Active Listing  ·  22 days on market

4707 Reyes St #2

Austin, TX 78721
$539,555
2 Bed 3 Bath 1,108 sqft $487/sqft Built 2025 0.19 acres 1-Car Garage Pool Chernosky 07

**Seller will contribute up to $10k towards buyers closings costs or rate buydown with an acceptable offer.** Newer construction. A yard of its own. No HOA dues. And a downtown view that changes completely when the sun goes down. Downtown views are the defining feature of this East Austin home, with a hilltop position that captures the skyline from the main living spaces, balcony, and oversized windows from sunset through the city lights at night. Designed by Pavonetti Architecture with interiors by BB Design, the 2025 freestanding home pairs strong architecture with a warm, Scandinavian-influenced interior and a floor plan designed around the view. The inverted layout places two bedrooms and two baths on the entry level, while the upper floor opens to the kitchen, dining, and living spaces beneath vaulted ceilings. Picture and casement windows bring in natural light and keep downtown in sight throughout the room. Wide-plank oak floors, limewash walls, and designer tile bring texture to the interiors without competing with the architecture. The kitchen is a standout, with full-height wood cabinetry, open shelving, quartz surfaces, a large island with seating, and a five-burner gas range. A built-in banquette defines the dining area, and the living room opens to a glass balcony overlooking the city. Its street-facing elevation creates separation from the road while preserving usable yard space, an unusual combination this close to downtown. A standing-seam metal roof, motorized shades, energy-efficient systems, one-car garage, detached construction, and no HOA dues add to the appeal for both full-time ownership and STR consideration. Springdale General, Palomino Coffee, Front Page Pub, and Givens District Park and its public pool are nearby, along with access to Boggy Creek and Little Walnut Creek trails. Downtown Austin, The University of Texas, Oracle, Tesla, and East Austin’s growing employment corridor are all within easy reach.

At $487/sqft, this home is priced 24% 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

4707 Reyes St #2, Austin, TX 78721

Property Details

Price $539,555
Status Active Listing
Beds 2
Full Baths 2
Half Baths 1
Living Area 1,108 sqft
Lot Size 0.19 acres (8,328.67 sqft)
Year Built 2025
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Chernosky 07
County Travis
Zip Code 78721
$/sqft $487/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $4,105.8
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243830275
List Date August 31, 2026
Elementary School Ortega
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
3705 Tower View Ct
Manor Hill
$545,000 $502 2 bd / 1 ba 1,085 sqft , 2026-09-03
910 Tillery St #B
910 Tillery Condos
$549,900 $499 2 bd / 2 ba 1,102 sqft , 2026-05-22
1128 Walton Ln #2
Annie Cunninghams
$549,900 $501 3 bd / 3 ba 1,097 sqft , 2026-06-12
1157 Nickols Ave
Eastfield
$529,000 $408 2 bd / 3 ba 1,296 sqft , 2026-07-15
1312 E M Franklin Ave #2
Division B
$525,000 $485 2 bd / 3 ba 1,083 sqft , 2026-06-01

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
$2,590/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
$107,911
20% conventional investment loan

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

Estimated Gross Rent+$2,590
Principal + Interest−$2,945
Property Tax (~2.1% TX avg)−$944
Insurance (~0.5%)−$225
Est. Monthly Cash Flow $-1,524

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 September 11, 2026.

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