Active Listing  ·  17 days on market

1716 Karen Ave

Austin, TX 78757
$699,900
3 Bed 1 Bath 1,370 sqft $511/sqft Built 1955 0.28 acres Pool Brentwood Terrace

Just one block from Brentwood Elementary, this single-family home carries the soul of classic Austin — from the era when Allandale and Brentwood were first drawn onto the map. It sits on a generous 0.28-acre (12,253 sq. ft.) corner lot, shaded by mature oaks and pecans that simply can't be planted overnight.

Today, this property stands at an exciting crossroads: a seasoned fixer-upper ready for a renovation that honors its mid-century bones, or a cleared slate for a custom-built dream home in one of Austin's most desirable in-town neighborhoods. Either way, what you're buying is irreplaceable — the corner lot, the location, the legacy of a street where neighbors still know each other by name.

Quiet, canopied streets surrounded by thoughtfully updated mid-century homes — this is what neighborhood feel actually looks like. And the Burnet Road corridor just steps away keeps getting better: new sidewalks, bike paths, and streetscape upgrades are underway as part of the city's multi-year Burnet Road corridor project, making the area increasingly walkable.

The neighborhood's commercial spine delivers it all — Mama Betty's for Tex-Mex, District Kitchen for a date-night New American menu, Boulevard Social for craft cocktails, and Pocha Is Back for late-night Korean pocha vibes, plus Sugarwolf Bakery for coffee and pastries. It's one of Austin's most authentic and evolving local dining corridors.

78757 sits close to the Domain's tech corridors, central Austin, and major thoroughfares like MoPac and US-183 — a location that works for commuters, remote workers, and everyone in between.

An incredible, level corner lot in Brentwood — 12,253 sq. ft. / 0.2813 acres.

At $511/sqft, this home is priced 30% 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

1716 Karen Ave, Austin, TX 78757

Property Details

Price $699,900
Status Active Listing
Beds 3
Full Baths 1
Half Baths ,
Living Area 1,370 sqft
Lot Size 0.28 acres (12,240.36 sqft)
Year Built 1955
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Brentwood Terrace
County Travis
Zip Code 78757
$/sqft $511/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $12,844.74
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242646448
List Date August 7, 2026
Elementary School Brentwood
Middle School Lamar (Austin ISD)
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.

Schedule a Call →

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
7408 Woodrow Ave
Crestview Addn Sec 6
$674,950 $489 2 bd / 3 ba 1,380 sqft , 2026-08-20
6103 Janey Dr
Allandale West Sec 05
$725,000 $438 4 bd / 2 ba 1,657 sqft , 2026-08-20
1404 Justin Ln #2
crestview
$750,000 $473 3 bd / 3 ba 1,587 sqft , 2026-08-05
1106 Arcadia Ave
West View Heights
$630,000 $611 2 bd / 2 ba 1,031 sqft , 2026-05-14
5605 Sunshine Dr #11
SOL ON SUNSHINE CONDOMINIUMS
$625,000 $395 2 bd / 3 ba 1,584 sqft , 2026-04-09

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
$3,360/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
$139,980
20% conventional investment loan

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

Estimated Gross Rent+$3,360
Principal + Interest−$3,820
Property Tax (~2.1% TX avg)−$1,225
Insurance (~0.5%)−$292
Est. Monthly Cash Flow $-1,977

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 August 8, 2026.

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