Active Listing  ·  36 days on market

609 W Elizabeth St

Austin, TX 78704
$1,500,000
3 Bed 2 Bath 1,053 sqft $1,425/sqft Built 1946 0.16 acres Pool South Heights

Seller is an Estate. Built in 1946 this South Austin charming craftsman style home is ideally located minutes from downtown and all that South Austin offers. It holds many years of treasured memories for their family. The lot runs between and can be accessed from both Elizabeth St and Jewell St! Gleaming wood floors, Updated kitchen and bath counters and appliances, Walk-in showers, Screened back porch, tandem covered parking behind the home, additional off street parking in driveway in front of home, storage shed, garden area as well as location location location! The Estate has a Survey. Square footage may be larger than TCAD has & MUST be confirmed by Buyer & Buyer Rep. All information deemed reliable, but not guaranteed. Buyer and buyer representatives must independently confirm all information. Please text listing agent with questions or to arrange a showing. Ring doorbell camera at both exterior doors. Seller will seriously consider all offers.

At $1,425/sqft, this home is priced 265% above the Austin active market average of $390/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

609 W Elizabeth St, Austin, TX 78704

Property Details

Price $1,500,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,053 sqft
Lot Size 0.16 acres (7,069.79 sqft)
Year Built 1946
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision South Heights
County Travis
Zip Code 78704
$/sqft $1,425/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $18,451.93
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246452972
List Date October 7, 2026
Elementary School Becker
Middle School Lively
High School Travis
School District Austin ISD

Austin ISD

Becker · Lively · Travis

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 · October 7, 2026 $1,500,000
Previous ask $2,200,000
Current ask $1,500,000
▲ Increased , (+0.0%) 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
44 East Ave #3402
44 EAST AVE CONDIMINIUMS
$1,425,000 $1,028 2 bd / 2 ba 1,386 sqft , 2026-11-05
610 Davis St #3308
Modem Austin
$1,295,000 $1,103 2 bd / 2 ba 1,174 sqft , 2026-09-24
210 Lavaca St #1902
Condo
$1,195,000 $1,022 2 bd / 2 ba 1,169 sqft , 2026-09-15
1711 Eva St
Swisher Add
$1,150,000 $821 2 bd / 3 ba 1,400 sqft , 2026-05-29
44 East Ave #3604
44 EAST AVE CONDOMINIUMS
$1,050,000 $896 2 bd / 2 ba 1,172 sqft , 2026-09-15

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
$7,200/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
$300,000
20% conventional investment loan

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

Estimated Gross Rent+$7,200
Principal + Interest−$8,186
Property Tax (assumed ~2.1%)−$2,625
Insurance (assumed ~0.5%)−$625
Est. Monthly Cash Flow $-4,236

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 · 41 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. The written content was last updated on October 17, 2026.

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

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