Active Listing  ·  3 days on market

301 Pressler St #307

Austin, TX 78703
$2,499,000
3 Bed 3 Bath 1,934 sqft $1,292/sqft Built 2027 3.23 acres 2-Car Garage Pool Division Z

Be the first to experience Texas’ first Viceroy residential offering. Developed by visionary firm Pearlstone Partners, this boutique community is currently under construction with completion anticipated in late 2027, pairing legendary five-star hospitality with exceptional architectural pedigree.Enviably situated along Pressler Street between downtown Austin and historic Clarksville, the location offers the ultimate balance of vibrant city energy and neighborhood tranquility. Outdoor lovers will celebrate direct, effortless access to Lady Bird Lake and the scenic Ann and Roy Butler Hike-and-Bike Trail right outside the door. Inside, custom interiors curated by acclaimed Kim Lewis Design showcase rich organic textures, tailored finishes, and refined modern warmth. The residence features an open, light-filled layout accentuated by high ceilings, bespoke cabinetry, and seamless indoor-outdoor living. Owners will enjoy world-class amenities, including a 75-foot resort lap pool, wellness and fitness studios, poolside bar, and dedicated concierge services. With construction well underway and completion planned for late 2027, this is an opportunity to secure a residence now in one of Austin’s most anticipated new developments. Do not miss this exclusive first look at a turnkey sanctuary connecting lakeside nature with central Austin sophistication.

At $1,292/sqft, this home is priced 230% 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

301 Pressler St #307, Austin, TX 78703

Property Details

Price $2,499,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 1,934 sqft
Lot Size 3.23 acres (140,698.8 sqft)
Year Built 2027
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Division Z
County Travis
Zip Code 78703
$/sqft $1,292/sqft
Days on Market ,
HOA $1,875.98/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT250067205
List Date October 20, 2026
Elementary School Mathews
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.

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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
210 Lavaca St #2706
Block 21 Condos
$2,599,000 $1,202 3 bd / 3 ba 2,162 sqft , 2026-05-04
222 West Ave #2201
Seaholm Residences Residential
$2,395,000 $1,075 3 bd / 3 ba 2,227 sqft , 2025-11-13
301 West Ave #4505
Independent Condos
$2,700,000 $1,459 3 bd / 3 ba 1,851 sqft , 2026-09-15
222 West Ave #2301
Seaholm Residences Residential
$2,295,000 $1,031 3 bd / 3 ba 2,227 sqft , 2026-05-15
606 Josephine St
Bluff View
$2,250,000 $906 4 bd / 3 ba 2,483 sqft , 2026-10-08

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
$11,995/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
$499,800
20% conventional investment loan

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

Estimated Gross Rent+$11,995
Principal + Interest−$13,638
Property Tax (~2.1% TX avg)−$4,373
Insurance (~0.5%)−$1,041
Est. Monthly Cash Flow $-7,057

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 21, 2026.

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