Active Listing  ·  78 days on market

1508 Holly None #1

Austin, TX 78702
$1,299,000
5 Bed 3 Bath 2,512 sqft $517/sqft Built 2026 0.29 acres 1-Car Garage Pool New Construction Welch

Welcome to Holly Residences, an exclusive collection of three ultra-luxury homes located in the heart of East Austin’s coveted Holly neighborhood. Perfectly positioned just steps from Lady Bird Lake and within walking distance to Rainey Street, East Cesar Chavez, and some of Austin’s best dining, coffee shops, and entertainment, this boutique gated development offers the ideal blend of sophisticated design and vibrant urban lifestyle. Thoughtfully designed with clean modern architecture and ultra-high-end interior selections curated by Britt Design, each residence showcases refined materials, expansive windows, and seamless indoor-outdoor living. Every home features a private pool, creating a rare opportunity to enjoy resort-style living in one of Austin’s most sought-after neighborhoods. Unit 1 offers a spacious and highly functional layout designed for modern living. The home features an open living and dining concept filled with natural light, complemented by premium finishes and thoughtful design details throughout. The flexible floor plan includes a dedicated office space, ideal for working from home, while the private balcony adds an additional outdoor retreat. The backyard is designed for entertaining with a private pool and outdoor living area, while the 1-car garage and carport provide convenient parking options. NO HOA DUES or STR Restrictions. July completion, schedule a private tour.

At $517/sqft, this home is priced 32% 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 Holly None #1, Austin, TX 78702

Property Details

Price $1,299,000
Status Active Listing
Beds 5
Full Baths 3
Half Baths ,
Living Area 2,512 sqft
Lot Size 0.29 acres (12,806.64 sqft)
Year Built 2026
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Welch
County Travis
Zip Code 78702
$/sqft $517/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $10,527.75
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT230479444
List Date May 18, 2026
Elementary School Sanchez
Middle School Martin
High School Austin
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
111 Adam L Chapa Sr St
Fair Grounds Add
$1,299,000 $605 4 bd / 3 ba 2,146 sqft , 2026-03-06
1310 Comal St
Oreilly James
$1,299,000 $509 6 bd / 3 ba 2,550 sqft , 2026-04-02
7809 Old Bee Caves Rd #20
Cayena Creekside
$1,299,000 $449 4 bd / 4 ba 2,890 sqft , 2026-05-21
3508 Lyons Rd
Siegmund Add Sec 03
$1,299,000 $558 4 bd / 4 ba 2,330 sqft , 2026-07-17
4906 Enchanted Ln
Park Forest Sec 02
$1,298,000 $465 4 bd / 3 ba 2,793 sqft , 2026-06-08

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
$6,235/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
$259,800
20% conventional investment loan

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

Estimated Gross Rent+$6,235
Principal + Interest−$7,089
Property Tax (~2.1% TX avg)−$2,273
Insurance (~0.5%)−$541
Est. Monthly Cash Flow $-3,668

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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