Active Listing  ·  2 days on market

712 Nowotny Ln

Austin, TX 78702
$950,000
2 Bed 2 Bath 1,040 sqft $913/sqft Built 1936 0.67 acres Pool Division A

Take advantage of this rare opportunity to own one of the most private residences in Central East Austin. This property consists of two tracts (708 Nowotny & 712 Nowotny) and totals nearly 0.60+ acres or 28,000+ square feet. 708 Nowotny is an unimproved tract that is 0.28 acres, and 712 Nowotny includes a charming home on 0.32 acres. Enjoy this incredible compound as a private residence and build an ADU, pool, tennis or pickleball court. Or utilize its endless development potential to sell or develop both tracts in the future. You could also tear down and develop multiple units with the generous 155' of frontage combined on the two tracts. The property is currently platted as two separate SF-3 lots but could be re-platted into at least 3 SF-3 lots, or re-zoned to allow for even more units (buyer to verify). The home on 712 Nowotny exudes charming character and eclectic style boasting original hardwood flooring, a tongue & groove ceiling in the living room, two spacious bedrooms and a well-crafted, updated kitchen and dining area. The bright and airy kitchen features recent cabinets, stainless steel countertops and stainless steel appliances. The thoughtful floor plan is organized to offer multiple entertaining options and great separation between the bedrooms. Relax on one of two screened porches and enjoy the complete privacy and serenity of this hidden gem. Walk to Flitch Coffee, Justine's, Kinda Tropical, Hi Sign Brewing, Pickleball, Austin Bouldering Project and so much more. An opportunity to own this large of a tract on the most private street in 78702 is not something that comes around often, don't miss it!

At $913/sqft, this home is priced 134% 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

712 Nowotny Ln, Austin, TX 78702

Property Details

Price $950,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,040 sqft
Lot Size 0.67 acres (29,185.2 sqft)
Year Built 1936
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Division A
County Travis
Zip Code 78702
$/sqft $913/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $13,718.04
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT249829419
List Date October 21, 2026
Elementary School Zavala
Middle School Martin
High School Eastside Early College
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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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
2703 E Cesar Chavez St
RIVERVIEW ADDN
$949,000 $760 2 bd / 1 ba 1,248 sqft , 2026-09-30
2513 E Cesar Chavez St
Riverview Add
$1,075,000 $1,265 3 bd / 2 ba 850 sqft , 2026-06-26
2406 Santa Maria St
Industrial Add
$770,000 $552 3 bd / 2 ba 1,394 sqft , 2026-08-27
3007 E 4th St
Tillery Square
$750,000 $630 3 bd / 2 ba 1,191 sqft , 2026-08-28
1124 Tillery St
Division A
$675,000 $842 2 bd / 1 ba 802 sqft , 2026-07-18

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
$4,560/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
$190,000
20% conventional investment loan

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

Estimated Gross Rent+$4,560
Principal + Interest−$5,185
Property Tax (~2.1% TX avg)−$1,663
Insurance (~0.5%)−$396
Est. Monthly Cash Flow $-2,684

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 October 22, 2026.

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