Active Listing  ·  154 days on market

1603 Willow St

Austin, TX 78702
$1,750,000
5 Bed 5 Bath 2,942 sqft $595/sqft Built 2023 0.13 acres 1-Car Garage Pool 1603 Willow Condos

Welcome to this stunning custom home in the Holly District. Experience premium location with close proximity to downtown and convenient access to Ladybird Lake, the Hike & Bike Trail, and nearby restaurants/establishments. This meticulously designed space includes 5 bedrooms, 4 1/2 bathrooms, and a view of downtown from the top level. The flex space on the main level could also be used as an additional bedroom with an ensuite bathroom. Prepare meals in the gourmet kitchen complete with a farmhouse sink, XL Wolf Range with custom vent hood and pot filler, Bosch dishwasher, and Sub-Zero Fridge. Beautiful custom cabinetry not only in the kitchen but throughout the home. The huge center island also features a dual-temperature wine/beverage fridge. Don't miss the incredible woodwork in the living/dining ceiling when entering the home. Entertain in the covered outdoor space next to the fireplace while grilling your best BBQ in the outdoor kitchen equipped with a Kamadojoe, gas grill and sink. Retire to the primary suite on the 2nd floor outfitted with 2 walk-in closets and a bathroom featuring a walk-in shower, soaking tub, and dual vanities. Enjoy morning coffee on the large balcony that extends off the 2nd level. The 4 secondary bedrooms located on the upper floors share a full bathroom on each floor. The entire property is fully fenced for privacy and includes a motorized gate in front. The detached extended garage connects to the home by a covered breezeway and is wired for an EV charger. The hand-scraped wood floors are European White Oak. House is pre-wried for security system. LG ThinQ washer and dryer included.

At $595/sqft, this home is priced 52% 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

1603 Willow St, Austin, TX 78702

Property Details

Price $1,750,000
Status Active Listing
Beds 5
Full Baths 4
Half Baths 1
Living Area 2,942 sqft
Lot Size 0.13 acres (5,553.9 sqft)
Year Built 2023
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision 1603 Willow Condos
County Travis
Zip Code 78702
$/sqft $595/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $30,327
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT221168584
List Date March 3, 2026
Elementary School Metz
Middle School Martin
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.

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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
3209 Clawson Rd
South Lamar
$1,750,000 $455 5 bd / 4 ba 3,844 sqft , 2026-02-18
2112 Lawnmont Ave
Shoalmont Add Resub
$1,750,000 $601 5 bd / 5 ba 2,910 sqft , 2025-12-26
1613 CHURCHWOOD Cv
WOODS OF WESTLAKE HEIGHTS
$1,750,000 $508 4 bd / 3 ba 3,446 sqft , 2026-06-03
1109 W Annie St
Bouldin Creek
$1,750,000 $560 6 bd / 6 ba 3,124 sqft , 2026-06-11
1111 W Annie St
Bouldin James E Add
$1,750,000 $561 6 bd / 6 ba 3,119 sqft , 2026-06-11

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
$8,400/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
$350,000
20% conventional investment loan

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

Estimated Gross Rent+$8,400
Principal + Interest−$9,550
Property Tax (~2.1% TX avg)−$3,063
Insurance (~0.5%)−$729
Est. Monthly Cash Flow $-4,942

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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