Active Listing  ·  158 days on market

3015 Washington Sq

Austin, TX 78705
$3,399,000
4 Bed 6 Bath 3,148 sqft $1,080/sqft Built 2013 0.38 acres 2-Car Garage Pool Washington Square

A Rare Double-Lot Opportunity in the Heart of Central Austin

This extraordinary property presents something nearly impossible to find in Central Austin: two separate lots (3105 & 3013 Washington Sq.) totaling a compound-like estate steps from premier dining, shopping, parks, and the University of Texas. In one of Austin's most desirable zip codes, the value of that second lot alone is not to be overlooked.

Exquisite Main Residence: Designed by renowned architect Jay Farrell and masterfully built by Don Crowell — two names synonymous with Austin's finest residential construction — the main house is a true benchmark of craftsmanship, spanning three bedrooms and three and a half baths. Recent updates by Lindsey Hanna Design layer in refined finishes and thoughtful detail at every turn, resulting in a home where the quality of execution is evident the moment you walk in.

Built-In Rental Income: The same level of care extends to the beautifully appointed one-bedroom, one-bath apartment above the detached two-car garage — a space that feels far more like a luxury guest suite than a typical ADU. With UT and Central Austin's best amenities just steps away, demand for quality rentals here is perennial, making this a rare chance to generate meaningful income from day one.

A Second Lot with Serious Potential: The pool and pool house carry that same standard of finish, with a resort-worthy design that includes a kitchenette, full bath, and built-in Murphy bed. It's a dream entertaining space today — and the lot offers ample room to build an entirely new home tomorrow. Live in the main residence while you build, then sell, rent, or keep both.

Smart, Sustainable Living: State-of-the-art solar panels deliver meaningful utility savings without compromising an ounce of luxury.

Opportunities to own two contiguous lots in a location this central are exceedingly rare. This is a generational asset — whether you live in it, expand it, or invest in it.

At $1,080/sqft, this home is priced 176% 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

3015 Washington Sq, Austin, TX 78705

Property Details

Price $3,399,000
Status Active Listing
Beds 4
Full Baths 5
Half Baths 1
Living Area 3,148 sqft
Lot Size 0.38 acres (16,509.24 sqft)
Year Built 2013
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Washington Square
County Travis
Zip Code 78705
$/sqft $1,080/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $35,410.37
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT220688404
List Date February 27, 2026
Elementary School Bryker Woods
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.

Schedule a Call →

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
1102 Charlotte St
Silitt Add
$3,399,950 $1,100 4 bd / 4 ba 3,090 sqft , 2026-07-23
1406 W 9th St #301
Westline Austin
$3,350,000 $1,148 3 bd / 3 ba 2,919 sqft , 2025-03-18
2300 Barton Creek Blvd #15
Governors Hill Condo Amd
$3,349,000 $808 4 bd / 4 ba 4,147 sqft , 2026-03-25
1500 The High Rd
Westlake Highlands
$3,450,000 $948 5 bd / 5 ba 3,638 sqft , 2026-07-08
6308 Eanes Homestead Rd
The Overlook at Westlake
$3,325,990 $869 4 bd / 5 ba 3,827 sqft , 2026-05-06

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
$16,315/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
$679,800
20% conventional investment loan

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

Estimated Gross Rent+$16,315
Principal + Interest−$18,550
Property Tax (~2.1% TX avg)−$5,948
Insurance (~0.5%)−$1,416
Est. Monthly Cash Flow $-9,599

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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