ActiveResidential · sale

3015 Washington

Austin, TX 78705

$3,399,000

  • 4 beds
  • 6 baths
  • 3,148 sq ft
  • 0.38 acres
  • Built 2013

Listed by Compass RE Texas, LLC · MLS #ACT3110051

A FEW THINGS TO NOTICE

What stands out.

Additional spaces

Built-In Rental Income: The same level of care extends to the beautifully appointed one-bedroom, one-bath apartment above the detached two-car garage — a space that feels far more like a luxury guest suite than a typical ADU.

Year built

Built in 2013.

Garage parking

2 garage spaces listed.

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

THE PROPERTY

Get to know the property.

A Rare Double-Lot Opportunity in the Heart of Central Austin

This extraordinary property presents something nearly impossible to find in Central Austin: two separate lots (3105 & 3013 Washington Sq.) totaling a compound-like estate steps from premier dining, shopping, parks, and the University of Texas. In one of Austin's most desirable zip codes, the value of that second lot alone is not to be overlooked.

Exquisite Main Residence: Designed by renowned architect Jay Farrell and masterfully built by Don Crowell — two names synonymous with Austin's finest residential construction — the main house is a true benchmark of craftsmanship, spanning three bedrooms and three and a half baths. Recent updates by Lindsey Hanna Design layer in refined finishes and thoughtful detail at every turn, resulting in a home where the quality of execution is evident the moment you walk in.

Built-In Rental Income: The same level of care extends to the beautifully appointed one-bedroom, one-bath apartment above the detached two-car garage — a space that feels far more like a luxury guest suite than a typical ADU. With UT and Central Austin's best amenities just steps away, demand for quality rentals here is perennial, making this a rare chance to generate meaningful income from day one.

A Second Lot with Serious Potential: The pool and pool house carry that same standard of finish, with a resort-worthy design that includes a kitchenette, full bath, and built-in Murphy bed. It's a dream entertaining space today — and the lot offers ample room to build an entirely new home tomorrow. Live in the main residence while you build, then sell, rent, or keep both.
Smart, Sustainable Living: State-of-the-art solar panels deliver meaningful utility savings without compromising an ounce of luxury.
Opportunities to own two contiguous lots in a location this central are exceedingly rare. This is a generational asset — whether you live in it, expand it, or invest in it.

THE NEIGHBORHOOD

Explore the location.

3015 Washington, Austin, TX 78705

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
2013
Full baths
5
Half baths
1
Garage spaces
2
Cooling
Central Air
Heating
Central
Appliances
Built-In Oven(s), Built-In Refrigerator, Cooktop, Dishwasher, Disposal, Gas Cooktop, RNGHD
Flooring
Concrete, Tile, Wood
Fencing
Full
Accessibility
None
Pool features
In Ground
Subdivision
Washington Square
Parcel
02170210240000
Elementary school
Bryker Woods
Middle school
O Henry
High school
Austin
Annual property tax
$35,410.40

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$14,162.50
Cap rate

Annual operating income:

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

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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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3015 Washington, Austin, TX 78705 · MLS #ACT3110051

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Listing information

MLS #ACT3110051 · Austin Board of Realtors

Listing brokerage: Compass RE Texas, LLC
Listing agent: Elizabeth Matson

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