About This Home

Tucked behind a manicured row of hedges on a quiet street in the heart of Zilker, this updated 1960s ranch-style home has been thoughtfully updated to live comfortably in modern day Austin. Ideally situated between South Lamar and Barton Springs Pool/Zilker Park, you'll have some of South Austin's best restaurants, parks, and entertainment just moments from your doorstep. Inside, the renovated kitchen features new countertops, backsplash, flooring, and appliances, while the beautifully remodeled bathroom has been transformed into a spa-inspired retreat. A spacious sunroom addition expands the living area, giving the home a larger feel than its square footage suggests. Don't miss the extra storage in the backyard and under the carport. New HVAC installed in 2023.

At $916/sqft, this home is priced 134% 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

1815 Ashby Ave, Austin, TX 78704

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Property Details

Price $975,000

Status Active Listing

Beds 3

Full Baths 1

Half Baths ,

Living Area 1,064 sqft

Lot Size 0.15 acres (6,621.12 sqft)

Year Built 1960

Garage ,

Stories ,

Type Residential · Single Family Residence

Subdivision South Lund South

County Travis

Zip Code 78704

$/sqft $916/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $15,549.34

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT243189012

List Date August 12, 2026

Elementary School Zilker

Middle School O Henry

High School Austin

School District ,

Have Questions About This Property?

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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 · August 12, 2026 $975,000

Previous ask $995,000

Current ask $975,000

▲ Increased , (+0.0%) 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

1600 S 1st St #403
Willa Community $925,000 $802 2 bd / 2 ba 1,153 sqft , 2026-02-02

1900 Barton Springs Rd #2026
Zilkr/Pk Condos $900,000 $694 2 bd / 2 ba 1,296 sqft , 2026-04-22

800 W Gibson St
South Heights $895,000 $670 2 bd / 2 ba 1,335 sqft , 2026-08-14

900 S 2nd St #22
Bouldin Court Condos $859,500 $688 2 bd / 3 ba 1,250 sqft , 2026-04-09

2209 South 1st St #330
One Oak Condos $849,000 $723 2 bd / 2 ba 1,175 sqft , 2026-06-04

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

$4,680/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

$195,000

20% conventional investment loan

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

Estimated Gross Rent+$4,680

Principal + Interest−$5,321

Property Tax (~2.1% TX avg)−$1,706

Insurance (~0.5%)−$406

Est. Monthly Cash Flow $-2,753

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

About the Author

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 22, 2026.

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

1815 Ashby Ave