Active Listing  ·  158 days on market

2005 E 8th St #1

Austin, TX 78702
$2,250,000
4 Bed 5 Bath 3,027 sqft $743/sqft Built 2024 0.13 acres 1-Car Garage Pool Oil Mill

East Austin doesn’t do “boring,” and neither does this place. Newer construction (built in 2024), this home puts you right in the heart of one of Austin’s most buzzed-about neighborhoods, with a setup that feels equal parts stylish and livable. The layout is open, bright, and built for hosting, with the main living area flowing seamlessly to multiple outdoor spaces so the party can spill outside without any effort. The kitchen is the real deal with high-end appliances and a clean, modern look that still feels warm enough for everyday life. And then there are the patios… four expansive outdoor decks that give you options for everything from slow mornings to late-night hangs, with downtown views and sunsets stealing the show. Out back, it’s giving boutique-hotel vibes: a resort-style saltwater pool, outdoor kitchen, a spacious covered patio, and low-maintenance turf so you get the fun without the weekend yard work. Inside, you’ve got room to stretch out with 4 bedrooms, 3 full bathrooms, 2 half bathrooms, two separate living areas, and a dedicated home office that makes working from home feel legit. The location nails it! You’re a quick 5-minute walk to the bars, restaurants, and coffee spots on East 6th, about a mile from Downtown and Lady Bird Lake, and roughly 6 miles to the airport. Plus, you’re near Houston-Tillotson University and minutes from UT, so you’re surrounded by the culture, history, and momentum that keep East Austin feeling alive. This one’s the best of both worlds: right in the mix when you want it, private oasis when you don’t. Buyer to verify all info.

At $743/sqft, this home is priced 90% 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

2005 E 8th St #1, Austin, TX 78702

Property Details

Price $2,250,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 2
Living Area 3,027 sqft
Lot Size 0.13 acres (5,771.7 sqft)
Year Built 2024
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Oil Mill
County Travis
Zip Code 78702
$/sqft $743/sqft
Days on Market ,
HOA $50/Annually
Annual Tax Est. $28,885.46
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT220503694
List Date February 27, 2026
Elementary School Zavala
Middle School Kealing
High School Eastside Early College
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
3901 Prentice Ln
West Rim
$2,250,000 $589 4 bd / 4 ba 3,820 sqft , 2026-04-16
4506 Chiappero Trl
Shoal Village Sec 02
$2,250,000 $737 5 bd / 5 ba 3,052 sqft , 2026-07-01
12432 Beverly Villas Ct
Beverly Ridge Condo
$2,250,000 $663 4 bd / 5 ba 3,392 sqft , 2026-07-29
3302 Big Bend Dr
Highland Park West
$2,249,700 $692 4 bd / 4 ba 3,251 sqft , 2026-07-21
2922 Thousand Oaks Dr
Treemont Ph A Sec 01
$2,249,000 $653 4 bd / 4 ba 3,446 sqft , 2026-05-20

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
$10,800/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
$450,000
20% conventional investment loan

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

Estimated Gross Rent+$10,800
Principal + Interest−$12,279
Property Tax (~2.1% TX avg)−$3,938
Insurance (~0.5%)−$938
Est. Monthly Cash Flow $-6,355

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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