Active Listing  ·  27 days on market

2303 Tower Dr

Austin, TX 78703
$2,100,000
4 Bed 4 Bath 3,644 sqft $576/sqft Built 2004 0.20 acres 2-Car Garage Pool Tarry Town 06

Welcome to your dream home nestled in the highly sought-after Tarrytown neighborhood, where timeless charm meets modern convenience. This exquisite 4-bedroom, 3-bathroom residence offers a perfect blend of spacious elegance and thoughtful updates. Upon entering, you'll be greeted by a bright and airy open floor plan that seamlessly connects the inviting living spaces, ideal for both family living and entertaining. The beautifully appointed kitchen features high-end appliances, ample cabinetry, and a large island, making it a chef's delight. The generous master suite provides a serene retreat with its spa-like en-suite bathroom, complete with dual sinks and a luxurious soaking tub. The additional three bedrooms offer flexibility and comfort, perfect for family, guests, or a home office. The property is situated in a peaceful, tree-lined area, offering easy access to top-rated schools, ensuring an excellent education for young learners. The community vibe in Tarrytown is unmatched, and the home is just a short distance away from local amenities, parks, and recreational opportunities, providing an optimal balance of city life and suburban tranquility. Don't miss the opportunity to own this exceptional home in one of the most desirable neighborhoods in the area.

At $576/sqft, this home is priced 48% 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

2303 Tower Dr, Austin, TX 78703

Property Details

Price $2,100,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 3,644 sqft
Lot Size 0.20 acres (8,616.17 sqft)
Year Built 2004
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Tarry Town 06
County Travis
Zip Code 78703
$/sqft $576/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $35,704.53
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT249945613
List Date October 16, 2026
Elementary School Casis
Middle School O Henry
High School Austin
School District Austin ISD

Austin ISD

Casis · O Henry · Austin

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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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · October 16, 2026 $2,200,000
Current ask $2,100,000
▼ Reduced $100,000 (-4.5%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
2101 Stamford Ln
Westfield A
$2,150,000 $755 4 bd / 4 ba 2,846 sqft , 2026-09-02
2620 Pecos St
Brown Herman Add 02 Sec 01
$2,150,000 $839 4 bd / 3 ba 2,562 sqft , 2026-10-15
2803 Bridle Path
Westenfield 01
$1,950,000 $712 3 bd / 3 ba 2,737 sqft , 2026-03-06
1810 W 35th St
Oakmont Heights
$2,500,000 $553 5 bd / 6 ba 4,524 sqft , 2026-10-16
2909 Hillview Rd
Brown Herman Add 02 Sec 05
$2,675,000 $802 4 bd / 3 ba 3,337 sqft , 2026-09-07

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
$10,080/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
$420,000
20% conventional investment loan

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

Estimated Gross Rent+$10,080
Principal + Interest−$11,461
Property Tax (assumed ~2.1%)−$3,675
Insurance (assumed ~0.5%)−$875
Est. Monthly Cash Flow $-5,931

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 2, 2026.

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

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