Active Listing  ·  32 days on market

2816 Garwood St #1

Austin, TX 78702
$1,145,000
4 Bed 4 Bath 2,313 sqft $495/sqft Built 2023 0.16 acres 1-Car Garage Pool Chernosky Sub #11

2816 Garwood brings a distinctive Mediterranean-Spanish influence to East Austin, pairing Steve Zagorski's architecture with interiors by Begonia Barbancho and construction by LBF Homes. A custom steel-and-glass front door introduces the home, where natural light, warm materials, and thoughtful architectural details set the tone. The open main level is anchored by a sculptural kitchen with floor-to-ceiling custom walnut cabinetry, Taj Mahal stone countertops, and a curved island that softens the room's architectural edge. Luxury white appliances, including a wine refrigerator, keep the palette clean while allowing the walnut and stone to take focus. Expansive sliders at the front and rear create an easy connection to the outdoors and bring additional light into the living spaces.

Designer tile, lighting, and Mediterranean-inspired details continue throughout the home, giving each space its own identity while maintaining cohesion. A distinctive triangle-shaped window overlooking the front yard adds another architectural moment, while integrated built-ins provide storage throughout.

The home includes four bedrooms, two with en suite baths, and three and a half bathrooms across 2,313 square feet. Upstairs, the primary suite opens to its own covered patio and a spacious bath with a freestanding soaking tub, dual vanities, a walk-in wet area with dual shower heads, and elevated plumbing and tile selections.

Three covered patios create multiple outdoor living spaces, while the front and backyard have been refreshed with new landscaping and turf. A mural painted across the rear fence by a local artist gives the space an original sense of place and turns the yard into an extension of the home's design. The layout also allows for a future pool.

The entire interior has been freshly painted, giving the home a move-in-ready feel. Select furniture and artwork are available for purchase, allowing the property to be sold partially furnished.

At $495/sqft, this home is priced 26% 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

2816 Garwood St #1, Austin, TX 78702

Property Details

Price $1,145,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,313 sqft
Lot Size 0.16 acres (6,969.6 sqft)
Year Built 2023
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Chernosky Sub #11
County Travis
Zip Code 78702
$/sqft $495/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $17,132.6
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT244246549
List Date August 21, 2026
Elementary School Brooke
Middle School Martin
High School Eastside Early College
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.

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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 · August 21, 2026 $1,199,000
Current ask $1,145,000
Reduced $54,000 (-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
2211 Santa Rosa St
Buena Vista
$1,149,000 $567 4 bd / 3 ba 2,027 sqft , 2025-11-12
3508 Lyons Rd
Siegmund Add Sec 03
$1,149,000 $493 4 bd / 4 ba 2,330 sqft , 2026-07-17
2004 Pennsylvania Ave #A
2004 Pennsylvania Site Condos
$1,140,000 $464 5 bd / 3 ba 2,458 sqft , 2026-09-01
2104 E 2nd St #1
2104 EAST 2ND STREET CONDOMINIUMS
$1,150,000 $551 4 bd / 4 ba 2,089 sqft , 2025-08-04
2501 E 9th St
Grandview Place
$1,100,000 $428 4 bd / 3 ba 2,572 sqft , 2026-09-09

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
$5,496/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
$229,000
20% conventional investment loan

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

Estimated Gross Rent+$5,496
Principal + Interest−$6,249
Property Tax (~2.1% TX avg)−$2,004
Insurance (~0.5%)−$477
Est. Monthly Cash Flow $-3,234

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 · 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 →