Active Listing  ·  63 days on market

616 W Monroe St

Austin, TX 78704
$2,500,000
6 Bed 6 Bath 5,131 sqft $487/sqft Built 2007 0.21 acres 1-Car Garage Pool Pace A J Mrs

This architecturally distinctive single-family residence offers an exceptional blend of space, flexibility, and thoughtful

design in the heart of Bouldin Creek. The front portion of the home features a 3-bedroom, 3-bath layout with an

attached one-car garage and three additional covered parking spaces — a rare convenience in this highly walkable

neighborhood. Toward the rear of the home, the private primary retreat occupies the entire third level and includes its

own sitting area, creating a true sanctuary above the treetops. On the first floor, a secondary bedroom with an ensuite

bath opens directly to the backyard, ideal for guests, extended family, or a quiet home office. An additional room with

a private entrance — currently converted from the second one-car garage — provides even more versatility and can

easily be restored to garage use if desired. A dramatic shared foyer on the second level welcomes you into light-filled

living spaces framed by walls of windows and elevated, treehouse-style views from the upper floors. The main kitchen

flows seamlessly into the dining and living areas, creating an open and inviting environment for everyday living and

entertaining. A secondary kitchenette adds convenience and flexibility, enhancing the home’s thoughtful layout.

Designed with efficiency in mind, the property includes 24 kW solar panels, supplemental mini-split HVAC systems for

targeted climate control, and LED lighting throughout. A custom steel three-car carport with integrated solar panels

adds architectural character while providing substantial covered parking and additional energy savings. Ideally located

in Bouldin Creek, just moments from South 1st and South Congress, with easy access to Zilker Park, Barton Springs,

and Lady Bird Lake, this home offers the rare combination of privacy, versatility, and premier Austin living. A truly

unique opportunity in one of Austin’s most sought-after neighborhoods.

At $487/sqft, this home is priced 25% 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

616 W Monroe St, Austin, TX 78704

Property Details

Price $2,500,000
Status Active Listing
Beds 6
Full Baths 5
Half Baths 1
Living Area 5,131 sqft
Lot Size 0.21 acres (9,226.01 sqft)
Year Built 2007
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Pace A J Mrs
County Travis
Zip Code 78704
$/sqft $487/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $22,431
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT231733611
List Date June 2, 2026
Elementary School Becker
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.

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
2 Rock Way Cv
Clark Robert B
$2,500,000 $718 5 bd / 3 ba 3,483 sqft , 2026-05-29
1201 Silver Hill Dr
Rolling Hills West
$2,495,000 $585 5 bd / 5 ba 4,265 sqft , 2026-06-26
1119 Fairmount Ave
Travis Heights
$2,480,000 $632 5 bd / 5 ba 3,925 sqft , 2026-02-20
2417 Never Bend Cv
Davenport Ranch
$2,550,000 $495 6 bd / 5 ba 5,150 sqft , 2026-04-02
6300 Bernia Dr
Avana
$2,575,000 $575 5 bd / 6 ba 4,479 sqft , 2026-05-15

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
$12,000/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
$500,000
20% conventional investment loan

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

Estimated Gross Rent+$12,000
Principal + Interest−$13,644
Property Tax (~2.1% TX avg)−$4,375
Insurance (~0.5%)−$1,042
Est. Monthly Cash Flow $-7,061

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →