Active Listing  ·  173 days on market

2701 & 2703 De Soto Dr

Austin, TX 78733
$1,745,000
5 Bed 4 Bath 3,182 sqft $548/sqft Built 1940 0.63 acres 5-Car Garage Pool Austin Lake Estates Sec 01

Seller financing available with 30% down, 6% interest, and a 2 year term, with flexibility to negotiate in real time as needed.

Three living spaces, two oversized garage and workshop spaces, and deeded Lake Austin access come together on approximately 0.63 acres to create a highly versatile property. Spanning approximately 3,182 square feet across three structures, this offering supports primary living, rental income, and workspace within one setting.

The property includes a three bedroom, two bathroom main house, two separate guest apartments, and substantial garage and workshop space. The main residence is a restored 1940s bungalow relocated from Driftwood, featuring pine floors, classic trim, a fireplace, and a covered back patio.

Guest Apartment 1 is located above a detached three car garage and offers approximately 864 square feet with a bedroom, bathroom, living area, kitchenette, and independent access, ideal for rental income, guests, or office use. Below, a three bay garage and workshop provides flexible space for storage, projects, or business use.

Guest Apartment 2 is located within a cedar wrapped structure and offers approximately 728 square feet with a bedroom, bathroom, living area, and kitchenette. Below, an expansive workshop with 12 foot ceilings, large front and rear doors, and full insulation accommodates car lifts, boats, equipment, or storage.

The property offers five garage bays with potential for seven. Deeded Lake Austin access includes use of one of the only private boat launches on the south side of Lake Austin west of the 360 bridge. The lot borders a creek and is surrounded by green space while remaining close to Westlake, Bee Cave, and central Austin.

At $548/sqft, this home is priced 40% 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

2701 & 2703 De Soto Dr, Austin, TX 78733

Property Details

Price $1,745,000
Status Active Listing
Beds 5
Full Baths 4
Half Baths ,
Living Area 3,182 sqft
Lot Size 0.63 acres (27,499.43 sqft)
Year Built 1940
Garage 5 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Austin Lake Estates Sec 01
County Travis
Zip Code 78733
$/sqft $548/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,905.47
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT214198775
List Date February 12, 2026
Elementary School Valley View
Middle School West Ridge
High School Westlake
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 · February 12, 2026 $1,939,000
Previous ask $1,795,000
Current ask $1,745,000
Reduced $194,000 (-10.0%) 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
1712 Saracen Rd
AUSTIN LAKE HILLS
$1,749,000 $503 4 bd / 4 ba 3,477 sqft , 2026-07-09
12812 Arbor Lake Cv
STEINER RANCH
$1,740,000 $424 4 bd / 4 ba 4,100 sqft , 2026-06-05
3209 Clawson Rd
South Lamar
$1,750,000 $455 5 bd / 4 ba 3,844 sqft , 2026-02-18
1603 Willow St
1603 Willow Condos
$1,750,000 $595 5 bd / 5 ba 2,942 sqft , 2026-03-03
2112 Lawnmont Ave
Shoalmont Add Resub
$1,750,000 $601 5 bd / 5 ba 2,910 sqft , 2025-12-26

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
$8,376/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
$349,000
20% conventional investment loan

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

Estimated Gross Rent+$8,376
Principal + Interest−$9,523
Property Tax (~2.1% TX avg)−$3,054
Insurance (~0.5%)−$727
Est. Monthly Cash Flow $-4,928

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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