Active Listing  ·  61 days on market

708 Upson St

Austin, TX 78703
$1,695,000
4 Bed 3 Bath 2,910 sqft $582/sqft Built 1935 0.14 acres 1-Car Garage Pool Deep Eddy Heights

Rare opportunity to own a fully remodeled home in one of Central Austin’s most desirable locations—within walking distance of Zilker Park, Lady Bird Lake, Deep Eddy Pool, & numerous neighborhood restaurants & gathering spots.

Tucked away on a quiet dead-end street, this beautifully updated 4-bedroom, 3-bath home combines high-end finishes with the outdoor lifestyle that defines the iconic Deep Eddy area. A wall of mature greenbelt trees creates an exceptional level of privacy & a peaceful backdrop that feels removed from the city, yet the home remains right in the heart of Austin.

Beautiful flooring flows throughout the light-filled, open-concept layout. The stunning kitchen is designed for entertaining & features a generous quartzite island, Thermador appliances, & a professional-grade cooktop. Two distinct living spaces include a vibrant main living area & a separate movie theater room tucked quietly toward the back of the home.

The entire upper level is dedicated to the expansive primary suite—a sun-filled retreat with soaring ceilings & a spa-like bathroom featuring a luxurious soaking tub. The main level also includes a secondary bedroom with a playful built-in loft, along with an abundance of storage throughout the home.

A convenient mudroom connects the main living areas to the attached garage, which is equipped with an EV charger. Private alley access and a separate rear entrance provide incredible flexibility, including the potential for an owner-occupied short-term rental opportunity, subject to all required applications, permits, and licensing.

The alley also reveals one of the property’s best-kept secrets: an impressive view of the downtown Austin skyline.

Zoned to highly regarded schools, including Casis Elementary, and offering easy access to MoPac and downtown, this exceptional property delivers a rare combination of modern luxury, privacy, walkability, greenbelt serenity, and income-producing potential. Furnishings are negotiable!

At $582/sqft, this home is priced 48% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

708 Upson St, Austin, TX 78703

Property Details

Price $1,695,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,910 sqft
Lot Size 0.14 acres (6,185.52 sqft)
Year Built 1935
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Deep Eddy Heights
County Travis
Zip Code 78703
$/sqft $582/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $28,962.84
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239442646
List Date July 23, 2026
Elementary School Casis
Middle School O Henry
High School Austin
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
2206 Parkway None
Enfield D
$1,749,950 $861 3 bd / 2 ba 2,032 sqft , 2026-09-10
2800 Cherry Ln
Tarry Town 03
$1,625,000 $617 4 bd / 3 ba 2,633 sqft , 2026-08-18
2005 Bowman Ave
Tarry Town 06
$1,585,000 $785 3 bd / 2 ba 2,019 sqft , 2026-05-19
1407 Hartford Rd
Enfield E
$1,575,000 $698 4 bd / 2 ba 2,256 sqft , 2026-09-15
1800 W 10th St
White Essie Resub
$1,449,900 $661 3 bd / 3 ba 2,192 sqft , 2026-09-03

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
$8,136/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
$339,000
20% conventional investment loan

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

Estimated Gross Rent+$8,136
Principal + Interest−$9,250
Property Tax (~2.1% TX avg)−$2,966
Insurance (~0.5%)−$706
Est. Monthly Cash Flow $-4,786

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 13, 2026.

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