Active Listing  ·  117 days on market

601 Vermont Rd #1

Austin, TX 78702
$749,900
3 Bed 3 Bath 1,614 sqft $465/sqft Built 2026 0.29 acres 1-Car Garage Pool New Construction Pipkin Add 02

**Note there are a total of 4 units available at this property ranging 1488 sq feet to 1670 sq feet, contact agent for more info**

Presenting a truly distinguished single family residence located at 601 Vermont RD Unit 1. Nestled in the highly sought after neighborhood of Govalle. This luxurious house, built in 2026, showcases an amazing design crafted with top tier materials. The kitchen, provides an exceptional culinary environment. It features elegant stone countertops and a sophisticated backsplash, complementing the expansive large kitchen island that serves as a central gathering point. This space is thoughtfully designed for both efficiency and enjoyment. This residence encompasses three inviting bedrooms, offering comfortable and private spaces for relaxation. A dedicated inclosed garage space provides convenient and safe vehicle storage. Furthermore, a private balcony extends the living experience outdoors, offering a tranquil spot within this desirable residential area. This property represents an unparalleled opportunity for refined living in a prime Austin location that's walkable to restaurants, shops, bars, and more!

At $465/sqft, this home is priced 19% 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

601 Vermont Rd #1, Austin, TX 78702

Property Details

Price $749,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,614 sqft
Lot Size 0.29 acres (12,588.84 sqft)
Year Built 2026
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Pipkin Add 02
County Travis
Zip Code 78702
$/sqft $465/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $13,251.77
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT225569555
List Date April 9, 2026
Elementary School Brooke
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.

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
513 W Odell St #A
Silverton Heights
$749,900 $453 4 bd / 3 ba 1,656 sqft , 2026-06-26
11813 Knights Brg
Barrington Oaks Sec 01
$749,999 $386 3 bd / 2 ba 1,944 sqft , 2026-05-23
2214 Gardenia Dr
Kings Village Sec 02 Pt 01
$750,000 $651 4 bd / 2 ba 1,152 sqft , 2026-02-05
2711 Stacy Ln #2
2711 STACY LANE CONDOMINIUMS
$750,000 $682 2 bd / 2 ba 1,100 sqft , 2026-04-10
2905 E 5th St #A
2905 East 5th Condos
$750,000 $451 3 bd / 3 ba 1,664 sqft , 2026-06-19

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
$3,600/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
$149,980
20% conventional investment loan

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

Estimated Gross Rent+$3,600
Principal + Interest−$4,093
Property Tax (~2.1% TX avg)−$1,312
Insurance (~0.5%)−$312
Est. Monthly Cash Flow $-2,117

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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