3,536 sqft
Lot Size 0.16 acres (6,969.6 sqft)
Year Built 2024
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Travis Heights
County Travis
Zip Code 78704
$/sqft $665/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $19,810.05
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT207133932
List Date September 18, 2025
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
5404 Shoal Creek Blvd
Shoalmont Addition
$2,350,000 $685 4 bd / 3 ba 3,432 sqft , 2026-03-06
7825 Lynchburg Dr
Belvedere Ph 01
$2,350,000 $557 4 bd / 4 ba 4,216 sqft , 2026-04-24
4306 Bennedict Ln
West Rim
$2,350,000 $753 4 bd / 4 ba 3,122 sqft , 2026-05-22
802 Blanco St
Castle Hill Historic District
$2,350,000 $992 4 bd / 4 ba 2,368 sqft , 2026-07-22
1300 Bluff St
Bluff View
$2,349,000 $867 3 bd / 3 ba 2,710 sqft , 2026-06-18

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
$11,294/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
$470,600
20% conventional investment loan

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

Estimated Gross Rent+$11,294
Principal + Interest−$12,841
Property Tax (~2.1% TX avg)−$4,118
Insurance (~0.5%)−$980
Est. Monthly Cash Flow $-6,645

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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