Active Listing  ·  74 days on market

1704 Parkside Ln

Austin, TX 78745
$475,000
4 Bed 2 Bath 1,644 sqft $289/sqft Built 1966 0.19 acres Pool Cherry Creek

First time on market in 26 years! Backing directly to Garrison Park on a quiet street surrounded by long-time neighbors and pride of ownership, this property offers the rare combination of location, layout, and upside that investors, flippers, designers, and future homeowners are all chasing right now.

With a floorplan that already feels ahead of its time, the home features an oversized Primary Suite and large secondary bedroom tucked privately toward the rear, while the additional front bedrooms create flexibility for guests, office space, or future redesign potential. The bones are here. The layout works. Now it is ready for someone with vision to bring it fully to life.

Major improvements already completed include newer Anderson windows and sliding glass door, along with modern 8-foot horizontal fencing that frames an incredible backyard space just waiting for restoration and reinvention. Whether you envision a designer renovation, outdoor entertaining oasis, expanded living concept, or simply reviving the existing charm, the backyard alone creates an opportunity that is getting harder and harder to find in this area.

Sqft and floorplan are deemed reliable but not exact, and the home is believed to be larger than TCAD reflects. Buyers to verify all information independently. Property is still in the final stages of clearing just a few furniture pieces.

This is not just another fixer-upper. This is a chance to create something special in one of South Austin’s most loved pockets, directly backing to green space with room to add value, personality, and equity.

Opportunities with this kind of setting, layout, and potential do not last long. Bring your contractor, your designer, your imagination, or your forever-home vision - and come see what this property could become before someone else does!

At $289/sqft, this home is 26% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1704 Parkside Ln, Austin, TX 78745

Property Details

Price $475,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 1,644 sqft
Lot Size 0.19 acres (8,176.21 sqft)
Year Built 1966
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Cherry Creek
County Travis
Zip Code 78745
$/sqft $289/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,269.73
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT229082814
List Date June 11, 2026
Elementary School Cunningham
Middle School Bedichek
High School Crockett
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.

Schedule a Call →

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 · June 11, 2026 $499,500
Current ask $475,000
Reduced $24,500 (-4.9%) 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
2329 Amur Dr
Independence Park Condo Amd
$475,000 $332 3 bd / 2 ba 1,431 sqft , 2026-03-26
1213 Dunstan Dr
Southwest Park
$465,000 $385 3 bd / 2 ba 1,208 sqft , 2026-07-25
304 Skyloop Dr
Buckingham Ridge Sec 02
$485,000 $343 3 bd / 2 ba 1,412 sqft , 2026-05-26
6409 Bradsher None #B
Sunnyvale
$485,000 $350 3 bd / 3 ba 1,385 sqft , 2026-06-04
1905 Bissel Ln
Matthews Place
$485,000 $312 3 bd / 2 ba 1,555 sqft , 2026-06-06

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
$2,280/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
$95,000
20% conventional investment loan

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

Estimated Gross Rent+$2,280
Principal + Interest−$2,592
Property Tax (~2.1% TX avg)−$831
Insurance (~0.5%)−$198
Est. Monthly Cash Flow $-1,341

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 July 31, 2026.

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