ActiveResidential · sale

400 Academy Dr

Austin, TX 78704

$7,900,000

  • 5 beds
  • 4 baths
  • 4,354 sq ft
  • 1.25 acres
  • Built 1889

Listed by Engel & Volkers Austin · MLS #ACT2615563

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1889.

Garage parking

2 garage spaces listed.

Property size

1.25 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

The Crown Jewel of Historic Austin Homes
Step into a living piece of Austin’s history, an extraordinary estate built in 1889 and masterfully restored to reflect the soul of the city. Perched on a lush acre just minutes from downtown, this iconic residence offers an unmatched blend of architectural heritage, enduring craftsmanship, and modern comfort. From its hilltop vantage point, sweeping skyline views frame daily life in beauty and perspective, while the home’s granite exterior crafted from the same stone as the Texas Capitol stands as a testament to its strength, significance, & lasting presence.
Inside, the home is a love letter to timeless design. Original elements like curly longleaf pine & cypress woodwork, bronze Victorian window latches, Majolica-tiled fireplaces, and antique light fixtures are preserved with care and reverence. Artful touches such as the custom Bocci chandelier, Lady Slipper fixture in the parlor, and intricate cabinetry make each room feel curated and soulful. With 5 bedrooms & 3.5 bathrooms, the layout balances grand entertainingw/quiet retreat.
Restoration work spans decades, & the result is not just preservation but transformation. Modern systems have been discreetly integrated to provide reliability without compromising authenticity. Custom bronze weatherstripping enhances energy efficiency while honoring the original design of the windows and stained glass. The home is not only livable, it is unforgettable.
The surrounding acre is lush & serene, & the adjacent duplex at 316 Le Grande Avenue is included in sales price. Located moments from the best of downtown dining, arts, and culture, the home offers rare privacy without isolation- an oasis nestled within reach of everything. This is more than a home. It’s a chapter in Austin’s story, ready for its next steward.
All information deemed reliable but not guaranteed. Buyer to confirm all information.

THE NEIGHBORHOOD

Explore the location.

400 Academy Dr, Austin, TX 78704

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Map position comes from the listing source. Open directions in Google Maps

THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1889
Full baths
3
Half baths
1
Garage spaces
2
Cooling
Central Air
Heating
Central
Appliances
Built-In Oven(s), Dishwasher, Oven, Refrigerator
Flooring
Linoleum, Tile, Wood
Fencing
None
Accessibility
None
Pool features
None
Subdivision
Fairview Park
Parcel
02010301290000
Elementary school
Travis Hts
Middle school
Lively
High school
Travis
Annual property tax
$74,015.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$32,916.67
Cap rate

Annual operating income:

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Your property and current assumptions will be included for our team to review.

Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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400 Academy Dr, Austin, TX 78704 · MLS #ACT2615563

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Listing information

MLS #ACT2615563 · Austin Board of Realtors

Listing brokerage: Engel & Volkers Austin
Listing agent: Kathryn Scarborough

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.