Active Listing  ·  188 days on market

1813 E 38th 1/2 St #2

Austin, TX 78722
$899,000
3 Bed 3 Bath 1,713 sqft $525/sqft Built 2026 0.23 acres Pool New Construction Giles Place Sec 02

Coming soon to one of Austin’s most coveted neighborhoods, Cherrywood, these thoughtfully designed modern residences are ideally located just minutes from Mueller and the University of Texas, offering an exceptional blend of walkability, connectivity, and refined design. Designed and built by award-winning Howdy Homes with interiors curated by A Taste of Koko — an AIA Austin 2025 VIP House designer featured in The Wall Street Journal, TRIBEZA, Magnolia Network, and Austin Monthly — Cherrywood Modern consists of three residences offering 3–4 bedrooms, 2.5–3.5 baths, and approximately 1,713–2,187 square feet, each showcasing spacious open-concept layouts ideal for both everyday living and entertaining. High-end finishes, custom cabinetry, curated textures, and functional floor plans create a warm yet elevated aesthetic with flexibility for a variety of lifestyles. Residents enjoy walkable access to Mueller Lake Park, the University of Texas, Moody Center, Alamo Drafthouse, and everyday conveniences such as HEB Mueller, along with a vibrant collection of nearby coffee shops, acclaimed dining, neighborhood bars, and local boutiques that define the character of Central Austin living. Residence details include Units A & B offering approximately 2,187 square feet and Unit 2 offering approximately 1,713 square feet, presenting a rare opportunity to own high-quality new construction in one of Central Austin’s most desirable and enduring neighborhoods. Est completion in April. Sold individually or as a package. Contact the agent for a private tour.

At $525/sqft, this home is priced 34% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1813 E 38th 1/2 St #2, Austin, TX 78722

Property Details

Price $899,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,713 sqft
Lot Size 0.23 acres (9,922.97 sqft)
Year Built 2026
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Giles Place Sec 02
County Travis
Zip Code 78722
$/sqft $525/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $12,317.2
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT216751617
List Date January 28, 2026
Elementary School Maplewood
Middle School Kealing
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
4530 Clawson Rd #1
Park Forest Sec 03
$899,000 $474 3 bd / 3 ba 1,896 sqft , 2026-01-18
1131 Poquito St #A
11315 Poquito Condo Ame
$899,000 $578 3 bd / 3 ba 1,556 sqft , 2026-04-24
8904 Chisholm Ln
Western Ridge Estates Sec A
$899,000 $419 3 bd / 3 ba 2,144 sqft , 2026-01-15
3001 Del Curto Rd #35
Canopy Condo
$899,000 $416 4 bd / 3 ba 2,163 sqft , 2026-04-15
7809 Old Bee Caves Rd #19
Cayena Creekside
$899,000 $506 3 bd / 3 ba 1,778 sqft , 2026-05-21

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
$4,315/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
$179,800
20% conventional investment loan

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

Estimated Gross Rent+$4,315
Principal + Interest−$4,906
Property Tax (~2.1% TX avg)−$1,573
Insurance (~0.5%)−$375
Est. Monthly Cash Flow $-2,539

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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