Active Listing  ·  89 days on market

1900 Matthews Dr

Austin, TX 78703
$2,599,000
4 Bed 4 Bath 2,880 sqft $902/sqft Built 2026 0.10 acres 2-Car Garage Pool New Construction Laurel Heights

Only townhome remaining! Set deep in a premier pocket of Tarrytown bound by Lake Austin and originally developed in 1920, this new home (2026) is crafted with designer elements surrounded by stucco and brick exteriors. Situated on a single lot with two detached townhomes sold via condo declaration with zero fee HOA. Located just minutes from Downtown Austin, and set near tranquil Lake Austin, you will enjoy your own sanctuary while having all the benefits of proximity to downtown, restaurants, trails, golf, and public water access. The vacant parcel was part of the original Perry homestead built for Commodore Perry's son Edward H Perry Jr., the lot was held for the last thirty years by Congressman Lloyd Doggett before being sold to Whitworth Homes. Home features 12ft ceilings on main, two living areas, level 5 drywall, Wolf range, antique brass Emtek hardware, Kolbe multi-point doors & Kolbe windows, custom cabinetry with integrated panel appliances, white oak hardwoods, honed quartz counters, and exceptional trim out. Functional elements include electric vehicle charger, two Rinnai on demand gas water heaters, gas/electric option for laundry, alarm system wired for exterior cameras, and home network with wifi booster points. Casis Elementary, O'Henry Middle School, Austin High.

At $902/sqft, this home is priced 130% above the Austin active market average of $393/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1900 Matthews Dr, Austin, TX 78703

Property Details

Price $2,599,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,880 sqft
Lot Size 0.10 acres (4,356 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Laurel Heights
County Travis
Zip Code 78703
$/sqft $902/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $25,916
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT237331998
List Date June 25, 2026
Elementary School Casis
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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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 · June 25, 2026 $2,675,000
Current ask $2,599,000
Reduced $76,000 (-2.8%) 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
2433 Westlake Dr
Orleans Harbor Condo Amd
$2,695,000 $1,256 3 bd / 3 ba 2,146 sqft , 2026-09-03
2909 Hillview Rd
Brown Herman Add 02 Sec 05
$2,750,000 $824 4 bd / 3 ba 3,337 sqft , 2026-09-07
2101 Stamford Ln
Westfield A
$2,250,000 $791 4 bd / 4 ba 2,846 sqft , 2026-09-02
3901 Prentice Ln
West Rim
$2,195,000 $575 4 bd / 4 ba 3,820 sqft , 2026-04-16
1910 Rue De St Tropez None #4
St Tropez
$2,175,000 $670 3 bd / 3 ba 3,248 sqft , 2026-02-12

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
$12,475/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
$519,800
20% conventional investment loan

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

Estimated Gross Rent+$12,475
Principal + Interest−$14,184
Property Tax (~2.1% TX avg)−$4,548
Insurance (~0.5%)−$1,083
Est. Monthly Cash Flow $-7,340

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 September 13, 2026.

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