Active Listing  ·  14 days on market

209 Nelray Blvd

Austin, TX 78751
$950,000
4 Bed 3 Bath 1,708 sqft $556/sqft Built 1952 0.19 acres Pool Northfield Add

This North Loop gem blends 1950s character with a high-end, timeless remodel. The main house offers 3 bedrooms and 2 baths, while a 1-bed, 1-bath studio-style ADU out back makes the perfect guest house. Set on a generous 0.18-acre single-family lot, rare for the neighborhood, the property features a large limestone patio made for entertaining and multiple grassy areas for everyone to enjoy.

Step inside and you’ll be welcomed by an open floor plan, gorgeous wood floors, and an expansive renovated kitchen with Thermador appliances, quartz counters, a Zellige backsplash, and a waterfall island. Thoughtful pull-out cabinet organizers throughout make it as functional as it is beautiful.

The primary suite is a true retreat, with custom built-in wardrobes and a spa-like bath featuring a walk-in shower with a lighted wall-to-wall shampoo ledge, pillow subway tile, linen storage, and a Toto bidet toilet. Additional highlights include generous closets with Elfa organizers, two skylights that fill the home with natural light, and a laundry/mudroom finished with custom cabinetry and solid oak reeded-glass doors.

Outside, savor slow mornings on the back porch beneath mature pecan trees. Guests will love the privacy of the backyard guest house, and with a storage shed, solar panels, and an EV charger, it’s clear the owners have thought of everything.

North Loop is one of Austin’s most vibrant neighborhoods, with Home Slice, Drink Well, Foreign & Domestic, and Epoch Coffee (home of an epic annual block party) all within walking distance. UT football games and concerts at the Moody Center are just a 10-minute drive away, and the fast-growing Airport Corridor, with favorites like Lazarus Brewing, Kome Sushi, and Rocco’s, is an easy bike ride. Designated safe streets for walking and biking round out the incredible lifestyle that comes with 209 Nelray.

At $556/sqft, this home is priced 43% above the Austin active market average of $390/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

209 Nelray Blvd, Austin, TX 78751

Property Details

Price $950,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 1,708 sqft
Lot Size 0.19 acres (8,241.55 sqft)
Year Built 1952
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Northfield Add
County Travis
Zip Code 78751
$/sqft $556/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $15,931
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT251115978
List Date October 29, 2026
Elementary School Reilly
Middle School Lamar (Austin ISD)
High School McCallum
School District Austin ISD

Austin ISD

Reilly · Lamar (Austin ISD) · McCallum

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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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
608 Brentwood St #A
Brentwood Condominiums
$949,900 $485 3 bd / 3 ba 1,959 sqft , 2026-09-10
5511 Joe Sayers Ave #A
Broadacres
$945,000 $487 3 bd / 4 ba 1,940 sqft , 2026-05-08
932 E 53rd St
Ridgetop
$959,500 $426 4 bd / 4 ba 2,250 sqft , 2026-06-05
501 E 50th St
Hyde Park
$925,000 $456 3 bd / 3 ba 2,028 sqft , 2026-06-01
1004 Romeria Dr #1
See HOA docs
$899,950 $443 3 bd / 3 ba 2,030 sqft , 2026-10-24

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
$4,560/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
$190,000
20% conventional investment loan

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

Estimated Gross Rent+$4,560
Principal + Interest−$5,185
Property Tax (assumed ~2.1%)−$1,663
Insurance (assumed ~0.5%)−$396
Est. Monthly Cash Flow $-2,684

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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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 41 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. The written content was last updated on November 7, 2026.

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

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