Active Listing  ·  5 days on market

2300 Rae Dell Ave

Austin, TX 78704
$1,749,000
4 Bed 3 Bath 3,293 sqft $531/sqft Built 1935 0.21 acres Pool Rabb Inwood Hills Amd

A rare Barton Hills compound offering exceptional privacy, flexibility and possibility. Two separate buildings provide approximately 3,293 SF of living space, including 4 bedrooms, 3 baths, multiple living and dining areas, plus two versatile studio spaces ideal for art, music, fitness or home offices. A separate 1-bedroom, 1-bath apartment nestled in the trees features an expansive private patio—ideal for guests, extended family or rental use. The private .2051-acre property is bordered by green space on two sides and offers flexibility for owner occupancy, long-term rental, STR use or a combination. An easy walk or bike to Barton Springs Pool, Zilker Park, the Hike-and-Bike Trail and Barton Creek Greenbelt. Minutes from many SOLA shops/restaurants and our vibrant Downtown Austin. Sought after Barton Hills Elementary, O'Henry Middle and Austin High. A truly distinctive property in one of Austin’s most beloved neighborhoods.

At $531/sqft, this home is priced 35% 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

2300 Rae Dell Ave, Austin, TX 78704

Property Details

Price $1,749,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 3,293 sqft
Lot Size 0.21 acres (8,934.16 sqft)
Year Built 1935
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Rabb Inwood Hills Amd
County Travis
Zip Code 78704
$/sqft $531/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $19,242.53
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245379721
List Date September 17, 2026
Elementary School Barton Hills
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.

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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
3209 Clawson Rd
South Lamar
$1,750,000 $455 5 bd / 4 ba 3,844 sqft , 2026-02-18
2716 Bartons Bluff Ln
Wallingwood Sec 02-A
$1,750,000 $541 4 bd / 3 ba 3,232 sqft , 2026-06-17
2105 Goodrich Ave #5
Barton Skyline Garden Homes
$1,700,000 $556 3 bd / 4 ba 3,059 sqft , 2026-08-26
3007 Locke Ln
Garden Oaks Sec 02
$1,699,000 $556 4 bd / 4 ba 3,056 sqft , 2026-08-15
3112 Clawson Rd
THEODORE HEIGHTS
$1,675,000 $763 3 bd / 3 ba 2,194 sqft , 2026-05-28

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
$8,395/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
$349,800
20% conventional investment loan

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

Estimated Gross Rent+$8,395
Principal + Interest−$9,545
Property Tax (~2.1% TX avg)−$3,061
Insurance (~0.5%)−$729
Est. Monthly Cash Flow $-4,940

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 →