Active Listing  ·  40 days on market

3129 Govalle Ave

Austin, TX 78702
$895,000
3 Bed 3 Bath 1,928 sqft $464/sqft Built 2015 0.15 acres 1-Car Garage Pool Villa Govalle

Located in the heart of East Austin, this privately gated residence offers modern living just moments from the coffee shops, restaurants, and entertainment along Springdale Road. Featuring 3 bedrooms and 2.5 bathrooms, the home is designed for both everyday comfort and effortless entertaining, with thoughtfully curated spaces and a functional layout throughout. The open-concept main living area flows seamlessly into the kitchen, where stainless steel appliances, ample cabinetry, and generous counter space create an inviting setting for gathering with family and friends. Upstairs, the spacious primary suite serves as a private retreat, complete with an expansive deck and a well-appointed bathroom featuring a soaking tub, dual vanities, a large glass-enclosed shower, and a walk-in closet. Two additional bedrooms and a full bathroom complete the second floor. Outdoor living is equally appealing with a covered back porch and low-maintenance landscaping that allows for easy enjoyment year-round. An attached one-car garage, currently utilized as an air-conditioned media room and office, offers valuable versatility. Combining modern amenities, flexible living spaces, and a sought-after East Austin location, this home delivers exceptional convenience and style. Tax and assessed values are estimates for illustration purposes only. All figures should be independently verified.

At $464/sqft, this home is priced 19% 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

3129 Govalle Ave, Austin, TX 78702

Property Details

Price $895,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,928 sqft
Lot Size 0.15 acres (6,616.76 sqft)
Year Built 2015
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Villa Govalle
County Travis
Zip Code 78702
$/sqft $464/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $12,363.67
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237217773
List Date June 25, 2026
Elementary School Blackshear
Middle School Kealing
High School Eastside Early College
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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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · June 25, 2026 $950,000
Current ask $895,000
Reduced $55,000 (-5.8%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
4510 Terry O Ln #326
STATION AT ST ELMO THE CONDOMINIUMS
$895,000 $466 3 bd / 3 ba 1,920 sqft , 2026-04-10
5508 Avenue G None
Highlands
$895,000 $486 4 bd / 3 ba 1,842 sqft , 2026-04-16
1800 Poquito St
Crows Sub Resub Lt 6& Pt Lt 7
$895,000 $419 3 bd / 3 ba 2,138 sqft , 2026-05-28
10903 Galleria Cv
Austin Hills Sec 05
$895,000 $392 4 bd / 3 ba 2,282 sqft , 2026-06-18
12421 Painted Bunting Dr
Painted Bunting
$895,000 $548 3 bd / 2 ba 1,634 sqft , 2026-06-05

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
$4,296/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
$179,000
20% conventional investment loan

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

Estimated Gross Rent+$4,296
Principal + Interest−$4,884
Property Tax (~2.1% TX avg)−$1,566
Insurance (~0.5%)−$373
Est. Monthly Cash Flow $-2,527

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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