Active Listing  ·  25 days on market

512 Sunny Ln #B

Austin, TX 78704
$1,095,000
3 Bed 3 Bath 1,840 sqft $595/sqft Built 2006 0.09 acres 1-Car Garage Pool Travis Heights

Extraordinary downtown Austin views take center stage at this one-of-a-kind Travis Heights residence, where the city skyline is close enough to touch. Experience the best of Austin's iconic 78704 zip code: mornings along Lady Bird Lake, the restaurants, shops & energy of South Congress, & Austin’s legendary festivals, including ACL & SXSW, all outside your doorstep. Back home at your private city retreat, this stunning 3 bedroom, 3 full bath residence has been extensively transformed. A dramatic floating staircase makes an unforgettable first impression, complemented by beautiful hardwood floors throughout the main level, soaring ceilings, abundant natural light & a striking fireplace. The extensively remodeled kitchen features quartz countertops, Bosch appliances, a generous island with cooktop, updated cabinetry & backsplash, wine refrigerator, & a sleek under-mount sink. All 3 full bathrooms have also been extensively remodeled with updated showers & tubs, vanities, fixtures, flooring & finishes. A main-level bedroom & full bath offer flexibility for guests or a home office. Upstairs, wake to the downtown skyline from the enormous primary suite & step onto your private balcony for morning coffee or evenings overlooking the city lights. The large primary bathroom features a jetted tub & a separate walk-in shower, as well as a walk-in closet. Another bedroom with full bathroom is situated at the other end of the hallway upstairs. Custom built-out closets in all 3 bedrooms provide exceptional storage while other major improvements include newer HVAC systems, water heater & carpet, plus updated lighting & ceiling fans throughout. Outside, a landscaped front courtyard & private fenced backyard with an extended tiered deck create multiple spaces for dining, entertaining & taking in the incredible downtown views. A detached 1-car garage plus 2-car carport & no HOA makes the possibilities endless here. Your highly coveted front-row seat to the very best of Austin awaits.

At $595/sqft, this home is priced 52% 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

512 Sunny Ln #B, Austin, TX 78704

Property Details

Price $1,095,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 1,840 sqft
Lot Size 0.09 acres (3,789.72 sqft)
Year Built 2006
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Travis Heights
County Travis
Zip Code 78704
$/sqft $595/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT244960271
List Date August 28, 2026
Elementary School Travis Hts
Middle School Lively
High School Travis
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
1325 Bonham Ter #A
Travis Heights
$1,099,000 $546 3 bd / 3 ba 2,012 sqft , 2026-03-10
1227 Newning Ave #10
Travis Heights
$1,100,000 $488 3 bd / 4 ba 2,252 sqft , 2026-06-24
555 E 5th St #2901
Five Fifty 05 Condo Amd
$1,050,000 $598 2 bd / 3 ba 1,755 sqft , 2026-08-09
48 East Ave #1310
48 East Condos
$1,049,000 $821 2 bd / 2 ba 1,277 sqft , 2026-03-13
1711 Eva St
Swisher Add
$1,150,000 $821 2 bd / 3 ba 1,400 sqft , 2026-05-29

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
$5,256/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
$219,000
20% conventional investment loan

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

Estimated Gross Rent+$5,256
Principal + Interest−$5,976
Property Tax (~2.1% TX avg)−$1,916
Insurance (~0.5%)−$456
Est. Monthly Cash Flow $-3,092

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 Travis Heights

Travis Heights is the neighborhood that South Austin residents fight over. Perched on hilly terrain south of the river between South Congress and Congress Avenue, it combines the best of South Austin's character - eclectic homes, mature trees, creative energy - with genuine walkability to one of Austin's best commercial corridors.

The streets roll up and down in a way that's unusual for Austin, creating sightlines and privacy that flat neighborhoods can't offer. Homes here range from original craftsman bungalows and Victorian cottages to architecturally significant modern builds taking advantage of the topography.

🛍️
South Congress Access

Walking distance to the South Congress corridor - Austin's most eclectic commercial street, with restaurants, bars, boutiques, and the Continental Club.

🌳
Mature Tree Cover

Some of the best tree canopy in South Austin. The hilly terrain means homes have natural privacy from the street and each other.

🏊
Big Stacy Park

Neighborhood park with a spring-fed swimming pool, tennis courts, and playground - a true community asset that's a short walk for most residents.

🏘️
Neighborhood Character

Architecture ranges from 1910 craftsman bungalows to striking modern infill. The variety is part of the appeal - no two blocks look the same.

Full Travis Heights 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 September 19, 2026.

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