Active Listing  ·  7 days on market

1902 Greenwood Ave #1

Austin, TX 78723
$1,450,000
6 Bed 6 Bath 2,936 sqft $494/sqft Built 2026 0.27 acres 1-Car Garage Pool New Construction Manor Road Add

Home 1 of The Greenwood Collection is the front and largest of three new-construction homes in East Austin, minutes from Mueller, with downtown skyline views from its third-floor covered terrace. Built in 2026, the home offers 2,936 sq ft, 6 bedrooms and 5.5 baths. Wide-plank white oak floors run through a main level with 10-ft ceilings, where the kitchen centers on a tiled waterfall island with a matching tile backsplash and hood, a 6-burner range and floor-to-ceiling cabinetry. Sliders open to a covered back deck and fenced yard. A full bedroom with en-suite bath on the main level is ready for guests. The vaulted primary suite has a custom walk-in closet, a freestanding soaking tub, a walk-in shower and a private balcony. A second-floor ADU with its own living area, bedroom and full bath is reached by exterior stairs, with the option to add a full kitchenette. Ideal for guests or potential STR income (buyer to verify licensing). Garage plus carport.

At $494/sqft, this home is priced 27% 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

1902 Greenwood Ave #1, Austin, TX 78723

Property Details

Price $1,450,000
Status Active Listing
Beds 6
Full Baths 5
Half Baths 1
Living Area 2,936 sqft
Lot Size 0.27 acres (11,909.3 sqft)
Year Built 2026
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Manor Road Add
County Travis
Zip Code 78723
$/sqft $494/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,204.67
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT230067111
List Date November 5, 2026
Elementary School Maplewood
Middle School Kealing
High School McCallum
School District Austin ISD

Austin ISD

Maplewood · Kealing · McCallum

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
2935 Pannell St
Pannell Place
$1,399,000 $462 6 bd / 5 ba 3,031 sqft , 2026-10-11
1801 Perez St
Chernosky
$1,100,000 $418 5 bd / 4 ba 2,634 sqft , 2026-11-02
1206 Maple Ave #A/B
Glenwood Add
$948,900 $429 5 bd / 5 ba 2,212 sqft , 2026-07-08

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
$6,960/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
$290,000
20% conventional investment loan

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

Estimated Gross Rent+$6,960
Principal + Interest−$7,913
Property Tax (assumed ~2.1%)−$2,538
Insurance (assumed ~0.5%)−$604
Est. Monthly Cash Flow $-4,095

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 · 41 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. The written content was last updated on November 11, 2026.

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

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