Active Listing  ·  9 days on market

510 E 39th St

Austin, TX 78751
$2,400,000
3 Bed 4 Bath 2,677 sqft $897/sqft Built 1925 0.17 acres 2-Car Garage Pool Oaklawn Add

Timeless Hyde Park charm meets refined modern living in this masterfully rebuilt Craftsman. Completely taken down to the studs and meticulously reimagined with exceptional craftsmanship throughout, this remarkable residence blends historic character with thoughtful design just steps from Hancock Golf Course. A welcoming covered front porch and classic architecture set the tone for interiors filled with abundant natural light, soaring ceilings, oak floors, substantial millwork and walls of windows. The gracious living room is anchored by a masonry fireplace with herringbone brick detailing, while beautifully proportioned spaces create a warm and inviting atmosphere. The charming sunroom features custom built-ins and window seating, providing the perfect spot to read, relax or entertain. The beautifully appointed kitchen offers Thermador and KitchenAid appliances, quartzite countertops, custom cabinetry, a farmhouse sink and distinctive checkerboard tile backsplash. A mudroom with custom cabinetry and brick paver flooring adds both beauty and functionality. The main-level primary suite opens to a private patio and offers a spa-like bath with marble double vanity, clawfoot tub and separate shower. Upstairs are two en suite bedrooms, a utility room and expansive game room. Alley access provides a two-car garage/carport open on one side facing the yard, while the spacious lot offers room for a pool, creating an exceptional Hyde Park retreat. Minutes to UT. Walking distance to Fresh Plus, Hyde Park Bar and Grill, Julios, Quackenbush, Asti and the list goes on!

At $897/sqft, this home is priced 129% 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

510 E 39th St, Austin, TX 78751

Property Details

Price $2,400,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths 1
Living Area 2,677 sqft
Lot Size 0.17 acres (7,413.91 sqft)
Year Built 1925
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Oaklawn Add
County Travis
Zip Code 78751
$/sqft $897/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $11,344.48
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT249867795
List Date October 14, 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.

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
3006 Washington Sq
Allen J B
$2,750,000 $816 4 bd / 4 ba 3,371 sqft , 2026-02-26
4515 and 4517 Avenue D None
Hyde Park Annex
$1,995,000 $604 4 bd / 4 ba 3,304 sqft , 2026-06-15
106 Laurel Ln
University Heights
$1,795,000 $761 3 bd / 2 ba 2,358 sqft , 2026-09-10
3907 Bailey Ln
Dunn
$1,645,000 $590 4 bd / 4 ba 2,788 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
$11,520/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
$480,000
20% conventional investment loan

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

Estimated Gross Rent+$11,520
Principal + Interest−$13,098
Property Tax (~2.1% TX avg)−$4,200
Insurance (~0.5%)−$1,000
Est. Monthly Cash Flow $-6,778

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →
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 October 16, 2026.

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