Active Listing  ·  139 days on market

1709 Valeria St

Austin, TX 78704
$3,299,950
5 Bed 5 Bath 4,255 sqft $776/sqft Built 2026 0.21 acres 2-Car Garage Pool New Construction Fowler Heights

Sophisticated design meets the quintessential South Austin lifestyle at this stunning new build. Crafted with an eye for modern luxury, 1709 Valeria St is an architectural masterclass, blending dramatic rooflines and clean stucco finishes with the warmth of natural wood accents.

Spanning three levels and 4,255 square feet, this residence is designed for seamless, elevated living. The main floor centers around a light-filled open living and dining area, perfectly complemented by a gourmet kitchen. This level also features a private office for focused work and a luxurious primary suite that serves as a true sanctuary, complete with vaulted ceilings, a spa-inspired bath, and a generous walk-in closet.

The second floor offers functional flexibility with three additional bedrooms and a cozy family room, while the third floor reveals a dramatic, vaulted flex space—ideal for a dedicated media room, a creative play area, or an expansive guest suite with full bath.

Designed for the Austin lifestyle, the home’s exterior is just as compelling. The large, inviting backyard patio and a sparkling rectangular pool create an effortless transition between indoor comfort and outdoor leisure, perfect for both hosting lively gatherings and enjoying quiet evenings under the stars.

Located in the heart of the 78704, this home places you in the center of one of Austin’s most storied neighborhoods and Zilker Elementary. You are steps away from the eclectic energy of South Lamar, where local favorites like Matt's El Rancho and Desnudo Coffee meet the immediate access of the Barton Creek Greenbelt. It is a rare opportunity to own a home that balances high-end, contemporary architecture with the deep-rooted, laid-back personality that makes South Austin special while being in the highly desirable....Zilker!

At $776/sqft, this home is priced 99% 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

1709 Valeria St, Austin, TX 78704

Property Details

Price $3,299,950
Status Active Listing
Beds 5
Full Baths 4
Half Baths 1
Living Area 4,255 sqft
Lot Size 0.21 acres (9,147.6 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Fowler Heights
County Travis
Zip Code 78704
$/sqft $776/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $21,652.71
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT237729401
List Date June 26, 2026
Elementary School Zilker
Middle School O Henry
High School Austin
School District Austin ISD

Austin ISD

Zilker · O Henry · Austin

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 · June 26, 2026 $3,600,000
Previous ask $3,350,000
Current ask $3,299,950
▼ Reduced $300,050 (-8.3%) 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
706 Barton Blvd
South Lund Park Sec 02
$3,200,000 $986 5 bd / 3 ba 3,244 sqft , 2026-06-22
1304 Folts Ave
South Lund South
$3,195,000 $872 4 bd / 4 ba 3,665 sqft , 2026-05-22
2404 Arpdale St
Barton Hills Sec 03A
$3,195,000 $815 5 bd / 5 ba 3,918 sqft , 2026-10-15
2013 Holland Ave
Zilker
$3,559,000 $884 4 bd / 5 ba 4,027 sqft , 2026-07-15
704 W Elizabeth St
South Heights
$2,999,999 $862 5 bd / 6 ba 3,480 sqft , 2026-10-29

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
$15,840/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
$659,990
20% conventional investment loan

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

Estimated Gross Rent+$15,840
Principal + Interest−$18,009
Property Tax (assumed ~2.1%)−$5,775
Insurance (assumed ~0.5%)−$1,375
Est. Monthly Cash Flow $-9,319

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 8, 2026.

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

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