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Mariposa Terrace, Austin TX Real Estate

Mariposa Terrace is a small, established residential neighborhood tucked into South Austin's Travis Heights corridor, one of the most sought-after pockets in the city. The area sits close enough to South Congress Avenue and Barton Springs Pool to enjoy everything that makes South Austin feel distinctly like Austin, while retaining the kind of quiet, tree-covered character that makes it feel removed from the urban bustle. Properties here tend toward the intimate and well-kept, with a mix of older cottage-style homes and updated units reflecting the area's long history as a stable South Austin address. Austin ISD serves the neighborhood, with Travis Heights Elementary, Lively Middle School, and Travis High School all part of the attendance zone. Neighborhoods | Schools | Market Overview | Getting Around | FAQs

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Recent Sales in This Area

1 bed, 1 bath, residential lease at 1907 Fairlawn LN # 3, Austin TX 78704, Austin TX Off Market
Sold Feb 2026
1 bd 1 ba 568 sqft
1907 Fairlawn LN # 3, Austin TX 78704 Austin, TX 78704
4 bed, 4 bath, residential lease at 1913 Fairlawn LN, Austin TX 78704, Austin TX Off Market
Sold Oct 2025
4 bd 4 ba 2,735 sqft
1913 Fairlawn LN, Austin TX 78704 Austin, TX 78704
Residential income at 1908 Fairlawn LN, Austin TX 78704, Austin TX Off Market
Sold Oct 2025
0 bd 0 ba 1,629 sqft
1908 Fairlawn LN, Austin TX 78704 Austin, TX 78704
2 bed, 1 bath, residential lease at 1906 FAIRLAWN LN # A, Austin TX 78704, Austin TX Off Market
Sold Aug 2025
2 bd 1 ba 1,662 sqft
1906 FAIRLAWN LN # A, Austin TX 78704 Austin, TX 78704
2 bed, 1 bath, residential lease at 1903 Fairlawn LN # A, Austin TX 78704, Austin TX Off Market
Sold Aug 2025
2 bd 1 ba 824 sqft
1903 Fairlawn LN # A, Austin TX 78704 Austin, TX 78704

About Mariposa Terrace, Austin TX Real Estate

Mariposa Terrace: A Snapshot of South Austin Living

Mariposa Terrace occupies a compact footprint in South Austin, and that intimacy is part of its appeal. This is not a sprawling master-planned development with miles of identical streetscape. It is a genuine neighborhood with a sense of place, the kind that South Austin has long cultivated. The streets are lined with mature trees, properties sit on modest lots, and the surrounding blocks carry the same understated warmth you find across the broader Travis Heights area.

Because the neighborhood is small, it tends to have limited turnover. When something comes available here, whether a lease or a sale, it draws serious interest from buyers and renters who know South Austin well. The Mariposa Terrace subdivision itself is the primary address in the neighborhood, and its proximity to some of Austin's most beloved amenities keeps it consistently relevant in the market.

South Austin as a whole has developed a distinct identity over the decades. Residents tend to prioritize walkability, local dining, and outdoor access over square footage, and Mariposa Terrace fits squarely within that ethos. Nearby South Congress Avenue anchors the area with an eclectic mix of restaurants, vintage shops, music venues, and locally owned businesses that draw people from across Austin and beyond. Barton Springs Pool and Zilker Park are within a short drive, offering the kind of outdoor lifestyle that defines central Austin living.

Schools Serving Mariposa Terrace

Mariposa Terrace falls within Austin Independent School District, one of the largest and most established urban school districts in Texas. AISD serves a broad range of students across the city, with a number of specialized programs, magnet pathways, and dual-language options available at various campuses.

Travis Heights Elementary School serves the youngest students in the neighborhood. The school has long been rooted in the South Austin community and carries a strong sense of neighborhood identity that resonates with many families who choose this part of the city specifically for its local character.

Lively Middle School serves the neighborhood at the secondary level. As AISD has worked to strengthen its middle school programming across the district, Lively has been part of that broader effort to provide more options and enrichment for students in the South Austin area.

Travis Early College High School, commonly known as Travis High, rounds out the public school pathway for Mariposa Terrace residents. Travis offers dual enrollment opportunities, allowing students to earn college credit while completing their high school requirements, which is a meaningful advantage for college-bound students.

Families who want to explore additional options will find that central Austin's school landscape includes various AISD magnet programs and a number of private and charter school alternatives within a reasonable drive from South Austin.

Real Estate Market Overview

Mariposa Terrace reflects the broader dynamics of South Austin real estate, where demand tends to outpace supply in a market driven by location rather than lot size. Properties in this area carry a premium relative to the outer suburbs precisely because they sit within the urban core, close to employment centers, dining, and green space. Buyers and renters looking in this pocket are typically prioritizing access and lifestyle over maximizing square footage.

The neighborhood skews toward smaller footprints, consistent with what you find across much of central Austin's residential stock. Older bungalow conversions, compact single-family homes, and updated rental units make up much of the inventory when listings do appear. The market here moves with the broader South Austin trend, and properties that are well-maintained and properly priced tend to generate quick attention.

If you are exploring Austin area homes for sale and Mariposa Terrace appeals to you, it is worth casting a wider net across Travis Heights and adjacent South Austin neighborhoods, since listings in this specific pocket can be limited at any given time. Working with an agent who knows South Austin well makes a meaningful difference in identifying the right opportunity before it moves.

Getting Around Mariposa Terrace

One of the most practical advantages of a Mariposa Terrace address is how central it sits within Austin. Downtown Austin is just a few miles to the north, and on a good day the drive via South Congress or South First Street takes well under fifteen minutes. For those who prefer to avoid driving, the proximity to downtown and to major transit corridors gives Mariposa Terrace residents more viable options than most suburban addresses can offer.

Interstate 35 is accessible to the east and provides connections north toward Round Rock and south toward San Marcos and beyond. MoPac Expressway (Loop 1) is accessible to the west and serves commuters heading to the Domain, the Northwest Hills corridor, or further north. The South Lamar corridor is also close by, providing a direct route through the heart of South Austin.

Austin-Bergstrom International Airport sits roughly twelve miles to the southeast, a manageable drive even during peak traffic hours. For residents who travel frequently, the combination of airport access and central Austin positioning is a genuine draw.

Daily errands are easily handled without leaving the immediate area. South Congress, South First Street, and the surrounding blocks offer grocery options, coffee shops, hardware stores, and a full range of services. The walkability of the surrounding neighborhood makes Mariposa Terrace feel more urban than its modest residential streets might initially suggest.

Work With Neuhaus Realty Group in South Austin

Neuhaus Realty Group has deep roots in the Austin market and understands what makes South Austin neighborhoods like Mariposa Terrace hold their appeal year after year. If you are considering buying, selling, or leasing in this area, our team can help you move quickly and confidently in a market where timing matters. Reach out to connect with an agent who knows South Austin well.

Frequently Asked Questions

What school district serves Mariposa Terrace?
Mariposa Terrace is served by Austin Independent School District. The assigned schools are Travis Heights Elementary, Lively Middle School, and Travis Early College High School. AISD also offers a range of magnet and specialized programs across the district for families who want to explore additional academic options.
How far is Mariposa Terrace from downtown Austin?
Mariposa Terrace sits in South Austin and is roughly two to four miles from downtown, depending on the exact route. The commute via South Congress Avenue or South First Street typically takes under fifteen minutes outside of peak traffic. It is one of the closer-in South Austin addresses you can find.
What is the real estate market like in Mariposa Terrace?
Mariposa Terrace is a small, established neighborhood in South Austin with limited inventory at any given time. Properties here tend to be compact but well-located, and demand is driven by the neighborhood's proximity to downtown, South Congress, and Barton Springs. When listings appear, they tend to attract quick interest from buyers who know South Austin well.
What types of homes are available in Mariposa Terrace?
The neighborhood features a mix of smaller single-family homes, bungalow-style cottages, and updated residential units that reflect the character of South Austin's historic urban core. Properties tend toward modest square footage, consistent with the broader pattern of central Austin's residential stock where location drives value more than size.
What is Mariposa Terrace close to?
The neighborhood is within easy reach of South Congress Avenue, which offers a dense mix of restaurants, shops, and entertainment venues. Barton Springs Pool and Zilker Park are a short drive away. Downtown Austin is just a few miles north, and Austin-Bergstrom International Airport is roughly twelve miles to the southeast.
What are the property taxes like in Mariposa Terrace?
Mariposa Terrace is located in Travis County, where effective property tax rates typically fall in the range of 1.8 to 2.2 percent of appraised value. The City of Austin, AISD, and Travis County each contribute to the overall rate. A local real estate agent or tax professional can provide a more precise estimate based on a specific property's assessed value.
Are there HOA fees in Mariposa Terrace?
Mariposa Terrace is a small residential neighborhood rather than a master-planned community, and HOA fees are not a standard feature of properties in this area. Individual properties or specific developments may have their own associations, so it is always worth confirming with the listing agent when reviewing any particular home.
What neighborhoods are similar to Mariposa Terrace in South Austin?
Buyers drawn to Mariposa Terrace often consider the broader Travis Heights area, as well as surrounding South Austin pockets along South Congress and South First Street. The South Lamar corridor and Bouldin Creek neighborhoods offer a similar central Austin character with walkable access to dining and green space. Your agent can help identify current availability across all of these adjacent areas.
Ed Neuhaus, Austin Realtor

Ed Neuhaus

Broker / Owner, Neuhaus Realty Group · TREC #593057

Licensed Texas Realtor since 2007 serving Austin and the Hill Country. Investor, STR operator, and straight-talking advisor for buyers, sellers, and investors. 16 five-star reviews.

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Listing data provided by ACTRIS MLS. Information deemed reliable but not guaranteed. © 2026 Austin Central Texas Realty Information Service.

Ed Neuhaus

Austin Real Estate Broker, Investor, and Pilot. Helping Texans buy, sell, and invest in real estate since 2007.

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