Active Listing  ·  43 days on market

2908 Perry Ln

Austin, TX 78731
$1,099,000
4 Bed 3 Bath 2,561 sqft $429/sqft Built 1951 0.21 acres Pool Highland Park

Also listed for LEASE: MLS 5384672. This beautifully updated central Austin home, complete with a private casita, is full of charm and everyday livability. The 2,170 square foot main house with hardwood floors throughout offers three bedrooms, two baths, and an open, airy layout that makes the home feel warm and welcoming from the moment you walk in. The recently remodeled kitchen is a true centerpiece with modern cabinets, high-end appliances, a farmhouse sink, and a large center island with gorgeous quartz countertops. The kitchen flows easily to the dining and sunlit living room, perfect for both cozy nights and lively gatherings. The primary suite is tucked away for privacy and includes built-in storage and bath with double vanity and a walk-in shower. Attached to the primary is a bright, versatile sunroom giving you space for a gym, office, or playroom. The spacious backyard provides multiple entertaining spaces - a large deck, stone patio, and a flat yard. The one-bedroom, one-bath 391 square foot casita is a dream - fully equipped with its own kitchen, bathroom, and Murphy bed, making it ideal for guests, in-laws, or a work-from-home setup. For extra storage needs there is a shed just behind the casita. The location can’t be beat - just minutes to The Grove, Central Market, Burnet Road attractions, and with easy access to Mopac you are just about ten minutes to Downtown Austin and The Domain. This home is truly the perfect mix of character, charm, convenience, and comfort. Buyer to independently verify school zoning with Austin Independent School District, as zoning changes may occur for the 2026–2027 school year.

At $429/sqft, this home is priced 10% 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

2908 Perry Ln, Austin, TX 78731

Property Details

Price $1,099,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,561 sqft
Lot Size 0.21 acres (9,016.92 sqft)
Year Built 1951
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Highland Park
County Travis
Zip Code 78731
$/sqft $429/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $21,378.63
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246275720
List Date September 10, 2026
Elementary School Highland Park
Middle School Lamar (Austin ISD)
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.

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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 · September 10, 2026 $1,099,000
Previous ask $1,149,000
Current ask $1,099,000
▲ 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
4202 Endurance Way
Grove Master Condos
$1,194,990 $365 3 bd / 4 ba 3,270 sqft , 2026-04-30
4204 Endurance Way
The Grove
$1,199,990 $367 3 bd / 4 ba 3,270 sqft , 2026-10-16
2806 W 44th St #A
Highland Park
$995,000 $452 3 bd / 4 ba 2,201 sqft , 2026-10-15
4012 Emory Peak Pass
The Grove
$1,229,000 $391 4 bd / 5 ba 3,147 sqft , 2026-03-03
1811 W 39th St #A/B
Ridgelea
$965,000 $472 4 bd / 3 ba 2,044 sqft , 2026-07-15

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
$5,275/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
$219,800
20% conventional investment loan

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

Estimated Gross Rent+$5,275
Principal + Interest−$5,998
Property Tax (~2.1% TX avg)−$1,923
Insurance (~0.5%)−$458
Est. Monthly Cash Flow $-3,104

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 →