Active Listing  ·  7 days on market

1606 Salina St

Austin, TX 78702
$1,000,000
4 Bed 3 Bath 2,219 sqft $451/sqft Built 2016 0.08 acres Pool LE Foster Addn

Discover innovative design and elevated finishes in this thoughtfully crafted modern residence, ideally positioned in the heart of vibrant East Austin. Built with sustainability in mind, the home seamlessly blends eco-conscious features with sophisticated style and everyday functionality. Inside, a fully integrated smart home system pairs with custom cabinetry, sleek quartz countertops, and a striking mix of concrete and eucalyptus flooring. Designer lighting and curated tile selections elevate each space, while expansive windows and frameless glass elements enhance the home’s clean, modern aesthetic. The private primary suite offers a serene retreat, complemented by a flexible media room or office to suit a variety of lifestyles. Open-concept living areas create effortless flow for both daily living and entertaining. Step outside to seamless indoor-outdoor connectivity. The fenced, xeriscaped yard is designed for low maintenance and high impact, featuring turf accents, an electric gate, and ample space to gather, lounge, or expand. Situated on a desirable corner lot with alley access, the property is fully gated with perimeter fencing, offering both privacy and presence—just minutes from downtown Austin and the best dining, coffee, and culture the East Side has to offer.

At $451/sqft, this home is priced 15% 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 Salina St, Austin, TX 78702

Property Details

Price $1,000,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,219 sqft
Lot Size 0.08 acres (3,484.8 sqft)
Year Built 2016
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision LE Foster Addn
County Travis
Zip Code 78702
$/sqft $451/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $15,660
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246907243
List Date September 15, 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
1007 E 15th St ##3
Division B
$1,000,000 $506 3 bd / 4 ba 1,977 sqft , 2026-09-09
1205 E 9th St
Division B
$997,700 $474 3 bd / 3 ba 2,104 sqft , 2026-06-07
2302 E 9th St
Grandview Place
$949,500 $401 4 bd / 3 ba 2,369 sqft , 2026-06-18
1206 Maple Ave #A/B
Glenwood Add
$948,900 $429 5 bd / 5 ba 2,212 sqft , 2026-07-08
2201 E 9th St
Prospect At East Ninth Garden
$1,058,900 $422 4 bd / 3 ba 2,509 sqft , 2026-07-02

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
$4,800/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
$200,000
20% conventional investment loan

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

Estimated Gross Rent+$4,800
Principal + Interest−$5,457
Property Tax (~2.1% TX avg)−$1,750
Insurance (~0.5%)−$417
Est. Monthly Cash Flow $-2,824

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 September 17, 2026.

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