About This Home

Built by Kiligray and backed by a comprehensive new-home warranty, this thoughtfully designed home combines timeless architecture with standout custom features. Enjoy designer tilework, soaring ceilings, abundant natural light, and an open-concept layout ideal for modern living. The top floor offers downtown Austin views, while the vaulted game room features custom built-ins and a hidden bookshelf door leading to a secret reading nook. The spacious primary suite, covered balcony, custom millwork, and premium finishes throughout create a home that feels both luxurious and functional.

At $433/sqft, this home is priced 10% 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

3101.5 Neal St, Austin, TX 78702

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Property Details

Price $1,100,000

Status Active Listing

Beds 4

Full Baths 2

Half Baths 2

Living Area 2,538 sqft

Lot Size 0.05 acres (2,308.68 sqft)

Year Built 2026

Garage 1 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision OLT 38&43 DIV A BURATTI & CHERICO

County Travis

Zip Code 78702

$/sqft $433/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $4,552

Pool Yes

Waterfront ,

New Construction Yes

MLS # ACT240682465

List Date July 21, 2026

Elementary School Oak Springs

Middle School Kealing

High School Eastside Early College

School District ,

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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

752 Pedernales St
Lincoln Place $1,099,000 $538 3 bd / 3 ba 2,041 sqft , 2026-07-10

2201 E 9th St
Prospect At East Ninth Garden $1,138,900 $454 4 bd / 3 ba 2,509 sqft , 2026-07-02

2211 Santa Rosa St
Buena Vista $1,149,000 $567 4 bd / 3 ba 2,027 sqft , 2025-11-12

2202 Santa Rita St
Buena Vista $1,050,000 $421 4 bd / 3 ba 2,497 sqft , 2026-06-30

1606 Harvey St #1
1606 Harvey St Condos $1,150,000 $428 3 bd / 4 ba 2,689 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

$5,280/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

$220,000

20% conventional investment loan

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

Estimated Gross Rent+$5,280

Principal + Interest−$6,003

Property Tax (~2.1% TX avg)−$1,925

Insurance (~0.5%)−$458

Est. Monthly Cash Flow $-3,106

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

About the Author

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 11, 2026.

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

3101.5 Neal St

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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