Active Listing  ·  14 days on market

1508 E 11th St

Austin, TX 78702
$884,000
3 Bed 3 Bath 1,635 sqft $541/sqft Built 2004 0.09 acres Pool Rectors

Experience modern East Austin living in this thoughtfully designed three-story home featuring 3 bedrooms, 2.5 bathrooms, and approximately 1,625 square feet. Soaring ceilings and an open-concept floor plan create a bright, airy feel, while the stylish kitchen is appointed with granite countertops, updated appliances, and seamless flow into the living and dining spaces—perfect for everyday living and entertaining.

Multiple outdoor living areas set this home apart, including a private balcony off the primary suite and an expansive rooftop deck showcasing stunning downtown Austin skyline views. Two dedicated off-street parking spaces add convenience, while the unbeatable location places you just minutes from Downtown, Rainey Street, the University of Texas, and some of East Austin's most popular restaurants, coffee shops, and nightlife.

An added bonus: The home is located in a CRA-eligible census tract, offering qualified buyers access to special financing opportunities through participating lenders, including 0% down payment programs, potential interest rate buydowns, and lender credits toward closing costs.

A rare opportunity to enjoy contemporary design, exceptional outdoor spaces, and one of Austin's most vibrant and walkable neighborhoods.

At $541/sqft, this home is priced 38% 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

1508 E 11th St, Austin, TX 78702

Property Details

Price $884,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,635 sqft
Lot Size 0.09 acres (3,789.72 sqft)
Year Built 2004
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Rectors
County Travis
Zip Code 78702
$/sqft $541/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $17,099
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240667106
List Date July 21, 2026
Elementary School Blackshear
Middle School Kealing
High School Eastside Early College
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
2805 McCurdy St #10
Mueller
$879,000 $431 3 bd / 4 ba 2,040 sqft , 2026-02-24
2805 McCurdy St #19
Mueller
$879,000 $434 3 bd / 4 ba 2,025 sqft , 2026-07-11
2006 De Verne St
Rabb Inwood Hills
$890,000 $533 3 bd / 2 ba 1,669 sqft , 2023-10-13
308 Cedar Hurst Ln
Round Mountain
$890,000 $451 3 bd / 3 ba 1,974 sqft , 2025-10-28
1610 Harvey St #A
Division B
$890,000 $456 3 bd / 3 ba 1,951 sqft , 2026-07-03

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
$4,243/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
$176,800
20% conventional investment loan

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

Estimated Gross Rent+$4,243
Principal + Interest−$4,824
Property Tax (~2.1% TX avg)−$1,547
Insurance (~0.5%)−$368
Est. Monthly Cash Flow $-2,496

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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