Active Listing  ·  109 days on market

302 El Paso St

Austin, TX 78704
$1,375,000
3 Bed 3 Bath 1,902 sqft $723/sqft Built 2026 0.13 acres 1-Car Garage Pool New Construction Brinwood Sec 03

Welcome to 302 El Paso Street, a stunning full home remodel in the heart of South Austin offering 1,902 square feet of thoughtfully designed single-story living. Built with only a portion of the original slab and one wall remaining, this home lives and feels like brand new construction while showcasing the exceptional craftsmanship and quality finishes Mission Home Builders is known for. Final punch and new homeowner blue tape will be included in the purchase.

The open-concept floor plan is designed for both everyday living and effortless entertaining, featuring spacious living and dining areas that flow seamlessly into the beautifully appointed kitchen. The home offers 3 bedrooms, 2.5 bathrooms, a dedicated office ideal for working from home, and an attached one-car garage. Carefully curated design selections bring a modern South Austin vibe, blending stylish finishes with timeless appeal.

Ideally located just minutes from South Congress, South First, downtown Austin, local restaurants, shopping, and entertainment, this home offers the perfect combination of contemporary design, quality construction, and an unbeatable location.

At $723/sqft, this home is priced 84% 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

302 El Paso St, Austin, TX 78704

Property Details

Price $1,375,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,902 sqft
Lot Size 0.13 acres (5,762.99 sqft)
Year Built 2026
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Brinwood Sec 03
County Travis
Zip Code 78704
$/sqft $723/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $11,952.8
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT228444115
List Date May 7, 2026
Elementary School Dawson
Middle School Travis
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.

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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
707 E Live Oak St #A
Travis Heights
$1,399,000 $647 4 bd / 4 ba 2,161 sqft , 2026-07-16
604 W LIVE OAK St
Bouldin South Ext
$1,350,000 $562 3 bd / 3 ba 2,402 sqft , 2026-06-19
1002 W Johanna St #1
Bouldin James E Add
$1,300,000 $897 3 bd / 4 ba 1,450 sqft , 2025-09-19
1912 S 3rd St
BOULDIN
$1,450,000 $893 3 bd / 3 ba 1,623 sqft , 2026-06-16
201 Woodward St
Woodward Indust District
$1,299,999 $774 3 bd / 3 ba 1,680 sqft , 2026-05-21

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
$6,600/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
$275,000
20% conventional investment loan

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

Estimated Gross Rent+$6,600
Principal + Interest−$7,504
Property Tax (~2.1% TX avg)−$2,406
Insurance (~0.5%)−$573
Est. Monthly Cash Flow $-3,883

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 August 23, 2026.

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