Active Listing  ·  1 day on market

1509 Grayford Dr

Austin, TX 78704
$1,895,000
4 Bed 3 Bath 2,777 sqft $682/sqft Built 1964 0.20 acres Pool Southridge West

Modern Design with Boutique Hotel Vibes

Reimagined down to the studs in 2018, and completed in 2020, this thoughtfully redesigned home blends modern architecture with warm, inviting spaces across 2,777 square feet. Every room has been carefully considered, creating a home that feels both refined and effortlessly livable.

The main level centers around an open living space where dramatic floor-to-ceiling windows frame views of the pool, filling the home with natural light. Custom bookshelves frame the staircase, creating a striking architectural centerpiece. The kitchen and living areas flow together with an easy connection to the outdoors, making everyday living feel relaxed and connected.

Privately positioned on the main level, the primary suite overlooks the pool, while upstairs offers a loft, guest bedroom, and full bath, creating an ideal space for visitors, a home office, or additional living.

Designed for year-round enjoyment, the backyard feels like a private retreat with a heated and chilled pool, a sauna, and an outdoor shower. Whether enjoying a quiet morning by the pool or hosting friends for an evening swim, the outdoor spaces are every bit as intentional as the interiors.

Moments from Austin's favorite restaurants, coffee shops, parks, and local destinations, this home offers a distinctive blend of thoughtful design, modern comfort, and one of the city's most sought-after neighborhoods.

At $682/sqft, this home is priced 74% 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

1509 Grayford Dr, Austin, TX 78704

Property Details

Price $1,895,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,777 sqft
Lot Size 0.20 acres (8,659.73 sqft)
Year Built 1964
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Southridge West
County Travis
Zip Code 78704
$/sqft $682/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $20,025.72
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT248181490
List Date October 7, 2026
Elementary School Joslin
Middle School Covington
High School Crockett
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
3007 Garden Villa Ln
Garden Oaks Sec 01
$1,895,000 $633 4 bd / 4 ba 2,993 sqft , 2026-09-16
404 Krebs Ln
Williamson Sec 02
$1,995,000 $642 4 bd / 4 ba 3,109 sqft , 2026-09-09
3112 Clawson Rd
THEODORE HEIGHTS
$1,675,000 $763 3 bd / 3 ba 2,194 sqft , 2026-05-28
4700 Banister Ln
Greenwood Forest Sec 02
$1,665,000 $541 4 bd / 5 ba 3,078 sqft , 2026-08-22
4513 Hank Ave
Forest Oaks
$1,650,000 $535 4 bd / 4 ba 3,086 sqft , 2026-06-25

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
$9,096/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
$379,000
20% conventional investment loan

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

Estimated Gross Rent+$9,096
Principal + Interest−$10,342
Property Tax (~2.1% TX avg)−$3,316
Insurance (~0.5%)−$790
Est. Monthly Cash Flow $-5,352

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 7, 2026.

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