Active Listing  ·  164 days on market

400 Academy Dr

Austin, TX 78704
$7,900,000
5 Bed 4 Bath 4,354 sqft $1,814/sqft Built 1889 1.25 acres 2-Car Garage Pool Fairview Park

The Crown Jewel of Historic Austin Homes

Step into a living piece of Austin’s history, an extraordinary estate built in 1889 and masterfully restored to reflect the soul of the city. Perched on a lush acre just minutes from downtown, this iconic residence offers an unmatched blend of architectural heritage, enduring craftsmanship, and modern comfort. From its hilltop vantage point, sweeping skyline views frame daily life in beauty and perspective, while the home’s granite exterior crafted from the same stone as the Texas Capitol stands as a testament to its strength, significance, & lasting presence.

Inside, the home is a love letter to timeless design. Original elements like curly longleaf pine & cypress woodwork, bronze Victorian window latches, Majolica-tiled fireplaces, and antique light fixtures are preserved with care and reverence. Artful touches such as the custom Bocci chandelier, Lady Slipper fixture in the parlor, and intricate cabinetry make each room feel curated and soulful. With 5 bedrooms & 3.5 bathrooms, the layout balances grand entertainingw/quiet retreat.

Restoration work spans decades, & the result is not just preservation but transformation. Modern systems have been discreetly integrated to provide reliability without compromising authenticity. Custom bronze weatherstripping enhances energy efficiency while honoring the original design of the windows and stained glass. The home is not only livable, it is unforgettable.

The surrounding acre is lush & serene, & the adjacent duplex at 316 Le Grande Avenue is included in sales price. Located moments from the best of downtown dining, arts, and culture, the home offers rare privacy without isolation- an oasis nestled within reach of everything. This is more than a home. It’s a chapter in Austin’s story, ready for its next steward.

All information deemed reliable but not guaranteed. Buyer to confirm all information.

At $1,814/sqft, this home is priced 364% 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

400 Academy Dr, Austin, TX 78704

Property Details

Price $7,900,000
Status Active Listing
Beds 5
Full Baths 3
Half Baths 1
Living Area 4,354 sqft
Lot Size 1.25 acres (54,450 sqft)
Year Built 1889
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Fairview Park
County Travis
Zip Code 78704
$/sqft $1,814/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $74,015.01
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT219485304
List Date February 21, 2026
Elementary School Travis Hts
Middle School Lively
High School Travis
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 →

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
2308 Hartford Rd
Sunset Hill Enfield 02
$7,425,000 $1,401 5 bd / 7 ba 5,300 sqft , 2026-03-31
1354 The High Rd
Akumal
$7,300,000 $1,507 4 bd / 4 ba 4,845 sqft , 2026-02-27
4500 River Wood Ct
Mount Bonnell Shores Sec 02
$7,150,000 $1,264 4 bd / 5 ba 5,658 sqft , 2025-10-24
6607 W COURTYARD Dr
Shepherd Mountain Ph 02
$6,895,000 $1,193 5 bd / 6 ba 5,780 sqft , 2026-08-01
14419 Agarita Rd #D
Estates At Commanders Point
$8,999,000 $1,867 5 bd / 6 ba 4,821 sqft , 2026-07-25

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
$37,920/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
$1,580,000
20% conventional investment loan

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

Estimated Gross Rent+$37,920
Principal + Interest−$43,114
Property Tax (~2.1% TX avg)−$13,825
Insurance (~0.5%)−$3,292
Est. Monthly Cash Flow $-22,311

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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