Active Listing  ·  13 days on market

2935 Pannell St

Austin, TX 78722
$1,500,000
6 Bed 5 Bath 3,031 sqft $495/sqft Built 2020 0.14 acres Pool Pannell Place

Welcome to modern urban luxury situated in one of Austin's most sought-after pockets. This exceptional home seamlessly blends urban convenience with sophisticated architectural design. Framed by striking contemporary lines, high-end metal accents, and an inviting private entryway, the home makes an immediate impression. Step inside to an expansive main level designed around open-concept living and effortless entertaining. Polished concrete floors sweep across the primary living area, where floor-to-ceiling sliding glass doors create a bright, gallery-like ambiance. At the center of the home sits a chef-inspired kitchen featuring custom cabinetry, premium stainless steel gas appliances, elegant quartz countertops, and a oversized waterfall island that doubles as a lively gathering hub. Adjacent dining and living spaces open directly to the outdoor patio, merging indoor ease with fresh air relaxation. The multi-story floor plan offers an expansive layout with multiple living zones, generous light-filled bedrooms, and dedicated office or studio spaces. Upgrades throughout the home showcase refined modern finishes, including luxury light wood flooring, designer lighting fixtures, custom window coverings, first floor custom motorized shades and stylish bathrooms complete with sleek vanities and walk-in glass showers. A private primary suite offers a spa-like retreat with dual vanities and a large walk-in closet. Upstairs, additional flexible loft and third-floor living areas provide endless options for a media room, home gym, private office, or extra suite. Outdoors, enjoy a private, fully fenced sanctuary featuring low-maintenance landscaping and an oversized covered carport with integrated storage space. Whether you are catching a quick morning commute to UT or Downtown, exploring local eateries, or taking advantage of the parks, trails, and dining options at nearby Mueller, 2935 Pannell St offers an uncompromised lifestyle in the heart of East Austin.

At $495/sqft, this home is priced 27% 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

2935 Pannell St, Austin, TX 78722

Property Details

Price $1,500,000
Status Active Listing
Beds 6
Full Baths 4
Half Baths 1
Living Area 3,031 sqft
Lot Size 0.14 acres (5,924.16 sqft)
Year Built 2020
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Pannell Place
County Travis
Zip Code 78722
$/sqft $495/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $18,623.01
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT249429520
List Date October 11, 2026
Elementary School Maplewood
Middle School Kealing
High School McCallum
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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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
3909 Willbert Rd
Willbert Add
$1,188,000 $448 5 bd / 5 ba 2,651 sqft , 2026-10-16
2004 Pennsylvania Ave #A
2004 Pennsylvania Site Condos
$1,026,000 $417 5 bd / 3 ba 2,458 sqft , 2026-09-01

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
$7,200/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
$300,000
20% conventional investment loan

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

Estimated Gross Rent+$7,200
Principal + Interest−$8,186
Property Tax (~2.1% TX avg)−$2,625
Insurance (~0.5%)−$625
Est. Monthly Cash Flow $-4,236

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 October 18, 2026.

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