Active Listing  ·  4 days on market

1603 W 39th 1/2 St #A

Austin, TX 78756
$1,150,000
3 Bed 3 Bath 2,079 sqft $553/sqft Built 2014 0.12 acres 2-Car Garage Pool 1603 West 39th 1/2 Street Condo

Location, charm, and quintessential Central Austin living come together in this beautifully designed modern farmhouse in the heart of Rosedale. Tucked beneath mature oak trees on one of Austin's most loved neighborhood streets, this home offers the rare opportunity to enjoy a peaceful residential setting while being just steps from some of the city's favorite parks, trails, restaurants, and everyday conveniences.

Inside, abundant natural light, large picture windows, vaulted ceilings, and an open, inviting floor plan, create a home that feels both sophisticated and comfortable. The kitchen features Carrara marble countertops, stainless steel appliances, a generous island, and ample storage, while multiple living spaces provide flexibility for entertaining, working from home, or simply relaxing.

The indoor and outdoor living of this home blend seamlessly with a screened-in porch, multiple patio spaces, lush landscaping, and a private backyard shaded by beautiful, mature trees. Upstairs, the spacious primary suite features vaulted ceilings, a spa-inspired bath, and custom closet organization.

A detached two-car garage, a true Central Austin bonus, adds even more convenience and storage. With its timeless architecture, thoughtful design, walkable Rosedale location, and easy access to some of Austin's best-loved destinations, this home offers the Central Austin lifestyle that's becoming increasingly hard to find. Don't miss seeing this one in person!

At $553/sqft, this home is priced 41% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1603 W 39th 1/2 St #A, Austin, TX 78756

Property Details

Price $1,150,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 2,079 sqft
Lot Size 0.12 acres (5,039.89 sqft)
Year Built 2014
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision 1603 West 39th 1/2 Street Condo
County Travis
Zip Code 78756
$/sqft $553/sqft
Days on Market ,
HOA $3,000/Annually
Annual Tax Est. $24,930.51
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243599287
List Date August 20, 2026
Elementary School Bryker Woods
Middle School O Henry
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.

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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
3711 Cedar St
Buddington
$1,199,000 $477 4 bd / 4 ba 2,515 sqft , 2026-01-06
2902 Oakmont Blvd
Brykerwoods Annex 02 Resub
$1,100,000 $422 4 bd / 3 ba 2,606 sqft , 2025-11-13
2806 W 44th St #B
Highland Park
$1,100,000 $489 3 bd / 4 ba 2,250 sqft , 2026-05-13
1204 W 39th St
L L Crane
$1,250,000 $454 4 bd / 4 ba 2,752 sqft , 2026-07-29
1201 W 39th 1/2 St #B
Dunn Add
$999,000 $566 3 bd / 4 ba 1,766 sqft , 2026-05-07

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
$5,520/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
$230,000
20% conventional investment loan

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

Estimated Gross Rent+$5,520
Principal + Interest−$6,276
Property Tax (~2.1% TX avg)−$2,013
Insurance (~0.5%)−$479
Est. Monthly Cash Flow $-3,248

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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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on August 21, 2026.

📞 (254) 718-2567 [email protected] More about Luke →