Active Listing  ·  29 days on market

3101 Bowman Ave

Austin, TX 78703
$4,500,000
5 Bed 5 Bath 6,022 sqft $747/sqft Built 1935 0.35 acres 2-Car Garage Pool Monte Vista

Positioned on a spacious .35-acre corner lot, 3101 Bowman Avenue is a rare estate that embodies the enduring grace of classic Austin architecture. Originally built in 1935 and thoughtfully renovated a decade ago in collaboration with renowned builder J. Pinelli and famed Texas architect Hobson Crow, this stately Colonial-style residence is set along one of Tarrytown’s most established tree-lined streets, blending historic character with timeless curb appeal. With a main home and detached guest house, the property offers a unique combination of scale, sophistication, and flexibility. Inside, the residence reveals elegant formal rooms, tall ceilings, and original hardwood floors that create an inviting sense of refinement. Decorative fireplaces, rich wood-paneled spaces, and period details speak to its history, while French doors from the primary suite open to a private balcony overlooking the grounds. Light-filled living and bedroom spaces flow with ease, designed to accommodate both everyday living and grand entertaining. Beyond the main home, the detached guest house offers additional versatility—perfect for hosting visitors, creating a studio, or establishing a private office retreat. Mature trees, expansive lawns, and an enchanting garden courtyard framed by climbing vines provide serene outdoor living and entertaining spaces. With its commanding corner presence, this property delivers both privacy and distinction. Situated moments from Lake Austin, Casis Elementary, and Central Austin’s finest amenities, this property presents a rare opportunity to own a signature estate in one of the city’s most coveted neighborhoods.

At $747/sqft, this home is priced 90% above the Austin active market average of $393/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

3101 Bowman Ave, Austin, TX 78703

Property Details

Price $4,500,000
Status Active Listing
Beds 5
Full Baths 4
Half Baths 1
Living Area 6,022 sqft
Lot Size 0.35 acres (15,289.56 sqft)
Year Built 1935
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Monte Vista
County Travis
Zip Code 78703
$/sqft $747/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $64,226.11
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT244633281
List Date August 25, 2026
Elementary School Casis
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
2601 Buckminster Ct
West Rim
$4,950,000 $897 5 bd / 6 ba 5,521 sqft , 2026-03-06
2300 Westover Rd
Brown Herman Add
$3,950,000 $943 5 bd / 5 ba 4,190 sqft , 2026-09-15
2412 Jarratt Ave
Pemberton Heights Sec 01
$3,750,000 $756 5 bd / 6 ba 4,962 sqft , 2026-08-20

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
$21,600/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
$900,000
20% conventional investment loan

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

Estimated Gross Rent+$21,600
Principal + Interest−$24,558
Property Tax (~2.1% TX avg)−$7,875
Insurance (~0.5%)−$1,875
Est. Monthly Cash Flow $-12,708

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 30, 2026.

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