Active Listing  ·  53 days on market

1904 Schulle Ave

Austin, TX 78703
$1,875,000
4 Bed 4 Bath 2,900 sqft $647/sqft Built 1948 0.24 acres Pool Sherwood Forest

Nestled beneath a canopy of mature trees, this inviting property blends classic Austin charm with versatile modern living. The main residence features 3 spacious bedrooms and 3 full bathrooms. The spacious living area offers a comfortable and functional layout ideal for both everyday living and entertaining.

Natural light fills the home, highlighting warm, welcoming interiors and seamless flow between living spaces. Step outside to an enchanting backyard shaded by established trees, perfect for relaxing evenings or weekend gatherings.

A standout feature of this property is the detached 1 bed / 1 bath ADU, complete with a full kitchen and in-unit washer and dryer. Whether used as a guest house, rental opportunity, or private workspace, this flexible space adds exceptional value.

Enjoy the quintessential Austin lifestyle from the charming front porch—an ideal spot for morning coffee or visiting with friends. Located just minutes from Lake Austin, downtown, and Town Lake Trail, this Tarrytown gem offers a rare combination of privacy, charm, and convenience.

Don’t miss your opportunity to own a piece of one of Austin’s most beloved neighborhoods.

At $647/sqft, this home is priced 65% 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

1904 Schulle Ave, Austin, TX 78703

Property Details

Price $1,875,000
Status Active Listing
Beds 4
Full Baths 4
Half Baths ,
Living Area 2,900 sqft
Lot Size 0.24 acres (10,332.43 sqft)
Year Built 1948
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Sherwood Forest
County Travis
Zip Code 78703
$/sqft $647/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $32,150.67
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT235566075
List Date June 12, 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.

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
1403 Barton Hills Dr #3
Barton Terrace Sec 04
$1,875,000 $750 3 bd / 4 ba 2,500 sqft , 2025-12-24
2002 Meadowbrook Dr
Tarry Town 03
$1,875,000 $960 3 bd / 2 ba 1,954 sqft , 2026-08-01
4705 Fairview Dr
Highland Park West
$1,885,000 $618 4 bd / 3 ba 3,048 sqft , 2026-05-14
2007 Canterbury None #1
Driving Park Add
$1,890,000 $630 5 bd / 4 ba 3,000 sqft , 2026-06-18
44 East Ave #3707
44 East Ave Condos
$1,895,000 $951 3 bd / 3 ba 1,993 sqft , 2026-05-01

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
$9,000/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
$375,000
20% conventional investment loan

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

Estimated Gross Rent+$9,000
Principal + Interest−$10,233
Property Tax (~2.1% TX avg)−$3,281
Insurance (~0.5%)−$781
Est. Monthly Cash Flow $-5,295

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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