Active Listing  ·  6 days on market

302 Irma Dr #1

Austin, TX 78752
$725,000
3 Bed 3 Bath 1,881 sqft $385/sqft Built 2020 0.09 acres 1-Car Garage Pool Sherry Dale

Artistic Central Austin living at its best! Welcome to 302 Irma Dr. #1, an immaculate, recent-construction home tucked into one of Central Austin’s most vibrant and desirable areas. Thoughtfully designed with modern finishes and flexible spaces, this home offers style, comfort, and an exceptional location.

Inside, vaulted ceilings create an airy, open feel, complemented by kitchen featuring white shaker cabinetry, stainless steel appliances, built-in desk, and mini windows allowing natural light to glaze over your quartz countertops. Bathrooms feature marble-tile, zero-edge glass, and quartz counters. Contemporary white oak wide oak wood flooring adorn the upper floor. Downstairs, the distinctive stained-concrete floors add a contemporary touch + provide for a prepped surface for wood flooring should you prefer a different look.

The spacious, mostly shaded backyard is made for easy Austin living, featuring a covered patio and low-maintenance AstroTurf—perfect for relaxing or entertaining. Front yard features a vaulted covered front porch, large tree, and neat landscaping.

The garage offers an unexpected bonus with full-lite glass and its own mini-split HVAC system, creating a bright, conditioned space ideal for a gym, studio, office, craftroom, workshop, or creative space. *This bonus garage heated/cooled space is not included in the advertised square footage. Additional highlights include a tankless water heater and meticulous recent construction throughout.

Location is hard to beat, with quick access to The Crescent’s sought-after dining, including Kura Sushi, KBBQ, and so much more! Enjoy the energy and creativity of Central Austin while being conveniently positioned near highly regarded schools from elementary through high school.

At $385/sqft, this home is 2% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

302 Irma Dr #1, Austin, TX 78752

Property Details

Price $725,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,881 sqft
Lot Size 0.09 acres (3,776.65 sqft)
Year Built 2020
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Sherry Dale
County Travis
Zip Code 78752
$/sqft $385/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $10,246
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243894193
List Date August 18, 2026
Elementary School Reilly
Middle School Lamar (Austin ISD)
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
900 Karen Ave #A
900 Karen Ave Condos
$725,000 $384 3 bd / 3 ba 1,889 sqft , 2026-06-04
513 W Odell St #A
Silverton Heights
$725,000 $438 4 bd / 3 ba 1,656 sqft , 2026-06-26
1404 Justin Ln #2
crestview
$750,000 $473 3 bd / 3 ba 1,587 sqft , 2026-08-05
5511 Avenue G None #1
Highlands
$750,000 $484 3 bd / 3 ba 1,550 sqft , 2026-08-11
1716 Karen Ave
Brentwood Terrace
$699,900 $511 3 bd / 1 ba 1,370 sqft , 2026-08-07

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
$3,480/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
$145,000
20% conventional investment loan

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

Estimated Gross Rent+$3,480
Principal + Interest−$3,957
Property Tax (~2.1% TX avg)−$1,269
Insurance (~0.5%)−$302
Est. Monthly Cash Flow $-2,048

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 22, 2026.

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