Active Listing  ·  64 days on market

501 E 50th St

Austin, TX 78751
$975,000
3 Bed 3 Bath 2,028 sqft $481/sqft Built 2024 0.07 acres Pool Hyde Park

Experience modern living in one of Central Austin’s most sought-after neighborhoods at 501 E 50th Street. Newly constructed by architect Steve Zagorski in collaboration with F&B Homes and Friedman General Contracting, this thoughtfully designed residence offers 3 bedrooms, 2.5 bathrooms, soaring 10-foot ceilings, and premium Marvin windows throughout. Located in the heart of Hyde Park, the home provides the perfect balance of contemporary comfort and walkable urban convenience. The open-concept floor plan is centered around a beautifully appointed kitchen featuring KitchenAid stainless steel appliances, ProCraft custom cabinetry, generous storage, and seamless connectivity to the living and dining spaces. A sliding glass door opens to the covered patio, creating an effortless indoor-outdoor flow for entertaining and everyday living. Beyond the patio, a spacious backyard offers ample room to relax, play, or customize to your lifestyle. An additional second-level living room provides valuable flexibility for a media room, home office, or secondary gathering space. The private primary suite serves as a refined retreat, complete with dual vanities, gorgeous countertops, and a large walk-in shower. Whether you're seeking a stylish primary residence or an attractive investment opportunity, this exceptional property delivers on both fronts. 501 E 50th Street combines quality craftsmanship, modern finishes, and an unbeatable Hyde Park location just minutes from Austin’s favorite restaurants, coffee shops, parks, and downtown attractions. Tax and assessed values are estimates for illustration purposes only. All figures should be independently verified.

At $481/sqft, this home is priced 23% 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

501 E 50th St, Austin, TX 78751

Property Details

Price $975,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,028 sqft
Lot Size 0.07 acres (3,118.9 sqft)
Year Built 2024
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Hyde Park
County Travis
Zip Code 78751
$/sqft $481/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $18,634.8
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT231708271
List Date June 1, 2026
Elementary School Reilly
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.

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
3019 Garwood St #2
G M Brass Amd
$975,000 $492 3 bd / 3 ba 1,982 sqft , 2026-02-24
3012 S 4th St #B
GROVE CONDO AMD
$975,000 $359 4 bd / 3 ba 2,713 sqft , 2026-05-07
306 W Stassney Ln #1&2
Pleasant Hill Add
$975,000 $608 3 bd / 2 ba 1,604 sqft , 2026-06-17
6405 Nusser Ln
Hielscher Sec 04
$975,000 $371 4 bd / 3 ba 2,631 sqft , 2026-07-24
6914 Thorncliffe Dr
Allen Place
$970,000 $378 4 bd / 3 ba 2,569 sqft , 2026-07-03

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
$4,680/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
$195,000
20% conventional investment loan

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

Estimated Gross Rent+$4,680
Principal + Interest−$5,321
Property Tax (~2.1% TX avg)−$1,706
Insurance (~0.5%)−$406
Est. Monthly Cash Flow $-2,753

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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