Active Listing  ·  19 days on market

2304 Greenlee Dr

Austin, TX 78703
$2,399,000
3 Bed 3 Bath 2,052 sqft $1,169/sqft Built 1948 0.20 acres 2-Car Garage Pool Tarrytown Oaks

Discover a beautifully reimagined single story retreat in the heart of Tarrytown, where timeless character, thoughtful design, and effortless indoor-outdoor living come together on a quiet, tree canopied lot. Offering three bedrooms, three bathrooms, and two inviting living spaces, this home feels both sophisticated and wonderfully comfortable. An impressive steel and glass entry door opens to a light-filled interior where beautiful hardwood floors flow throughout the home. The main living and dining spaces are warm and refined, equally suited for intimate dinner parties, relaxed evenings at home, or gatherings with family and friends. A second living area creates an additional place to unwind and opens seamlessly to the private backyard. At the center of the home, the gourmet kitchen combines modern European style with everyday functionality, featuring German cabinetry, open shelving, stainless steel appliances, gas cooktop, and wine refrigerator. The spacious primary suite offers a peaceful escape with a walk-in closet, custom built-ins, and a stunning Carrara marble bath complete with dual vanities and an oversized walk-in shower. Outside, the backyard has been transformed into a private oasis beneath Tarrytown's mature trees. A heated pool and spa create the perfect setting for year-round relaxation, weekend entertaining, or quiet evenings at home, all within a flat and beautifully secluded yard. Thoughtful details including shiplap ceilings, designer lighting, custom window treatments, and distinctive wallpaper add personality and charm throughout, numerous additional upgrades provide modern peace of mind. Blending mid-century character with elevated finishes and an exceptional Tarrytown lifestyle, this special home offers a rare combination of privacy and convenience, just minutes from downtown and within walking distance of neighborhood parks and restaurants.

At $1,169/sqft, this home is priced 198% 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

2304 Greenlee Dr, Austin, TX 78703

Property Details

Price $2,399,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 2,052 sqft
Lot Size 0.20 acres (8,537.76 sqft)
Year Built 1948
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Tarrytown Oaks
County Travis
Zip Code 78703
$/sqft $1,169/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $28,343.12
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245666712
List Date September 3, 2026
Elementary School Casis
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.

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
2803 Bridle Path
Westenfield 01
$1,950,000 $712 3 bd / 3 ba 2,737 sqft , 2026-03-06
2002 Meadowbrook Dr
Tarry Town 03
$1,875,000 $960 3 bd / 2 ba 1,954 sqft , 2026-08-01
2206 Parkway None
Enfield D
$1,749,950 $861 3 bd / 2 ba 2,032 sqft , 2026-09-10
2800 Cherry Ln
Tarry Town 03
$1,625,000 $617 4 bd / 3 ba 2,633 sqft , 2026-08-18
2005 Bowman Ave
Tarry Town 06
$1,585,000 $785 3 bd / 2 ba 2,019 sqft , 2026-05-19

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
$11,515/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
$479,800
20% conventional investment loan

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

Estimated Gross Rent+$11,515
Principal + Interest−$13,092
Property Tax (~2.1% TX avg)−$4,198
Insurance (~0.5%)−$1,000
Est. Monthly Cash Flow $-6,775

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 →

Neighborhood Context

About Tarrytown

Tarrytown is the gold standard for Austin real estate - a neighborhood that's been desirable for over a century and shows no signs of changing. Situated between Lake Austin and MoPac, it combines exceptional location with the kind of neighborhood maturity that takes generations to build.

Mature live oaks canopy streets lined with everything from Tudor revivals and craftsman bungalows to sleek modern rebuilds. Homes here rarely sit on the market - buyers who've been watching Tarrytown move fast when something hits.

🏡
Architecture

Tudor revivals, craftsman bungalows, limestone ranches, and high-end new construction - more architectural variety than almost any Austin neighborhood.

🌊
Lake Austin Access

Direct access to Lake Austin via multiple public access points. Many homes have private docks and lake frontage.

🌳
Tree Canopy

Some of the densest live oak coverage in Austin. The neighborhood feels noticeably cooler and quieter than most of the city.

📍
Location

Minutes from downtown, Clarksville, and West 6th. Everything without the traffic noise.

Full Tarrytown Guide →

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 20, 2026.

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