Active Listing  ·  26 days on market

806 Blanco St

Austin, TX 78703
$4,750,000
5 Bed 3 Bath 4,230 sqft $1,123/sqft Built 1915 0.26 acres 4-Car Garage Pool Maddox John

This is an exceptionally rare opportunity to purchase an Old West Austin/Clarksville area compound. 804 & 806 Blanco are two adjacent properties that together offer a remarkable lifestyle meeting the needs, wants and desires for even the most discerning buyer. 806 Blanco functions as the primary residence. It was stunningly remodeled, architect Amy Dempsey, in 2017 to include such features as SmartGlass electrically controlled opacity windows and folding doors spanning much of the back of the house and overlooking the sleek pool, hot tub, custom iron arbor by Nieri design covering the deck, and a lush, flat, green lawn. It has a media area in the second living area, including a 165” retractable movie projection screen and a hidden box to house a projector. This 3 bedrooms, 2 baths, 2 living areas, home has Carrara marble flooring and walls in the primary bath, a walk-in primary closet, and walk-in kitchen pantry. Enter the adjacent home, 804 Blanco. This residence functions perfectly as a guest house, quiet office space, long or short term rental, art space or even light commercial space. Two of the most surprising features are the 2nd floor private entry room that is currently being used as a music studio (equipment does not convey) and the detached 4-car garage that includes a 6’ high car scissor lift, for any current or future car aficionados. Originally built in 1915 and 1920, respectively, the owners have maintained the quintessential exterior charm while turning the primary home into a jaw dropping masterpiece. These two homes create a compound, in one of the most coveted and walkable areas, in central Austin, offering extensive versatility for the way people only dream of living – especially this close to downtown.

At $1,123/sqft, this home is priced 186% 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

806 Blanco St, Austin, TX 78703

Property Details

Price $4,750,000
Status Active Listing
Beds 5
Full Baths 3
Half Baths ,
Living Area 4,230 sqft
Lot Size 0.26 acres (11,325.6 sqft)
Year Built 1915
Garage 4 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Maddox John
County Travis
Zip Code 78703
$/sqft $1,123/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $43,970.98
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT244625173
List Date August 27, 2026
Elementary School Mathews
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.

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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 · August 27, 2026 $4,750,000
Previous ask $5,000,000
Current ask $4,750,000
Increased , (+0.0%) 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
1104 Maufrais St
Shelley Heights 02
$3,650,000 $1,000 5 bd / 4 ba 3,651 sqft , 2026-08-27
2114 W 11th St
George W Spear League
$3,547,990 $1,000 5 bd / 5 ba 3,548 sqft , 2026-08-21
504 W 7th St
Block 079 Original City
$3,500,000 $688 6 bd / 4 ba 5,089 sqft , 2025-04-21
706 Barton Blvd
South Lund Park Sec 02
$3,400,000 $1,048 5 bd / 3 ba 3,244 sqft , 2026-06-22
1102 Charlotte St
Silitt Add
$3,199,000 $1,035 4 bd / 4 ba 3,090 sqft , 2026-09-01

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
$22,800/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
$950,000
20% conventional investment loan

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

Estimated Gross Rent+$22,800
Principal + Interest−$25,923
Property Tax (~2.1% TX avg)−$8,313
Insurance (~0.5%)−$1,979
Est. Monthly Cash Flow $-13,415

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 20, 2026.

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