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Unlock an unparalleled investment opportunity in Austin's esteemed Banister Acres neighborhood, within the 78745 area code"”comprising three premium assets designed for immediate income generation and substantial appreciation potential. With a 25% price reduction to $899,900, this presents a compelling prospect requiring prompt attention to capitalize on favorable returns. (1) Elite Front Home ($527,200): Fully rebuilt in 2025 with high-efficiency HVAC, plumbing, and electrical systems, spray foam insulation, LG stainless steel appliances, Bosch dishwasher, elegant quartz countertops featuring waterfall edges, and premium luxury flooring. Fresh CO issued November 4, 2025, ensuring seamless ownership and operation. (2) Chic Tiny Home Rear Unit ($161,300): Equipped with cutting-edge modern upgrades, including efficient HVAC, plumbing, and electrical systems, spray foam insulation, premium countertops, a tankless water heater for optimal energy savings, and luxury flooring throughout; grandfathered compliant studio, offering versatile and appealing living space. (3) Prime Developable Parcel ($211,400): Preliminary draft site plan available in the MLS for a 2,333+ square foot home or duplex. Entitlement finalization currently in process, positioning this parcel for swift development and value enhancement. Neighboring property sold for $1,599,900 on June 23, 2025"”clear evidence of rapidly ascending market values in this sought-after area. Return on Investment (5%+ Capitalization Rate): Construction at $250 per square foot (approximately $583,000); total annual income of $93,600 ($7,800 per month total for the three units). Deducting $20,000 in expenses (including $10,255 for taxes, insurance, and maintenance), NOI reaches $73,600. Based on a $1,483,000 investment, this yields a capitalization rate exceeding 5%. Existing units provide immediate revenue. Secure this discounted opportunity promptly, as market conditions in Austin continue to escalate!
| LAST UPDATED | 11/7/2025 | TRACT | Banister |
|---|---|---|---|
| YEAR BUILT | 1951 | COMMUNITY | Banister |
| GARAGE SPACES | 1.0 | COUNTY | Travis |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| Elementary School | St Elmo |
|---|---|
| Jr. High School | Bedichek |
| High School | Travis |
| PRICE HISTORY | |
| Prior to Nov 7, '25 | $1,194,900 |
|---|---|
| Nov 7, '25 - Today | $899,900 |
| ADDITIONAL DETAILS | |
| AIR | Ceiling Fan(s), Central Air, Electric, ENERGY STAR Qualified Equipment, Multi Units |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Built-In Gas Oven, Built-In Gas Range, Built-In Range, Dishwasher, Disposal, Dryer, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Washer, ENERGY STAR Qualified Water Heater, Exhaust Fan, Free-Standing Gas Oven, Gas Range, Instant Hot Water, Microwave, Refrigerator, Stainless Steel Appliance(s), Vented Exhaust Fan, Wash |
| AREA | 10N |
| CONSTRUCTION | Board & Batten Siding, Cement Siding, Metal Siding, Radiant Barrier, Spray Foam Insulation, Wood Sid |
| EXTERIOR | Barbecue, Dog Run, Garden, Gas Grill, Lighting, Outdoor Grill, Permeable Paving, Private Entrance, Private Yard, Uncovered Courtyard |
| GARAGE | Yes |
| HEAT | Central, ENERGY STAR Qualified Equipment, Exhaust Fan, Natural Gas, Radian, Radiant, Radiant Ceiling |
| INTERIOR | Bar, Built-in Features, Ceiling Fan(s), High Speed Internet, Master Downstairs, Open Floorplan, Recessed Lighting, Smart Home, Smart Thermostat, Sound System, Storage, Walk-In Closet(s), Wired for Data, Wired for Sound |
| LOT | 8712 sq ft |
| LOT DESCRIPTION | Back Yard, Cleared, Few Trees, Front Yard, Landscaped, Near Public Transit, Open Lot, Private, Split Possible, Views |
| LOT DIMENSIONS | 50 x 172 |
| PARKING | See Remarks, Additional Parking, Common, Covered, Detached Carport, Gated, Private, Shared Driveway |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| STYLE | Other |
| SUBDIVISION | Banister |
| TAXES | 10556 |
| UTILITIES | Underground Utilities, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Water Available, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | City, Skyline |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Property listed by James Haecker, James R. Haecker
Based on information from the Austin Board of REALTORS ® (alternatively, from ACTRIS) for the period through 11/8/25 7:06 AM PST. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
This IDX solution is (c) Diverse Solutions 2025.