Active Listing  ·  113 days on market

1803 Palma Plz

Austin, TX 78703
$2,995,000
4 Bed 4 Bath 2,866 sqft $1,045/sqft Built 1936 0.19 acres Pool Enfield H

Originally built in 1936 and masterfully reimagined by esteemed architect Tina Contros, this sophisticated residence in the heart of Old West Austin is a true architectural gem. Thoughtfully curated with refined finishes and elegantly proportioned spaces, the home effortlessly balances gracious entertaining with an elevated everyday lifestyle. Two beautifully appointed suites mirror one another in both scale and design, each offering abundant natural light and well-considered amenities that create a sense of harmony and retreat. The result is a layout that feels both intentional and indulgent. Beyond the interiors, a private and inviting pool setting provides a serene escape, complemented by a detached guest house ideal for recreation or hosting overflow guests in comfort and style. Timeless in character yet seamlessly updated for modern living, this exceptional property is, in every sense, a true work of art.

At $1,045/sqft, this home is priced 167% 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

1803 Palma Plz, Austin, TX 78703

Property Details

Price $2,995,000
Status Active Listing
Beds 4
Full Baths 4
Half Baths ,
Living Area 2,866 sqft
Lot Size 0.19 acres (8,450.64 sqft)
Year Built 1936
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Enfield H
County Travis
Zip Code 78703
$/sqft $1,045/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $34,627.69
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT231750556
List Date June 1, 2026
Elementary School Mathews
Middle School O Henry
High School Austin
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
2415 McCall Rd
Tarrytown
$2,998,000 $843 5 bd / 5 ba 3,557 sqft , 2026-08-07
1315 W 9th St #B
1315 W 9th St Condos
$2,999,000 $999 3 bd / 3 ba 3,003 sqft , 2026-08-27
1006 Baylor St #202
Castle East Sub
$2,990,000 $911 3 bd / 4 ba 3,281 sqft , 2026-09-09
1907 McCall Rd
McCall
$2,850,000 $739 4 bd / 4 ba 3,859 sqft , 2026-09-09
501 West Ave #3403
5th and West Building
$2,800,000 $992 3 bd / 4 ba 2,822 sqft , 2026-02-11

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
$14,376/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
$599,000
20% conventional investment loan

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

Estimated Gross Rent+$14,376
Principal + Interest−$16,345
Property Tax (~2.1% TX avg)−$5,241
Insurance (~0.5%)−$1,248
Est. Monthly Cash Flow $-8,458

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 June 2, 2026.

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