About This Home

Beautifully renovated 3 Bedroom / 2 Bath home in the heart of 78745. Turn-key and ready to go! With an all-new spacious Primary Wing that boasts a large Primary Bedroom, Primary Walk-in Closet, and gorgeous Primary Bath. This charmer tucked away in a classic tree lined south Austin Neighborhood offers a slice of suburban tranquility - but is only minutes away from the action of urban shopping, dining and entertainment! A must see!

At $342/sqft, this home is 13% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1928 Miles Ave #1, Austin, TX 78745

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Property Details

Price $459,000

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,344 sqft

Lot Size 0.28 acres (12,414.6 sqft)

Year Built 1961

Garage ,

Stories ,

Type Residential · Single Family Residence

Subdivision Manchaca Estates

County Travis

Zip Code 78745

$/sqft $342/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $11,083.79

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT123871222

List Date August 17, 2024

Elementary School Cunningham

Middle School Covington

High School Crockett

School District ,

Have Questions About This Property?

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 · August 17, 2024 $599,000

Previous ask $469,000

Current ask $459,000

▼ Reduced $140,000 (-23.4%) 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

1213 Dunstan Dr
Southwest Park $465,000 $385 3 bd / 2 ba 1,208 sqft , 2026-07-25

6915 Cherry Meadow Dr
Cherry Meadows $450,000 $349 4 bd / 2 ba 1,290 sqft , 2026-05-27

2526 Mcgregor Dr
Village Sec 05 $450,000 $328 3 bd / 2 ba 1,370 sqft , 2026-06-18

5803 Eureka Dr
Oasis Village Sec 03 $450,000 $355 3 bd / 2 ba 1,269 sqft , 2026-07-03

2329 Amur Dr
Independence Park Condo Amd $475,000 $332 3 bd / 2 ba 1,431 sqft , 2026-03-26

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

$2,203/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

$91,800

20% conventional investment loan

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

Estimated Gross Rent+$2,203

Principal + Interest−$2,505

Property Tax (~2.1% TX avg)−$803

Insurance (~0.5%)−$191

Est. Monthly Cash Flow $-1,296

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 12, 2026.

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

1928 Miles Ave #1