Active Listing  ·  41 days on market

3005 S 4th St #1

Austin, TX 78704
$2,249,000
4 Bed 4 Bath 3,462 sqft $650/sqft Built 2020 0.29 acres 2-Car Garage Pool Oak Ridge Heights Sec 03

Designed by McEatheron Architecture and built by Urban ATX, this is a deliberate, design-forward home in one of South Austin's most walkable pockets. Cedar siding, board-formed concrete, and steel-edged landscaping set the tone before you're even through the door.

Inside, the main level is one open run of kitchen, dining, and living, built around a waterfall island, a built-in wine wall, and a walk-in pantry. Floor-to-ceiling sliders open the back wall completely, putting the pool in view from the kitchen, the dining table, and the couch. A steel-and-wood staircase anchors the center of the house and leads up to a vaulted loft — flexible space for a second living room, a media room, or a home office that doesn't feel like an afterthought.

The primary suite delivers on the rest of the house's promise: 11-foot ceilings, a skylight, a freestanding soaking tub, a separate walk-in shower, and hand-laid patterned tile. A second bedroom looks directly into a mature oak canopy, and a built-in bunk room adds real flexibility for guests, kids, or a home gym.

Outside, a covered deck with a fire bowl runs alongside a heated lap pool, bordered by turf and Corten steel planters that keep maintenance low. One more flight up, a rooftop deck looks out over the treeline to the downtown skyline — genuinely one of the better private views in 78704.

Mere minutes to South Congress and Bouldin Creek, with an easy run downtown when you need it.

At $650/sqft, this home is priced 66% 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

3005 S 4th St #1, Austin, TX 78704

Property Details

Price $2,249,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 3,462 sqft
Lot Size 0.29 acres (12,588.84 sqft)
Year Built 2020
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Oak Ridge Heights Sec 03
County Travis
Zip Code 78704
$/sqft $650/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242982057
List Date August 12, 2026
Elementary School Dawson
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 · August 12, 2026 $2,490,000
Current ask $2,249,000
Reduced $241,000 (-9.7%) 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
2306 S 2nd St
Bawcom
$2,295,000 $705 4 bd / 6 ba 3,254 sqft , 2026-08-06
2316 Euclid Ave
La Prelle Place Resub
$2,100,000 $788 5 bd / 5 ba 2,664 sqft , 2026-07-15
212 Fletcher St
La Prelle Place Resub
$2,075,000 $806 3 bd / 5 ba 2,573 sqft , 2026-04-22
404 Krebs Ln
Williamson Sec 02
$1,995,000 $642 4 bd / 4 ba 3,109 sqft , 2026-09-09
2208 Montclaire St
Rabb Inwood Hills
$2,545,000 $801 4 bd / 5 ba 3,176 sqft , 2026-06-08

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
$10,795/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
$449,800
20% conventional investment loan

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

Estimated Gross Rent+$10,795
Principal + Interest−$12,274
Property Tax (~2.1% TX avg)−$3,936
Insurance (~0.5%)−$937
Est. Monthly Cash Flow $-6,352

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 September 19, 2026.

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