Active Listing  ·  103 days on market

1808 Sylvan Dr #1

Austin, TX 78741
$799,000
4 Bed 4 Bath 1,793 sqft $446/sqft Built 2026 0.19 acres Pool New Construction Fawn Ridge Sec 01

Situated in the highly sought after East Travis Heights pocket, 1808 Sylvan Dr is an exclusive 3-unit development offering thoughtfully designed new construction just minutes from South Congress, Lady Bird Lake, Downtown Austin, and a short drive to the airport. Designed by acclaimed firm Kelley Design Group and built by reputable local builder CKN Homes, this boutique community blends elevated architecture, intentional layouts, and high quality construction in one of Austin’s most desirable central neighborhoods. Delivering Fall 2026, each residence will offer approximately 1,793–1,807 square feet featuring 4 bedrooms and 4 full bathrooms with functional open-concept living designed for both everyday comfort and entertaining. Interiors will showcase designer-selected finishes and materials throughout, expansive windows bringing in an abundance of natural light, spacious living and dining areas, and a seamless connection between the kitchen and main living spaces. Every detail has been thoughtfully curated to deliver a timeless and elevated living experience. A rare opportunity to own new construction in East Travis Heights with no HOA dues and no STR restrictions, providing flexibility for both primary residence and investment potential. Enjoy close proximity to some of Austin’s most iconic restaurants, coffee shops, nightlife, parks, and trails while still tucked into a residential setting moments from the city’s core. Inquire for additional information, floor plans, and private on-site showings.

At $446/sqft, this home is priced 14% 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

1808 Sylvan Dr #1, Austin, TX 78741

Property Details

Price $799,000
Status Active Listing
Beds 4
Full Baths 4
Half Baths ,
Living Area 1,793 sqft
Lot Size 0.19 acres (8,472.42 sqft)
Year Built 2026
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Fawn Ridge Sec 01
County Travis
Zip Code 78741
$/sqft $446/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,483
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT227307451
List Date April 23, 2026
Elementary School Travis
Middle School Lively
High School Travis
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
4412 S 1st St #2
Hartkopf Annex
$799,000 $417 3 bd / 4 ba 1,918 sqft , 2026-02-21
2226 Westlake Dr #1-3
Las Colinas At Lake Austin Con
$799,000 $492 3 bd / 2 ba 1,623 sqft , 2025-08-07
103 S Laurelwood Dr S
LAKE RIDGE ESTATES SEC 3
$799,000 $402 3 bd / 2 ba 1,989 sqft , 2026-02-05
2612 Little John Ln
Sherwood Oaks Sec 03
$799,000 $603 3 bd / 2 ba 1,326 sqft , 2026-03-10
6620 Isabelle Dr #A
Huntland Heights Sec 02
$799,000 $402 3 bd / 3 ba 1,986 sqft , 2026-03-04

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
$3,835/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
$159,800
20% conventional investment loan

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

Estimated Gross Rent+$3,835
Principal + Interest−$4,360
Property Tax (~2.1% TX avg)−$1,398
Insurance (~0.5%)−$333
Est. Monthly Cash Flow $-2,256

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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