Active Listing  ·  55 days on market

1606 Cedar Ave #A

Austin, TX 78702
$1,200,000
4 Bed 4 Bath 1,950 sqft $615/sqft Built 2026 0.14 acres 1-Car Garage Pool New Construction Glenwood Add

Modern design meets effortless East Austin living at 1606 Cedar Ave, Unit A. This newly constructed 4-bedroom, 3.5-bath residence delivers elevated design, thoughtful functionality, and exceptional indoor-outdoor living in one of Austin’s most dynamic urban locations. Step inside to soaring ceilings, engineered hardwood flooring, designer lighting, and a curated palette of custom finishes throughout. The kitchen makes a statement with slim shaker cabinetry, quartz countertops, stainless steel appliances, gas cooking, pot filler, and an oversized walk-in pantry. Sliding glass doors extend the living space outdoors to a private custom plunge pool, creating an intimate setting for entertaining or unwinding at home. The main-level primary suite offers a true retreat with a spa-inspired bath featuring a frameless walk-in shower, dual vanity, quartz surfaces, generous walk-in closet, and the added luxury of a private in-suite laundry area. Upstairs, three additional bedrooms, two full baths, a second laundry room, and a private deck provide flexibility for guests, work-from-home space, or everyday living. Complete with a metal roof, one-car garage, architectural exterior lighting, Ring doorbell, and designer selections throughout, this home pairs sophisticated style with the convenience East Austin buyers are looking for. A distinctive opportunity to enjoy modern architecture, a private pool, and intentional luxury just minutes from the energy, dining, and culture that make East Austin one of the city’s most sought-after destinations.

At $615/sqft, this home is priced 57% 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

1606 Cedar Ave #A, Austin, TX 78702

Property Details

Price $1,200,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 1,950 sqft
Lot Size 0.14 acres (6,046.13 sqft)
Year Built 2026
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Glenwood Add
County Travis
Zip Code 78702
$/sqft $615/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $5,250.38
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT243445745
List Date August 14, 2026
Elementary School Campbell
Middle School Kealing
High School McCallum
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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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · August 14, 2026 $1,200,000
Previous ask $1,250,000
Current ask $1,200,000
▲ Increased , (+0.0%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
3309 Goodwin Ave #A
Division A
$1,200,000 $643 3 bd / 3 ba 1,865 sqft , 2026-03-13
3309 Goodwin Ave #B
Division A
$1,200,000 $643 3 bd / 3 ba 1,865 sqft , 2026-03-13
2201 E 16th St
Division B
$1,199,900 $475 4 bd / 4 ba 2,524 sqft , 2026-07-08
3309 Larry Ln #1
Cherrywood
$1,199,900 $570 3 bd / 3 ba 2,104 sqft , 2026-07-23
1814 Maple Ave
Glenwood Add
$1,195,000 $517 3 bd / 3 ba 2,310 sqft , 2026-09-17

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
$5,760/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
$240,000
20% conventional investment loan

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

Estimated Gross Rent+$5,760
Principal + Interest−$6,549
Property Tax (~2.1% TX avg)−$2,100
Insurance (~0.5%)−$500
Est. Monthly Cash Flow $-3,389

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 October 4, 2026.

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