Active Listing  ·  55 days on market

1606 Cedar Ave #B

Austin, TX 78702
$699,000
2 Bed 3 Bath 1,080 sqft $647/sqft Built 2026 0.14 acres Pool New Construction Glenwood Add

Modern design meets thoughtful functionality at 1606 Cedar Ave, Unit B. This newly built 2-bedroom, 2.5-bath residence offers 1,080 square feet of elevated living with designer selections and custom details throughout. The open-concept main level features engineered hardwood floors, Andersen windows, and a showpiece kitchen with an oversized island, custom cabinetry, gas cooking, slide-in range, statement hood, pot filler, refrigerator, dishwasher, and walk-in pantry. A designer half bath completes the main level. Upstairs, both bedrooms offer private full baths with custom tile and curated finishes, plus custom closets and a conveniently located laundry room. Outside, enjoy a private fenced backyard with wood privacy fencing, sprinkler system, and outdoor patio. A metal roof, window screens, and dedicated parking space complete this modern Austin home. Stylish, functional, and intentionally designed—Unit B delivers high-end finishes without wasted space. Email agent for floorpans.

At $647/sqft, this home is priced 65% 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 #B, Austin, TX 78702

Property Details

Price $699,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths 1
Living Area 1,080 sqft
Lot Size 0.14 acres (6,046.13 sqft)
Year Built 2026
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Glenwood Add
County Travis
Zip Code 78702
$/sqft $647/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $5,250.38
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT243479381
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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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
3820 Hermalinda St
Mueller Sec 05
$675,000 $539 3 bd / 2 ba 1,252 sqft , 2026-09-12
1124 Tillery St
Division A
$675,000 $842 2 bd / 1 ba 802 sqft , 2026-07-18
3503 Robinson Ave
University Park
$650,000 $804 2 bd / 2 ba 808 sqft , 2026-09-25
1911 College Row
Grandview Place
$639,000 $705 2 bd / 2 ba 907 sqft , 2026-06-14
1002 Walter St
Rosewood Village Sec 8
$625,000 $537 3 bd / 2 ba 1,164 sqft , 2025-08-18

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
$3,355/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
$139,800
20% conventional investment loan

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

Estimated Gross Rent+$3,355
Principal + Interest−$3,815
Property Tax (~2.1% TX avg)−$1,223
Insurance (~0.5%)−$291
Est. Monthly Cash Flow $-1,974

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 7, 2026.

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