Active Listing  ·  214 days on market

708 Sparks Ave

Austin, TX 78705
$1,599,000
4 Bed 4 Bath 2,847 sqft $562/sqft Built 1939 0.17 acres Pool Harris Park Add

708 Sparks Avenue is a charming Tudor-style residence tucked on a quiet street in the heart of Austin. Surrounded by live oak trees, the home offers the rare feeling of living in a private treehouse while enjoying an unbeatable central location near the University of Texas at Austin, St. David's Medical Center, I-35, top-rated schools, and Eastwoods Park. With four bedrooms and four full bathrooms, this beautifully updated property blends timeless elegance with thoughtful modern enhancements. The 2014 remodel, designed by architect Steve Zagorski, added intentional updates that complement the home’s original character. Inside, bright interiors and stunning hardwood floors create a warm, inviting atmosphere. Vaulted ceilings elevate the spacious living and lounge spaces, which flow into the open kitchen and dining area, featuring a center island, stainless steel appliances, including a Sub-Zero refrigerator, stone countertops, and a sliding door that opens seamlessly to the picturesque backyard. The primary retreat feels like a secluded sanctuary, complete with a private terrace, Lutron blackout shades, and a spa-inspired bathroom with dual vanities, a soaking tub, and an expansive walk-in shower with dual heads, all beneath vaulted wood ceilings. Outdoors, multiple entertaining spaces await, from the covered patio and built-in BBQ to the large rooftop terrace with a hot tub, offering views over the tree line. An air-conditioned detached casita with a full bathroom and living space provides flexibility for guests, a home office, or a gym. Rarely does a property combine architectural distinction, modern comfort, and exceptional outdoor living in such a premier central Austin setting. Tax and assessed values are estimates for illustration purposes only. All figures should be independently verified. WATER HAS BEEN TURNED OFF. PLEASE DO NOT TRY TO USE BATHROOMS.

At $562/sqft, this home is priced 43% 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

708 Sparks Ave, Austin, TX 78705

Property Details

Price $1,599,000
Status Active Listing
Beds 4
Full Baths 4
Half Baths ,
Living Area 2,847 sqft
Lot Size 0.17 acres (7,527.17 sqft)
Year Built 1939
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Harris Park Add
County Travis
Zip Code 78705
$/sqft $562/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $30,439
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT219799551
List Date February 20, 2026
Elementary School Lee
Middle School Kealing
High School McCallum
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 · February 20, 2026 $2,195,000
Previous ask $1,665,000
Current ask $1,599,000
Reduced $596,000 (-27.2%) 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
1801 Lavaca St #CDE
Cambridge Condo Amd
$1,650,000 $441 3 bd / 4 ba 3,739 sqft , 2026-09-17
200 W 40th St
Hyde Park Add 02
$1,495,000 $540 4 bd / 3 ba 2,771 sqft , 2026-06-24
4418 Red River St #1
Ridgetop Annex
$1,450,000 $770 4 bd / 4 ba 1,884 sqft , 2026-02-26
2102 E Martin Luther King Jr Blvd
Johns C R
$1,750,000 $780 4 bd / 2 ba 2,244 sqft , 2026-06-17
313 W 17th St #1507
The Linden Residences
$1,800,000 $933 3 bd / 3 ba 1,930 sqft , 2026-09-11

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
$7,675/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
$319,800
20% conventional investment loan

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

Estimated Gross Rent+$7,675
Principal + Interest−$8,726
Property Tax (~2.1% TX avg)−$2,798
Insurance (~0.5%)−$666
Est. Monthly Cash Flow $-4,515

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 9, 2026.

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