Active Listing  ·  99 days on market

4515 and 4517 Avenue D None

Austin, TX 78751
$1,995,000
4 Bed 4 Bath 3,304 sqft $604/sqft Built 2022 0.38 acres Pool Hyde Park Annex

Offered at $1,995,000, this rare Hyde Park estate opportunity includes both 4515 and 4517 Avenue D, combining two generous lots (125' x 131') into an impressive .375 acre setting with the scale, privacy, and presence of a true urban retreat. Built in 2022 and featured on the 2023 Austin Modern Home Tour, 4515 Avenue D showcases modern Scandinavian design with 3,300 square feet, twelve-foot ceilings, tall windows, and refined architectural lines. A wide foyer opens to formal living and dining spaces with custom cabinetry, a wine fridge, and bar sink, while the rear family room connects to a European-style kitchen with a large island and premium Miele, Bosch, and ASKO appliances. The home also includes an oversized pantry and utility room, flexible bonus room, four bedrooms, three and one-half baths, and a striking primary suite with soaking tub, walk-in shower, dual vanities, and custom floor-to-ceiling closet storage. Additional features include security-system prewiring, EV-charging readiness, covered parking for multiple vehicles, irrigation, and fresh landscaping. The adjoining undeveloped lot is shaded by mature trees and offers exceptional potential for a pool, guest house, garage, or expanded outdoor living.

At $604/sqft, this home is priced 54% 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

4515 and 4517 Avenue D None, Austin, TX 78751

Property Details

Price $1,995,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 3,304 sqft
Lot Size 0.38 acres (16,335 sqft)
Year Built 2022
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Hyde Park Annex
County Travis
Zip Code 78751
$/sqft $604/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $31,747
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT236102032
List Date June 15, 2026
Elementary School Lee
Middle School Kealing
High School McCallum
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
106 Laurel Ln
University Heights
$1,995,000 $846 3 bd / 2 ba 2,358 sqft , 2026-09-10
4603 Avenue C None
HYDE PARK ANNEX
$1,950,000 $556 4 bd / 6 ba 3,508 sqft , 2026-09-09
4606 Evans Ave
Staehely
$1,895,000 $565 5 bd / 5 ba 3,353 sqft , 2026-06-05
1201 Georgian St
Georgian Terrace
$1,650,000 $548 5 bd / 4 ba 3,011 sqft , 2026-09-11
3907 Bailey Ln
Dunn
$1,645,000 $603 4 bd / 4 ba 2,727 sqft , 2026-05-14

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
$9,576/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
$399,000
20% conventional investment loan

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

Estimated Gross Rent+$9,576
Principal + Interest−$10,888
Property Tax (~2.1% TX avg)−$3,491
Insurance (~0.5%)−$831
Est. Monthly Cash Flow $-5,634

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 →

Neighborhood Context

About Hyde Park

Hyde Park is the neighborhood that defined what Austin neighborhoods could be. Developed in the 1890s as one of Austin's first streetcar suburbs, it has maintained its historic character - tree-lined streets, craftsman bungalows, Victorian cottages - while staying one of the most livable and walkable parts of the city.

The neighborhood sits north of UT Austin between Guadalupe Street and Duval, roughly from 38th to 51st Street. Its proximity to the university brings energy and walkability, and the Guadalupe "Drag" corridor offers coffee shops, restaurants, and bookstores steps from most homes.

🏘️
Architecture

One of Austin's best collections of historic homes - craftsman bungalows, Victorian cottages, and mid-century ranches that have survived Austin's development waves intact.

🚶
Walkability

Walk Score of 85. Coffee, restaurants, parks, and the UT campus are all within walking distance. One of the few Austin neighborhoods where you can genuinely live without a car for day-to-day needs.

🌿
Shipe Park

The neighborhood's anchor green space - pool, tennis courts, and a community hub that hosts farmers markets and neighborhood events.

📚
UT Proximity

5-minute drive or 20-minute walk to UT's campus. Great for faculty, staff, and graduate students; also adds long-term rental investment potential for owners.

Full Hyde Park Guide →

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 August 23, 2026.

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