Active Listing  ·  76 days on market

2003 Rabb Rd

Austin, TX 78704
$1,950,000
3 Bed 3 Bath 2,724 sqft $716/sqft Built 1952 0.56 acres Pool Cannizzo Sec 03

Rare opportunity to own over 1/2 an acre between Zilker and Barton Hills—an unbeatable location. A 100-year-old cistern anchors the home, now serving as the kitchen and dining. The main residence was expanded in the 1950s to include two bedrooms, two baths, a living area, and office, with interior cut limestone walls and tongue-and-groove ceilings.

A well-loved and truly unique property, it also includes a separate apartment that has previously generated income and offers future flexibility, along with several outbuildings including a 600 sq ft air conditioned artist studio with patio area.

Square footage and bed/bath count includes the attached guest apartment.

At $716/sqft, this home is priced 83% 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

2003 Rabb Rd, Austin, TX 78704

Property Details

Price $1,950,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 2,724 sqft
Lot Size 0.56 acres (24,419.74 sqft)
Year Built 1952
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Cannizzo Sec 03
County Travis
Zip Code 78704
$/sqft $716/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $28,532.42
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT229757778
List Date May 20, 2026
Elementary School Zilker
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 #2
Barton Terrace Sec 04
$1,950,000 $753 3 bd / 4 ba 2,591 sqft , 2025-12-24
2803 Bridle Path
Westenfield 01
$1,950,000 $712 3 bd / 3 ba 2,737 sqft , 2026-03-06
4603 Avenue C None
HYDE PARK ANNEX
$1,950,000 $556 4 bd / 6 ba 3,508 sqft , 2026-07-01
210 Lavaca St #2903
Condo
$1,949,000 $901 3 bd / 3 ba 2,162 sqft , 2025-04-03
6105 Dusk Light Cv
Madrone Canyon
$1,945,000 $545 4 bd / 5 ba 3,569 sqft , 2026-04-06

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
$9,360/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
$390,000
20% conventional investment loan

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

Estimated Gross Rent+$9,360
Principal + Interest−$10,642
Property Tax (~2.1% TX avg)−$3,413
Insurance (~0.5%)−$813
Est. Monthly Cash Flow $-5,508

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →