Active Listing  ·  85 days on market

3608 Thompson St #1

Austin, TX 78702
$899,000
4 Bed 4 Bath 2,295 sqft $392/sqft Built 2026 0.24 acres 1-Car Garage Pool New Construction Goodwin E C

Welcome to the Thompson Residences, an exclusive collection of three architecturally striking homes by acclaimed builder La Sabana Homes, where refined design meets effortless East Austin living. Perfectly positioned in one of the city's most exciting and rapidly evolving neighborhoods, these sophisticated residences offer a rare blend of modern luxury, timeless craftsmanship, and exceptional walkability. Just minutes from Downtown, East 6th Street, Lady Bird Lake, acclaimed restaurants, boutique shopping, vibrant nightlife, and Austin's favorite coffee shops, this boutique enclave places the best of the city at your doorstep. Inside, expansive open-concept floor plans are thoughtfully designed for both everyday living and elevated entertaining, featuring soaring ceilings, walls of glass that flood the interiors with natural light, wide-plank flooring, designer lighting, and meticulously curated finishes throughout. The chef-inspired kitchen serves as the heart of the home with custom cabinetry, premium appliances, sleek quartz countertops, and an oversized island that seamlessly connects to generous living and dining spaces. Large sliding glass doors create an effortless indoor-outdoor lifestyle, extending to private outdoor living areas ideal for entertaining or quiet evenings under the Texas sky. Unit 1 offers an impressive 2,295 square feet with four spacious bedrooms and three-and-a-half beautifully appointed bathrooms, providing flexibility for guests, a dedicated home office, or multigenerational living. A private one-car garage adds convenience while enhancing the home's clean architectural aesthetic. Whether you're searching for an exceptional primary residence, a stylish lock-and-leave lifestyle, or a premier investment opportunity in one of Austin's strongest growth corridors, Thompson Residences delivers elevated design, luxury finishes, and an unmatched location that embodies the very best of modern urban living.

At $392/sqft, this home is priced in line with the Austin market average of $392/sqft across 4,588 active listings. View Austin market report →

Location

3608 Thompson St #1, Austin, TX 78702

Property Details

Price $899,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,295 sqft
Lot Size 0.24 acres (10,641.71 sqft)
Year Built 2026
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Goodwin E C
County Travis
Zip Code 78702
$/sqft $392/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,094.82
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT237884421
List Date June 29, 2026
Elementary School Govalle
Middle School Martin
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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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
3101 Lyons Rd
Chernosky 14
$900,000 $381 4 bd / 5 ba 2,364 sqft , 2026-08-07
3129 Govalle Ave
Villa Govalle
$895,000 $464 3 bd / 3 ba 1,928 sqft , 2026-06-25
2921 Lyons Rd #1
Chernosky 14
$915,000 $489 3 bd / 3 ba 1,871 sqft , 2026-03-13
1182 Oakgrove Ave #A
1182 Oak Grove Ave Condos
$945,000 $327 3 bd / 4 ba 2,889 sqft , 2026-06-05
910 Tillery St #A
910 Tillery Condos
$849,900 $465 3 bd / 3 ba 1,828 sqft , 2026-05-22

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
$4,315/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
$179,800
20% conventional investment loan

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

Estimated Gross Rent+$4,315
Principal + Interest−$4,906
Property Tax (~2.1% TX avg)−$1,573
Insurance (~0.5%)−$375
Est. Monthly Cash Flow $-2,539

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 June 30, 2026.

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