1400 Drake Ave, Austin TX 78704

Austin, TX 78704 | Fairview Park

Ed's Opinion of Value

$1,102,632 Ed's Estimate: $1,826,410 $3,193,813
Lowest Comp Recommended List: $1,790,000 to $1,863,000 Highest Comp

Listing History

$2,350,000 List Price
$1,804,594 Comp Value
1 Price Reductions

This property was listed at $2,350,000 and expired after 153 days on market. The price was reduced from $2,450,000 to $2,350,000. This listing activity factors into the valuation.

Reviewing the most recent comparable transactions, this home's market value falls around $1,826,410. For a well positioned listing in FAIRVIEW PARK, I'd target the $1,790,000 to $1,863,000 range. With 5 comparable homes on the market in FAIRVIEW PARK, this price positions the property as the 2nd most expensive of 5 comparable homes on the market. At 796 sqft larger than the typical comp, the size difference factors into the valuation. The pool is a differentiator here, since 6 of 6 comparable sales didn't include one. 6 comparable transactions in FAIRVIEW PARK support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group
4 Beds
4 Baths 3 Full, 1 Half
2,456 Sq Ft
0.1328 Acres
2022 Built
1 Garage

About This Property

Set in downtown Austin just a block from South Congress Street, The Drake is a perfectly balanced mix of contemporary and classic. This magazine-worthy abode is an absolute dream in both high-end finish-out and location. Gorgeously positioned on a corner lot in the beloved Travis Heights neighborhood, The Drake is steps (via greenbelt or scenic street) to the best restaurants, shops, and boutique hotels that Austin has to offer. Imagine strolling out the front door and stopping at the Hotel Magdalena for a drink on your way to Aba for dinner. The amazingly walkable location is fun for old Austin favorites from Home Slice Pizza to Jo’s Coffee or brunch at the Four Seasons. Perfectly situated down the street from SoHo House, this quiet street is also within walking distance to Equinox and Kollective gyms. Completed by the powerhouse building team at Moore-Tate, you can rest assured that no high-end detail was overlooked. The enlivening interior by So Spiffy Design is a masterpiece of the imagination that fits seamlessly, and all it takes is one look at colorful wallpaper, beautiful hardware selections, and best Jenn Air appliances to understand the level of thought and detail that was put into this stunning home. Built in Spring 2022 and meticulously kept as a second residence, The Drake is set up for indoor and outdoor entertaining, including a cocktail plunge pool for a lazy day of lounging or for a lively evening BBQ. Besides the enclosed, beautifully landscaped pool area, there are two separate and spacious yards, complete with dreamy white-picket fencing in front and a more private lush backyard with upscale fencing and gorgeous metal raised herb beds. And don’t miss that rare garage space and driveway for downtown parking. Plenty of street parking for overflow provides more opportunities for entertaining and family gatherings. Guests and friends will be hard-pressed to leave!

Property Highlights

Pool Gunite, In Ground, Outdoor Pool, Private

Features

  • Breakfast Bar
  • High Ceilings
  • Vaulted Ceiling(s)
  • Chandelier
  • Quartz Counters
  • Double Vanity
  • Electric Dryer Hookup
  • Eat-in Kitchen
  • Entrance Foyer
  • Interior Steps
  • Open Floorplan
  • Walk-In Closet(s)
  • Washer Hookup

Location

Schools

School District Austin ISD
Elementary Travis
Middle School Lively
High School Travis

Property Details

Property Type Residential
Flooring Carpet, Tile, Wood
Cooling Central Air, Electric
Heating Central
Exterior Private Yard
County Travis
MLS # 5554059
Garage 1 spaces

Listing History

MLS# 5554059 153 days (410 CDOM)
Dec 21, 2023 Off Market
Sep 27, 2023 Price Change $2,350,000
Jul 21, 2023 Listed $2,450,000

Frequently Asked Questions About 1400 Drake Ave, Austin TX 78704

When was 1400 Drake Ave, Austin TX 78704 built?

1400 Drake Ave, Austin TX 78704 was built in 2022.

How much does 1400 Drake Ave, Austin TX 78704 cost?

1400 Drake Ave, Austin TX 78704 is currently off market.

Similar Properties

Browse More Properties

Request Tour

Contact Agent

Interested in this property?

Get more information or schedule a tour

By submitting this form, you consent to receive communications from Neuhaus Realty Group via phone, email, or text regarding your property inquiry. You may opt out at any time. Your information will not be shared. See our Privacy Policy.