Active Listing  ·  298 days on market

205 Medina St #1

Austin, TX 78702
$1,250,000
3 Bed 3 Bath 1,657 sqft $754/sqft Built 2026 0.18 acres 1-Car Garage Pool New Construction SHELLEY N G SUBD

This award-winning modern home by Joseph Design Build offers refined urban living in Austin's highly desirable Holly neighborhood. The residence features modern architecture with expansive windows that bathe the space in natural light and a roof deck with amazing downtown views, complemented by premium finishes including custom walnut cabinetry, white oak flooring throughout, and elegant stone countertops in the kitchen and bathrooms.

The home features comprehensive smart home technology with built-in speakers, automated blinds, integrated security systems, centralized Wi-Fi, smart thermostats, and video doorbell functionality. Outside, residents can enjoy a private pool surrounded by lush landscaping, creating an ideal space for both relaxation and entertaining. Located in vibrant Holly, the property combines modern luxury with the neighborhood's renowned walkability and proximity to Austin's urban core, delivering an unparalleled living experience.

At $754/sqft, this home is priced 93% 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

205 Medina St #1, Austin, TX 78702

Property Details

Price $1,250,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,657 sqft
Lot Size 0.18 acres (7,779.82 sqft)
Year Built 2026
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision SHELLEY N G SUBD
County Travis
Zip Code 78702
$/sqft $754/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT208960614
List Date October 10, 2025
Elementary School Sanchez
Middle School Martin
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
2002 Kinney Ave #B
Kinney Ave Condo Amd 2002
$1,250,000 $654 3 bd / 3 ba 1,910 sqft , 2025-09-25
2504 Wildgrove Dr
Barton Terrace Sec 03
$1,250,000 $688 3 bd / 2 ba 1,816 sqft , 2024-11-25
1179 Poquito St
Foster
$1,250,000 $887 2 bd / 2 ba 1,410 sqft , 2026-05-15
3622 Peregrine Falcon Dr
Woodhaven
$1,250,000 $620 4 bd / 3 ba 2,016 sqft , 2026-07-14
3309 Larry Ln #1
Cherrywood
$1,249,990 $594 3 bd / 3 ba 2,104 sqft , 2026-07-23

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
$6,000/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
$250,000
20% conventional investment loan

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

Estimated Gross Rent+$6,000
Principal + Interest−$6,822
Property Tax (~2.1% TX avg)−$2,188
Insurance (~0.5%)−$521
Est. Monthly Cash Flow $-3,531

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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