Active Listing  ·  90 days on market

1609 Canterbury St #1

Austin, TX 78702
$1,775,000
5 Bed 6 Bath 3,210 sqft $553/sqft Built 2026 0.17 acres Pool New Construction Riverside

An exceptional opportunity to own one of Holly’s most compelling new residences, 1609 Canterbury delivers the feel of a true private compound with design, scale, and amenities unlike almost anything else in East Austin. Built by renowned Mopac Builders and thoughtfully curated by award-winning Patrice Nichole Studio, this striking full-stucco residence pairs clean modern architecture with custom windows, multiple balconies, downtown views, and a beautifully landscaped private setting on a quiet, tree-lined street. Inside, expansive windows flood the home with natural light, while a statement fireplace, warm custom millwork, designer finishes, and generous living spaces create a sophisticated yet inviting atmosphere. The chef’s kitchen is anchored by custom cabinetry, dramatic stone surfaces, and a premium Thermador appliance package, opening seamlessly to the dining and living areas for effortless entertaining. A dramatic 10-foot, four-panel sliding glass door blurs the line between indoors and out, connecting the main living space to a covered outdoor living and dining area, built-in grill, and resort-style backyard. The private pool is surrounded by generous decking and lawn space, with a conveniently located pool bath designed for easy indoor-outdoor living. The spacious primary suite offers a serene retreat with abundant natural light, a spa-inspired bath, dual vanity, oversized shower, and custom cabinetry, while additional bedrooms and flexible living areas provide room for guests, an office, gym, or creative space. Multiple covered balconies create additional outdoor rooms and capture treetop and downtown views. Gated, private, and beautifully landscaped, this home offers a rare combination of architectural presence and relaxed Austin living. Just moments from Lady Bird Lake, the hike-and-bike trail, Rainey Street, East Cesar Chavez, coffee shops, restaurants, and downtown, 1609 Canterbury is a design-forward Holly residence that truly stands apart.

At $553/sqft, this home is priced 42% above the Austin active market average of $390/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1609 Canterbury St #1, Austin, TX 78702

Property Details

Price $1,775,000
Status Active Listing
Beds 5
Full Baths 5
Half Baths 1
Living Area 3,210 sqft
Lot Size 0.17 acres (7,296.3 sqft)
Year Built 2026
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Riverside
County Travis
Zip Code 78702
$/sqft $553/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $21,087.64
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT243362782
List Date August 14, 2026
Elementary School Sanchez
Middle School Martin
High School Eastside Early College
School District Austin ISD

Austin ISD

Sanchez · Martin · Eastside Early College

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 $1,849,000
Current ask $1,775,000
▼ Reduced $74,000 (-4.0%) 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
1603 Willow St
1603 Willow Condos
$1,750,000 $595 5 bd / 5 ba 2,942 sqft , 2026-03-03
2007 Canterbury None #1
Driving Park Add
$1,889,000 $630 5 bd / 4 ba 3,000 sqft , 2026-06-18
2113 Haskell St
Driving Park Add
$1,650,000 $588 5 bd / 4 ba 2,808 sqft , 2026-09-15
2014 E 10th None
Grandview Place
$1,925,000 $551 6 bd / 5 ba 3,492 sqft , 2026-09-16
1603 Chelsea Ln #1
Chelsea Subd Lot 1
$1,950,000 $653 5 bd / 5 ba 2,984 sqft , 2026-10-05

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
$8,520/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
$355,000
20% conventional investment loan

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

Estimated Gross Rent+$8,520
Principal + Interest−$9,687
Property Tax (assumed ~2.1%)−$3,106
Insurance (assumed ~0.5%)−$740
Est. Monthly Cash Flow $-5,013

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 · 41 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. The written content was last updated on November 11, 2026.

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

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