Active Listing  ·  12 days on market

221 Park Ln

Austin, TX 78704
$2,590,000
6 Bed 5 Bath 2,870 sqft $902/sqft Built 1949 0.38 acres Pool Sedwick A B Resub

Hidden beneath a canopy of towering Live Oaks in the heart of Travis Heights lies a private retreat where the energy of South Congress is just a short stroll away, yet the moment you arrive, the outside world seems to disappear. Blocks from boutiques, acclaimed restaurants, coffee shops, and live music that define South Congress, this unique furnished property spreads across a spacious corner lot. The property includes a beautifully restored main residence and 3 thoughtfully designed guest cottages, creating 6 bedrooms and 5 full bathrooms across 2,870 square feet. The main home was originally built in1949 and thoughtfully rebuilt in 2009. Vaulted ceilings, warm Southern Pine floors, handcrafted Mesquite cabinetry, a reclaimed Texas Capitol window, Camp Swift architectural materials, and a striking stone fireplace plus a well-appointed kitchen flow effortlessly into multiple living and dining areas. Each guest cottage has its own distinctive personality. The Garden Cottage offers a private bedroom and fully equipped kitchen, the Carriage House features a charming loft and comfortable living space, and the beloved Vicky House provides a cozy studio retreat crafted with reclaimed materials. Beneath 300-year-old Live Oaks, you can enjoy a swim and outdoor shower, harvest fresh herbs from the organic garden, or unwind on one of several inviting patios. Sustainable features—including solar panels, an EV charger, and decades of chemical-free stewardshipreflect the property's mindful design. Walk just a few minutes to iconic South Congress for dinner, coffee, shopping, or live music at the legendary Continental Club. Spend your mornings jogging along Lady Bird Lake, biking the hike-and-bike trails, or relaxing at nearby Stacy Park before returning home to your own private oasis.

At $902/sqft, this home is priced 130% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

221 Park Ln, Austin, TX 78704

Property Details

Price $2,590,000
Status Active Listing
Beds 6
Full Baths 5
Half Baths ,
Living Area 2,870 sqft
Lot Size 0.38 acres (16,500.53 sqft)
Year Built 1949
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Sedwick A B Resub
County Travis
Zip Code 78704
$/sqft $902/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246245423
List Date September 10, 2026
Elementary School Travis Hts
Middle School Lively
High School Travis
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.

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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
1605 Chelsea Ln #1
Travis Heights
$2,450,000 $742 5 bd / 4 ba 3,300 sqft , 2026-09-14
2309 S 4th St
Loma Linda
$2,750,000 $962 5 bd / 5 ba 2,858 sqft , 2026-06-05
1303 1/2 Hillside Ave
Fairview Park
$2,995,000 $977 5 bd / 4 ba 3,064 sqft , 2026-09-09
2316 Euclid Ave
La Prelle Place Resub
$2,100,000 $788 5 bd / 5 ba 2,664 sqft , 2026-07-15

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
$12,432/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
$518,000
20% conventional investment loan

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

Estimated Gross Rent+$12,432
Principal + Interest−$14,135
Property Tax (~2.1% TX avg)−$4,533
Insurance (~0.5%)−$1,079
Est. Monthly Cash Flow $-7,315

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 · 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 September 22, 2026.

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