ActiveResidential · sale

1606 Grayford Dr #1

Austin, TX 78704

$850,000

  • 4 beds
  • 3 baths
  • 2,153 sq ft
  • 0.09 acres
  • Built 2020

Listed by Compass RE Texas, LLC · MLS #ACT6015992

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PROPERTY QUESTIONS & SHOWINGS

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1606 Grayford Dr #1, Austin, TX 78704 · MLS #ACT6015992

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A FEW THINGS TO NOTICE

What stands out.

Details worth a look

The private, fenced-in yard wraps around the property, extending from an expansive front lawn to a custom rear deck with built-in benches and hidden storage.

Year built

Built in 2020.

Garage parking

1 garage spaces listed.

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

THE PROPERTY

Get to know the property.

Experience refined Austin living in this beautifully designed 4-bedroom, 3-bathroom residence where modern style meets an enviable 78704 location.

Inside, the home is defined by soaring ceilings and natural light, polished concrete floors, and thoughtfully selected finishes. The open-concept kitchen serves as the centerpiece, featuring a quartz waterfall island, Bosch stainless steel appliances, custom cabinetry, and distinctive designer tile.

The main level includes a spacious guest bedroom and full bath, offering flexibility for visitors or a convenient office. Upstairs, the generous primary suite delivers a true sense of escape with a spa-inspired bathroom complete with a walk-in shower, soaking tub, dual vanities, and an oversized walk-in closet. Two additional bedrooms, a full bath, and a second living space provide plenty of room for family and guests.

Perhaps the home’s most unexpected feature is the exceptional outdoor space. The private, fenced-in yard wraps around the property, extending from an expansive front lawn to a custom rear deck with built-in benches and hidden storage. Multiple covered areas, thoughtful lighting, and shade sails create a series of inviting spaces for relaxing and entertaining, making the outdoors feel like a true extension of the home. Upstairs, the second-floor living area opens to a patio and connects via spiral staircase to an expansive rooftop deck, where panoramic Downtown views provide an unforgettable backdrop for sunset drinks, entertaining, or evenings beneath the stars.

An attached one-car garage, private driveway, rainwater collection system, and Google Fiber add everyday convenience to this exceptional urban retreat.

With its thoughtful design, remarkable outdoor spaces, rooftop entertaining area, and prime 78704 location, this home captures the energy and character that make South Austin so special.

Upcoming open houses

–6:00 pm · Confirm the schedule with the listing team.

THE NEIGHBORHOOD

Explore the location.

1606 Grayford Dr #1, Austin, TX 78704

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

LOCAL MARKET CONTEXT

Travis County housing market

See the broader conditions surrounding this property through ERA Brokers Consolidated research.

12-month price trend$505,893Down 1.5% vs. the previous 12 months
Months of supply5.612-month average
Days on market8412-month weighted average

These figures describe the broader reporting area and do not determine this property’s value, condition, availability, or likely sale price.

THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
2020
Full baths
3
Half baths
0
Garage spaces
1
Cooling
Central Air
Heating
Central
Appliances
Dishwasher, Disposal, Exhaust Fan, Gas Cooktop, Gas Range, Microwave, Oven, RNGHD, Stainless Steel Appliance(s), Water Heater
Flooring
Concrete, Tile, Wood
Fencing
Back Yard, Fenced, Front Yard, Gate, Wood
Accessibility
None
Pool features
None
Subdivision
Low Theodore Heights
Parcel
04060915020000
Elementary school
Joslin
Middle school
Covington
High school
Crockett

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$3,541.67
Cap rate

Annual operating income:

HOA: No HOA cost is included because the listing source does not report one. Confirm whether HOA dues apply before relying on this estimate.

Have ERA review this rental estimate

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

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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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Listing information

MLS #ACT6015992 · Austin Board of Realtors

Listing brokerage: Compass RE Texas, LLC
Listing agent: Kelly Ilse

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