Active Listing  ·  15 days on market

606 Josephine St

Austin, TX 78704
$2,250,000
4 Bed 3 Bath 2,483 sqft $906/sqft Built 1949 0.16 acres 2-Car Garage Pool Bluff View

Step into luxury living in the heart of Austin's coveted Zilker neighborhood. Offering an unparalleled blend of comfort and convenience, every detail is meticulously selected. Steps away from South Lamar’s vibrant scene, the serene waters of Barton Springs, and Zilker Park. Every inch of this home has been curated with high-end finishes, from the wide plank white oak floors to the custom recessed lighting that illuminates the expansive kitchen and living areas. Equipped with top-of-the-line appliances, a taj mahal waterfall quartzite island, and abundant storage, the kitchen is a haven for culinary enthusiasts. Cozy up next to the floor-to-ceiling wood-burning tile fireplace located in the living room, open to the kitchen. Discover a secondary master suite on the main level, complete with access to the backyard oasis and a luxurious en-suite bathroom. Two additional bedrooms on the first floor offer ample space and natural light. Ascend the hardwood stairs to a secondary living area, boasting panoramic views of the downtown skyline and a wet bar for effortless entertaining. The primary suite awaits with soaring ceilings, an oversized marble bath, and a custom closet for optimal organization. Outside, enjoy a courtyard style patio, offering a serene escape from the bustling city. An oversized garage and ample driveway provide parking for car enthusiasts and hobbyists alike. Don't miss the chance to own this Zilker showpiece offering unparalleled luxury and convenience in an unbeatable location.

At $906/sqft, this home is priced 132% 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

606 Josephine St, Austin, TX 78704

Property Details

Price $2,250,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,483 sqft
Lot Size 0.16 acres (7,100.28 sqft)
Year Built 1949
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Bluff View
County Travis
Zip Code 78704
$/sqft $906/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT248276307
List Date October 8, 2026
Elementary School Zilker
Middle School O Henry
High School Austin
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
711 Jewell St #A & B
Smith R G
$2,250,000 $1,341 4 bd / 3 ba 1,678 sqft , 2025-10-03
222 West Ave #2301
Seaholm Residences Residential
$2,295,000 $1,031 3 bd / 3 ba 2,227 sqft , 2026-05-15
1300 Bluff St
Bluff View
$2,299,000 $848 3 bd / 3 ba 2,710 sqft , 2026-06-18
1801 Nickerson St
Swisher Add
$2,195,000 $779 4 bd / 4 ba 2,817 sqft , 2026-10-12
222 West Ave #2201
Seaholm Residences Residential
$2,395,000 $1,075 3 bd / 3 ba 2,227 sqft , 2025-11-13

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
$10,800/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
$450,000
20% conventional investment loan

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

Estimated Gross Rent+$10,800
Principal + Interest−$12,279
Property Tax (~2.1% TX avg)−$3,938
Insurance (~0.5%)−$938
Est. Monthly Cash Flow $-6,355

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 October 20, 2026.

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