Active Listing  ·  131 days on market

2428 Jarratt Ave

Austin, TX 78703
$3,250,000
4 Bed 4 Bath 3,704 sqft $877/sqft Built 1932 0.22 acres Pool Pemberton Heights Sec 01

Set on a quiet, tree-lined stretch of one of Pemberton Heights’ most cherished streets, 2428 Jarratt Avenue is a rare offering that blends nearly a century of Austin character with thoughtful, design-driven living. Built in 1932 and set on a .22-acre lot, this 4-bedroom, 3.5-bath residence spans 3,704 square feet, with an additional 600-square-foot basement that stays cool year round - perfect for hobbies and storage!

Over time, the home has evolved with care, maintaining its architectural integrity while adapting to modern life. Today, under the stewardship of current owners, the residence has been thoughtfully curated to honor its original character while introducing fresh, livable interiors. Original details and distinctive architectural elements remain intact, complemented by layered, transitional design that feels both vibrant and timeless.

The layout offers exceptional versatility, with multiple living areas including two living rooms and an additional sitting room, a dedicated office, formal dining room, and breakfast area. Four fireplaces add warmth and character throughout, while the reimagined kitchen features a JennAir appliance suite and seamless functionality for everyday living and entertaining.

Outdoor spaces have been equally considered, with a pool and spa completed in 2022, updated landscaping, and a custom exterior door connecting the interior to a private, inviting backyard. The home’s 600-square-foot basement adds further flexibility, while modern system updates—including HVAC and electrical support ease of ownership.

A property rich in character and design, 2428 Jarratt Avenue offers a rare opportunity to experience Pemberton Heights at its most refined—where history, livability, and location come together with quiet distinction.

At $877/sqft, this home is priced 124% 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

2428 Jarratt Ave, Austin, TX 78703

Property Details

Price $3,250,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 3,704 sqft
Lot Size 0.22 acres (9,622.4 sqft)
Year Built 1932
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Pemberton Heights Sec 01
County Travis
Zip Code 78703
$/sqft $877/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $44,546.84
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT226079484
List Date April 15, 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 →

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 15, 2026 $3,775,000
Previous ask $3,650,000
Current ask $3,250,000
Reduced $525,000 (-13.9%) 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
2415 McCall Rd
Tarrytown
$3,150,000 $886 5 bd / 5 ba 3,557 sqft , 2026-08-07
3015 Washington Sq
Washington Square
$3,399,000 $1,080 4 bd / 6 ba 3,148 sqft , 2026-02-27
1202 Belmont Pkwy
Belmont
$3,495,000 $862 5 bd / 3 ba 4,054 sqft , 2026-08-19
3216 Tarryhollow Dr
West Park Place Amd
$3,500,000 $801 3 bd / 4 ba 4,372 sqft , 2026-07-07
1102 Charlotte St
Silitt Add
$2,999,999 $971 4 bd / 4 ba 3,090 sqft , 2026-07-23

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
$15,600/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
$650,000
20% conventional investment loan

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

Estimated Gross Rent+$15,600
Principal + Interest−$17,737
Property Tax (~2.1% TX avg)−$5,688
Insurance (~0.5%)−$1,354
Est. Monthly Cash Flow $-9,179

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →
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 August 23, 2026.

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