Active Listing  ·  117 days on market

2308 Forest Ave

Austin, TX 78704
$1,949,000
4 Bed 4 Bath 3,706 sqft $526/sqft Built 1946 0.22 acres Pool La Prelle Place Resub

*A surprising sanctuary, just steps from SoCo*

You're standing on the front lawn of an immaculate 1940s-style house, cradled by 5 giant live oaks in beautiful landscaping behind the privacy fence. It's a quiet street of homes with the same curb appeal, barely a trace of city noise. Leafy, suburban — and yet…

And yet you're only steps from Austin's thriving SoCo district. A late set at C-Boy's or The Continental Club, gourmet coffee at Meteor or Teal House, great eats at June's, Vinaigrette, and the humble-but-awesome Primo's — and more of everything within easy walking. Just across the road: the new multi-story H-E-B and express buses across the city. The river and downtown are two miles away, or a $3 robotaxi ride. This is 78704 — "the oh-four" at its best!

And the house? Not so humble after all. At 3,700 sq ft it's one of the largest in the area — modern and luxurious inside, laid out for a family with kids or a couple needing work and hobby space.

You come into the original house — cozy, full of character and light — to a reception room with a wood-burning fireplace and a wing of two flex rooms (originally rooms) with a full bath. Past the formal dining room, you step into the heart of the home: a bright, modern two-story extension built in 2008. First the gourmet kitchen — oversized island with bar seating, Thermador range, Bosch refrigeration, Cove dishwasher, and counter space everywhere. Then the Big Room, with vaulted ceilings, a gas fireplace, and French doors onto the newly landscaped garden patio.

Upstairs is for privacy: the primary suite and 2 more bedrooms, set apart from the social spaces below. Built-in storage is everywhere — bedrooms, dining room, mudroom, upstairs hall — and the original 1946 kitchen (just off the new one) is now a pantry and laundry with butcher block counters. Gigabit Google Fiber throughout.

Modest outside, generous inside, 5 minutes from the best of the oh-four. Homes like this don't come up often in Bouldin Creek.

At $526/sqft, this home is priced 35% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2308 Forest Ave, Austin, TX 78704

Property Details

Price $1,949,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 3,706 sqft
Lot Size 0.22 acres (9,452.52 sqft)
Year Built 1946
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision La Prelle Place Resub
County Travis
Zip Code 78704
$/sqft $526/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $31,796.28
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT225738414
List Date April 9, 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.

Schedule a Call →

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 · April 9, 2026 $1,949,900
Current ask $1,949,000
Reduced $900 (-0.0%) 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
1403 Barton Hills Dr #2
Barton Terrace Sec 04
$1,950,000 $753 3 bd / 4 ba 2,591 sqft , 2025-12-24
2803 Bridle Path
Westenfield 01
$1,950,000 $712 3 bd / 3 ba 2,737 sqft , 2026-03-06
2003 Rabb Rd
Cannizzo Sec 03
$1,950,000 $716 3 bd / 3 ba 2,724 sqft , 2026-05-20
4606 Evans Ave
Staehely
$1,950,000 $582 5 bd / 5 ba 3,353 sqft , 2026-06-05
4603 Avenue C None
HYDE PARK ANNEX
$1,950,000 $556 4 bd / 6 ba 3,508 sqft , 2026-07-01

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
$9,355/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
$389,800
20% conventional investment loan

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

Estimated Gross Rent+$9,355
Principal + Interest−$10,636
Property Tax (~2.1% TX avg)−$3,411
Insurance (~0.5%)−$812
Est. Monthly Cash Flow $-5,504

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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