Active Listing  ·  75 days on market

515 E 49th St

Austin, TX 78751
$1,895,000
5 Bed 4 Bath 4,538 sqft $418/sqft Built 2000 0.26 acres 2-Car Garage Pool Grubb

Located in the heart of Hyde Park, this thoughtfully built custom Craftsman offers a rare blend of timeless character, generous square footage, soaring ceilings, and exceptional location. Originally constructed in 2000 by master woodworker and builder Michael Linnane, the home reflects a level of craftsmanship that’s increasingly hard to find—featuring rich wood floors, detailed millwork, stained glass accents, transoms, and soaring ceilings throughout. The main residence spans approximately 3,722 square feet with a flexible floor plan that adapts to a variety of lifestyles—multiple living areas, ample bedrooms, and spaces that can evolve with your needs. A detached garage apartment (approx. 800 square feet) offers additional versatility—ideal for guests, rental income, or a private office/studio setup. Set on a pier-and-beam foundation, the home also offers expansive porches and decks, an oversized garage with workshop potential, solar panels, and a backyard retreat complete with an in-ground pool and spa. This well-maintained residence is both move-in ready and presents a compelling opportunity for a buyer to personalize finishes and bring their own vision to life. Location is where this property truly shines. Positioned in one of Austin’s most beloved neighborhoods, you’re just minutes from the shops and restaurants along Duval Street and North Loop, with easy access to The University of Texas at Austin, Downtown Austin, and neighborhood staples like Quack’s 43rd Street Bakery and Hyde Park Bar & Grill. Tree-lined streets, historic charm, and a strong sense of community define this pocket of Central Austin. A rare opportunity to own a character-rich home with scale, flexibility, and upside—in one of the most walkable and enduring neighborhoods in the city.

At $418/sqft, this home is priced 7% 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

515 E 49th St, Austin, TX 78751

Property Details

Price $1,895,000
Status Active Listing
Beds 5
Full Baths 3
Half Baths 1
Living Area 4,538 sqft
Lot Size 0.26 acres (11,421.43 sqft)
Year Built 2000
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Grubb
County Travis
Zip Code 78751
$/sqft $418/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $18,359.91
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT225820859
List Date May 21, 2026
Elementary School Ridgetop
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 21, 2026 $1,995,000
Current ask $1,895,000
Reduced $100,000 (-5.0%) 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
15903 Soleil Ct
Vineyard Bay Ph 01
$1,895,000 $325 4 bd / 5 ba 5,829 sqft , 2026-04-30
3105 Pleasant Run Pl
Woods Knoll Add
$1,895,000 $577 4 bd / 4 ba 3,282 sqft , 2026-06-20
9310 Summer Sky Dr
Hill Country Ph 02-A
$1,899,000 $474 5 bd / 5 ba 4,003 sqft , 2026-06-17
3007 Locke Ln
Garden Oaks Sec 02
$1,899,000 $621 4 bd / 4 ba 3,056 sqft , 2026-07-12
1719 Spyglass Dr #1
Spyglass at Barton Creek
$1,899,999 $546 4 bd / 5 ba 3,483 sqft , 2026-02-06

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
$9,096/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
$379,000
20% conventional investment loan

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

Estimated Gross Rent+$9,096
Principal + Interest−$10,342
Property Tax (~2.1% TX avg)−$3,316
Insurance (~0.5%)−$790
Est. Monthly Cash Flow $-5,352

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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