$1,999,500
3 bd · 1 ba · 2,002 sqft
1317 Newning Ave, Austin, TX 78704
1317 Newning Ave, Austin, TX 78704 is a 3-bedroom, 1-bathroom single family residence listed at $1,999,500 ($999/sqft). 2,002 sqft. Built in 1951. Located in Travis Heights, Austin TX. Priced 37% above the Travis Heights median of $729/sqft. MLS #7440361. Listed by Keller Williams Realty.
Property Overview
This exceptional corner lot in Travis Heights presents a rare multi-unit opportunity just steps from South Congress Avenue and downtown Austin's skyline. The property features three separate structures: a classic 1951 Craftsman-style main home alongside a second residence and independent studio, all thoughtfully updated in 2022. The expansive 0.27-acre footprint creates immediate flexibility for multigenerational living, rental income diversification, or substantial redevelopment potential. Located in one of Austin's most walkable historic neighborhoods, 1317 Newning Ave offers direct access to the area's renowned bungalows, Lady Bird Lake trails, and South Congress's thriving commercial corridor.
The distinct architectural character and functional layout of each unit generate strong income potential for investors, while the generous lot size opens possibilities for future luxury development. At $999 per square foot, this property commands a premium reflecting both its location and unique configuration within a neighborhood where new construction often commands significantly higher valuations. Travis Heights' appeal continues to strengthen, drawing buyers who value established charm, walkability, and proximity to downtown without sacrificing the tree-canopied, established-community feel that defines South Austin living.
Vox Real Estate Insight
The Vox Residential team recognizes this as a rare institutional-quality asset in Travis Heights—the multi-unit income stream combined with redevelopment optionality attracts both pragmatic investors and long-term buyers willing to pay above-area pricing for location and upside. The 70-day market time reflects buyer education needed around the property's unique value proposition, but the right investor will see the immediate cash flow and future land value as distinct advantages.
Agent Description
Discover an unparalleled opportunity in the esteemed Travis Heights neighborhood, where exceptional flexibility meets an unbeatable location just moments from South Congress and Downtown Austin. This remarkable 0.27-acre corner lot presents a unique canvas for diverse living arrangements or significant investment potential, featuring three distinct dwelling units thoughtfully updated in 2022. The property encompasses a classic Craftsman-style main home, a charming second residence, and a separate studio unit. Each structure provides immediate functionality and a distinct character, creating an ideal scenario for multi-generational living, lucrative short-term rentals, or consistent long-term income streams. Beyond its current configuration, this expansive lot offers compelling redevelopment prospects, allowing for the construction of a substantial luxury residence exceeding 4,000 square feet in an area renowned for its premium new builds. Residents will relish the unparalleled walkability, enjoying effortless access to South Congress Avenue's vibrant array of dining, cafes, boutiques, and entertainment. Proximity to Stacy Park and Pool ensures leisure and recreation are always within reach, with Lady Bird Lake and major employment centers in Downtown Austin just minutes away. This address represents a rare fusion of location, versatility, and enduring value, catering to investors, multi-generational families, or those aspiring to create a bespoke new home in one of Austin's most coveted zip codes. The property includes a classic Craftsman-style main home (1317 Newning, 3 bed / 1 bath, ~1,137 sqft), a second residence (1315 Newning, 2 bed / 1 bath, ~832 sqft), and a separate studio unit with 1ba, all thoughtfully updated in 2022.
Neighborhood: Travis Heights
This property is located in Travis Heights, Austin, TX. The area is known for South Congress Avenue, Downtown Skyline Views, Historic Bungalows, Walkable Community, Lady Bird Lake.
At $999/sqft, this listing is priced 37% above the Travis Heights median of $729/sqft.
Property Details
| Property Type | Single Family Residence |
| Year Built | 1951 |
| Bedrooms | 3 |
| Bathrooms | 1 |
| Living Area | 2,002 sqft |
| Lot Size | 0.27 acres |
| Price / Sqft | $999 |
| Stories | One |
| Condition | Updated/Remodeled |
| Unit Style | 1st Floor Entry |
| Subdivision | Michaels Fairview Park 02 |
| County | Travis |
| MLS Area | 6 |
| Listed | Apr 10, 2026 |
| MLS # | 7440361 |
| Listed By | Keller Williams Realty |
Interior
| Flooring | Wood |
| Appliances | Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Electric Oven, Plumbed For Ice Maker, RNGHD, Refrigerator, Free-Standing Refrigerator, Self Cleaning Oven, Vented Exhaust Fan, Washer, Water Heater |
| Interior Features | Ceiling Fan(s), Stone Counters, Open Floorplan, Primary Bedroom on Main |
| Windows | Blinds, Drapes |
| Fireplaces | 1 |
| Laundry | Inside, Main Level |
| Main-Level Bedrooms | 3 |
Systems & Utilities
| Cooling | Central Air |
| Heating | Central |
| Utilities | Electricity Connected, Other, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected |
| Water Source | Public |
| Sewer | Public Sewer |
Exterior & Lot
| Construction | Wood Siding |
| Roof | Composition, Metal, Shingle |
| Foundation | Pillar/Post/Pier |
| Exterior Features | Exterior Steps, Private Yard |
| Patio & Porch | Covered, Deck, Patio, Porch, Rear Porch |
| Fencing | Privacy, Wood |
| Lot Features | City Lot, Corner Lot, Public Maintained Road, Trees-Large (Over 40 Ft) |
| Faces | East |
Parking
| Parking Spaces | 3 |
| Parking Features | Gravel |
Community & HOA
| HOA | No |
| Community Features | Picnic Area, Playground, Pool |
Assigned Schools
| Elementary | Travis Hts |
| Middle | Lively |
| High | Travis |
| District | Austin ISD |
Taxes & Legal
| Tax Year | 2025 |
| Annual Tax | $21,929 |
| Assessed Value | $1,071,540 |
| Parcel # | 03010209060000 |
| Legal Description | LOT 1-A MICHAELS FAIRVIEW PARK 2 |
| FEMA Flood Plain | No |
| In ETJ | No |
| Disclosures | Seller Disclosure |
| Listing Conditions | Standard |
Listing data last updated:
Frequently Asked Questions
What is the listing price of 1317 Newning Ave, Austin, TX 78704?
This property is listed at $1,999,500, which is $999 per square foot. That is 37% above the Travis Heights area median of $729/sqft.
How many bedrooms and bathrooms does 1317 Newning Ave, Austin, TX 78704 have?
This home has 3 bedrooms and 1 bathroom, with 2,002 square feet of living space.
When was 1317 Newning Ave, Austin, TX 78704 built?
This property was built in 1951, making it 75 years old.
What neighborhood is 1317 Newning Ave, Austin, TX 78704 in?
This property is in Travis Heights, Austin, TX. The area is known for south congress avenue, downtown skyline views, historic bungalows.
How long has 1317 Newning Ave, Austin, TX 78704 been on the market?
This listing has been on the market for 124 days.
What type of property is 1317 Newning Ave, Austin, TX 78704?
This is a Single Family Residence on a 11,717.64 sqft lot.