Active Listing  ·  53 days on market

613 Peacock Ln

Austin, TX 78704
$585,500
1 Bed 1 Bath 576 sqft $1,016/sqft Built 1939 0.20 acres Pool Decker

Austin’s Galindo neighborhood presents a rare opportunity with this elevated homesite offering stunning views of the Austin skyline. Nestled beneath a canopy of mature shade trees, this charming 576-square-foot cottage boasts a metal roof and holds incredible POTENTIAL in one of Austin’s most sought-after neighborhoods. Whether you envision a thoughtful renovation, a stylish weekend retreat, rental income potential, a future custom build or an Airbnb this property provides an exceptional canvas in a premier location.

Enjoy easy access to South Congress Avenue, downtown Austin, local parks, Lady Bird Lake, dining, and entertainment. Immerse yourself in the best of Austin’s living with nearby parks, coffee shops, award-winning restaurants, boutique shopping in one of the city’s most desirable pockets. The neighborhood offers walkability, bus service, and more, making it an ideal place to call home.

At $1,016/sqft, this home is priced 159% 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

613 Peacock Ln, Austin, TX 78704

Property Details

Price $585,500
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 576 sqft
Lot Size 0.20 acres (8,899.31 sqft)
Year Built 1939
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Decker
County Travis
Zip Code 78704
$/sqft $1,016/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,630.27
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239882300
List Date July 31, 2026
Elementary School Dawson
Middle School Lively
High School Travis
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 · July 31, 2026 $775,000
Previous ask $625,000
Current ask $585,500
Reduced $189,500 (-24.5%) 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
2323 S Lamar Blvd #202
Precision Add
$499,000 $673 1 bd / 1 ba 741 sqft , 2026-08-25
4414 Jinx Ave
Banister Acres Sec 02
$475,000 $640 2 bd / 1 ba 742 sqft , 2026-08-11
2403 S 2nd St
Bouldin
$450,000 $804 2 bd / 1 ba 560 sqft , 2026-04-17
2209 S 1st St #217
Bouldin
$429,000 $567 1 bd / 1 ba 756 sqft , 2026-09-12
2209 S 1st St #231
Bouldin
$399,000 $577 1 bd / 1 ba 692 sqft , 2026-07-13

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
$2,810/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
$117,100
20% conventional investment loan

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

Estimated Gross Rent+$2,810
Principal + Interest−$3,195
Property Tax (~2.1% TX avg)−$1,025
Insurance (~0.5%)−$244
Est. Monthly Cash Flow $-1,654

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 September 21, 2026.

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