Active Listing  ·  165 days on market

708 Sparks Ave

Austin, TX 78705
$1,665,000
4 Bed 4 Bath 2,847 sqft $585/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 $585/sqft, this home is priced 50% 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

708 Sparks Ave, Austin, TX 78705

Property Details

Price $1,665,000
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 $585/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.

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
3907 Bailey Ln
Dunn
$1,665,000 $611 4 bd / 4 ba 2,727 sqft , 2026-05-14
2106 Allwood Dr #D
ZILKER RESERVE CONDOMINIUMS
$1,670,000 $563 4 bd / 4 ba 2,966 sqft , 2026-03-11
2302 E 11th St
Grandview Place
$1,659,000 $691 3 bd / 3 ba 2,400 sqft , 2026-07-25
102 N Lake Hills Dr
Lake Ridge Estates Sec 02
$1,658,888 $509 4 bd / 4 ba 3,256 sqft , 2026-07-20
1719 Spyglass Dr #17
Spyglass
$1,654,900 $526 4 bd / 5 ba 3,146 sqft , 2026-05-08

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
$7,992/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
$333,000
20% conventional investment loan

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

Estimated Gross Rent+$7,992
Principal + Interest−$9,087
Property Tax (~2.1% TX avg)−$2,914
Insurance (~0.5%)−$694
Est. Monthly Cash Flow $-4,703

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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