Active Listing  ·  82 days on market

4705 Fairview Dr

Austin, TX 78731
$1,885,000
4 Bed 3 Bath 3,048 sqft $618/sqft Built 1949 0.33 acres Pool Highland Park West

A RARE OFFERING IN ONE OF CENTRAL AUSTIN'S MOST COVETED NEIGHBORHOODS. Tucked onto a quiet, tree-lined street in Highland Park, this single-story stunner delivers the trifecta that almost never comes together at once-location, lot, and livability. Originally built in 1949 and taken all the way to the studs before a renovation and expansion to 3,048 square feet in 2007, this home strikes a rare balance between soulful original character and clean modern function across 4 bedrooms, 3 full baths, and a flat, hard-to-find 1/3-acre lot. Inside, the open kitchen, dining, and living areas flow effortlessly into one another, anchored by warm hardwood floors and bathed in exceptional natural light. The kitchen and dining spaces are crowned by a show stopping 100+ year-old reclaimed wood beam ceiling - accented by original doorknobs, repurposed triple-hung windows in the family room, and thoughtful nods to the home's storied past at every turn. The oversized primary suite is a true retreat, offering two walk-in closets, dual vanities, and a large glass-enclosed shower. And for the everyday realities of a busy household, the mudroom/laundry room serves as the perfect drop-zone entrance. Step outside to your own private escape- fully fenced and framed by mature trees, with a spacious deck, and multiple grassy spaces for play and gathering. A backyard storage structure with electricity brims with potential as a future studio, office, or workshop.In Highland Park, the neighborhood is every bit the selling point as the home itself. Perry Park is a short stroll away, Highland Park Elementary sits just four houses down, and a walkable lineup of local favorites- Crenshaw's, Russell's, Yamas, Chez Zee, Mount Bonnell, and The Grove- rounds out the daily convenience. Quick access to Mopac keeps the rest of the city within easy reach, and downtown is under 10 minutes away. The value speaks for itself and homes like this in this neighborhood don't stay available for long.

At $618/sqft, this home is priced 58% 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

4705 Fairview Dr, Austin, TX 78731

Property Details

Price $1,885,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 3,048 sqft
Lot Size 0.33 acres (14,514.19 sqft)
Year Built 1949
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Highland Park West
County Travis
Zip Code 78731
$/sqft $618/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $26,808.95
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT230061131
List Date May 14, 2026
Elementary School Highland Park
Middle School Lamar (Austin ISD)
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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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 14, 2026 $1,995,000
Previous ask $1,890,000
Current ask $1,885,000
Reduced $110,000 (-5.5%) 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
2007 Canterbury None #1
Driving Park Add
$1,890,000 $630 5 bd / 4 ba 3,000 sqft , 2026-06-18
1403 Barton Hills Dr #3
Barton Terrace Sec 04
$1,875,000 $750 3 bd / 4 ba 2,500 sqft , 2025-12-24
1904 Schulle Ave
Sherwood Forest
$1,875,000 $647 4 bd / 4 ba 2,900 sqft , 2026-06-12
44 East Ave #3707
44 East Ave Condos
$1,895,000 $951 3 bd / 3 ba 1,993 sqft , 2026-05-01
3105 Pleasant Run Pl
Woods Knoll Add
$1,895,000 $577 4 bd / 4 ba 3,282 sqft , 2026-06-20

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
$9,048/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
$377,000
20% conventional investment loan

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

Estimated Gross Rent+$9,048
Principal + Interest−$10,287
Property Tax (~2.1% TX avg)−$3,299
Insurance (~0.5%)−$785
Est. Monthly Cash Flow $-5,323

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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