Active Listing  ·  85 days on market

3403 King St

Austin, TX 78705
$549,000
2 Bed 1 Bath 905 sqft $607/sqft Built 1937 0.07 acres Pool Gypsy Grove

Nestled in the heart of Austin’s coveted 78705, this beautifully restored 1930s bungalow offers the perfect blend of historic charm, modern convenience, and urban tranquility. Whether you're seeking a stylish owner-occupied residence or a high-performing investment opportunity, this one-of-a-kind home delivers exceptional versatility and timeless appeal. Taken down to the studs and thoughtfully renovated, the home features contemporary upgrades throughout while preserving its original character. Custom built-ins by Triple Crown Carpentry add both elegance and functionality to the living and dining spaces, creating abundant storage with designer style. The updated kitchen is equipped with granite countertops, shaker-style cabinetry, gas cooking, a pantry, and ample prep space, ideal for everyday living and entertaining alike. Energy-efficient improvements include upgraded HVAC and venting, a tankless water heater, dimmable LED lighting, blown-in insulation, and double-pane windows for enhanced comfort and efficiency year-round. Engineered hardwood and tile flooring run throughout the home with absolutely no carpet. Situated on a desirable corner lot, the property offers rare privacy and outdoor space in the city center. Enjoy a fenced front yard, spacious backyard with room for an addition, and a deep private driveway accommodating up to two vehicles, no street parking required. Just moments from the vibrant culture, dining, and energy of central Austin, this charming bungalow is a rare opportunity to own a thoughtfully updated piece of Austin history.

At $607/sqft, this home is priced 55% 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

3403 King St, Austin, TX 78705

Property Details

Price $549,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 905 sqft
Lot Size 0.07 acres (3,092.76 sqft)
Year Built 1937
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Gypsy Grove
County Travis
Zip Code 78705
$/sqft $607/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,380
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT229610047
List Date May 11, 2026
Elementary School Bryker Woods
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.

Schedule a Call →

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 · May 11, 2026 $599,000
Previous ask $575,000
Current ask $549,000
Reduced $50,000 (-8.3%) 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
606 W Lynn St #21
West End Condo
$549,000 $479 2 bd / 3 ba 1,146 sqft , 2026-04-13
219 Lessin Ln #10A
Post Road
$549,000 $477 2 bd / 3 ba 1,152 sqft , 2026-04-08
1600 Barton Springs Rd #5103
Bartonplace Condo
$549,000 $551 2 bd / 2 ba 997 sqft , 2026-05-08
3606 Villa Ct #2
3606 Villa Court Condo
$549,000 $503 2 bd / 2 ba 1,092 sqft , 2026-07-19
908 Nueces St #18
Celia's Court
$549,900 $478 2 bd / 2 ba 1,150 sqft , 2025-12-12

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
$2,635/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
$109,800
20% conventional investment loan

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

Estimated Gross Rent+$2,635
Principal + Interest−$2,996
Property Tax (~2.1% TX avg)−$961
Insurance (~0.5%)−$229
Est. Monthly Cash Flow $-1,551

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →