Active Listing  ·  166 days on market

601 Vermont Rd #1

Austin, TX 78702
$744,900
3 Bed 3 Bath 1,614 sqft $462/sqft Built 2026 0.29 acres 1-Car Garage Pool New Construction Pipkin Add 02

**Note the unit next door is also available, 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 $462/sqft, this home is priced 18% above the Austin active market average of $393/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 $744,900
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 $462/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.

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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 · April 9, 2026 $814,900
Previous ask $749,900
Current ask $744,900
Reduced $70,000 (-8.6%) 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
3007 E 4th St
Tillery Square
$750,000 $630 3 bd / 2 ba 1,191 sqft , 2026-08-28
3133 Govalle Ave #B
3133 Govalle Ave Condos
$725,000 $388 3 bd / 3 ba 1,868 sqft , 2026-08-06
2406 Santa Maria St
Industrial Add
$770,000 $552 3 bd / 2 ba 1,394 sqft , 2026-08-27
3103 Garwood St #3
Brass G M
$789,000 $459 3 bd / 3 ba 1,720 sqft , 2026-06-04
619 Tillery St #A
Holton Tillery Acres
$799,500 $446 3 bd / 3 ba 1,792 sqft , 2026-08-21

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
$3,576/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
$148,980
20% conventional investment loan

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

Estimated Gross Rent+$3,576
Principal + Interest−$4,065
Property Tax (~2.1% TX avg)−$1,304
Insurance (~0.5%)−$310
Est. Monthly Cash Flow $-2,103

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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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 August 11, 2026.

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