505-1 South Park DR, Austin TX 78704

Austin, TX 78704 | South Park | Built by Newcastle Homes

Ed's Opinion of Value

$1,037,434 Ed's Estimate: $1,275,673 $2,550,000
Lowest Comp Recommended List: $1,866,000 to $2,137,000 Highest Comp
5 recent sales within half a mile of this address suggest a current value of $1,275,673. My recommended list price range for this property would be $1,866,000 to $2,137,000. In the current SOUTH PARK market with 7 similar homes available, this price represents the most affordable of 7 comparable homes on the market. The larger floor plan (180 sqft compared to the average comp) is a meaningful differentiator in this price range. The pool is a standout feature, with 2 of 5 comparable homes not offering one. Current inventory shows 7 comparable homes in SOUTH PARK; a buyer's market based on recent absorption. In 78704, home values have fallen approximately 1.1% over the past 6 months. One of the strongest data points is 3014 Fontana DR, Austin TX 78704, adjusting to $1,430,002; with a smaller floor plan. Based on 5 relevant data points in SOUTH PARK, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX
4 Beds
4 Baths 3 Full, 1 Half
2,713 Sq Ft
0.12 Acres
2022 Built
2 Garage

About This Property

505-1 South Park, a perfect urban home, complete with the thoughtful design, luxury finishes, certified green performance and quality craftsmanship you've come to expect from Newcastle Homes. Designed for the way you live!

On the first floor, the spacious living room is flooded with natural light. The kitchen features upgraded quartz countertops, plenty of storage and professional grade appliances. The dining room is adjacent to a built-in bar/buffet, complete with a wine fridge. The entertaining and living space flows seamlessly to the covered outdoor living area and pool through an expansive 3-part Western sliding door.

The primary suite encompasses a large bedroom that is intuitively accessible from both the main living area and the garage via the mud room/laundry. It boasts a colossal bathroom, featuring a double vanity, walk-in curbless shower, freestanding tub and a massive walk-in closet. The primary suite also connects to the back patio and pool deck directly thought its own 2-part Western sliding door.

The second floor is centered on a flex space that can function as an office, second living area, studio and more. Three generous bedrooms sit off the flex space, two sharing a deluxe alcove bath and the other featuring an en-suite bathroom with a walk-in shower.

Nestled in the established Galindo neighborhood in Austin's most-coveted zip code, 78704, 505-1 South Park is not too close to the South 1st but still walkable to the dining and entertainment districts there, while also moments from South Congress and South Lamar. It’s perfectly situated to take advantage of all that South Austin has to offer with quick access to downtown, greater Austin and even the airport via multiple corridors.

Designed for the way you live. You will find no other single family home with the level of style and value in such a prime location as 505-1 South Park!

Property Highlights

Pool Gunite, In Ground, Tile

Features

  • Bar
  • Built-in Features
  • Cathedral Ceiling(s)
  • High Ceilings
  • Quartz Counters
  • Electric Dryer Hookup
  • Gas Dryer Hookup
  • High Speed Internet
  • Interior Steps
  • Kitchen Island
  • Open Floorplan
  • Pantry
  • Primary Bedroom on Main
  • Recessed Lighting
  • Smart Home
  • Smart Thermostat
  • Storage
  • Walk-In Closet(s)
  • Washer Hookup
  • Wired for Data
  • Wired for Sound

Location

Schools

School District Austin ISD
Elementary Dawson
Middle School Fulmore
High School Travis

Property Details

Property Type Residential
Flooring Tile, Wood
Cooling Central Air, ENERGY STAR Qualified Equipment
Heating Central, ENERGY STAR Qualified Equipment, Natural Gas
Exterior Gutters Full, Permeable Paving, Private Yard
County Travis
MLS # 4669900

Parking

Garage 2 spaces

HOA & Community

HOA Includes See Remarks

Tax Information

Annual Taxes $7,183 (2021)

Listing History

MLS# 4669900 - Updated Apr 6, 2026 8 days
May 20, 2022 Off Market
Apr 14, 2022 Listed $1,998,700

Frequently Asked Questions About 505-1 South Park DR, Austin TX 78704

When was 505-1 South Park DR, Austin TX 78704 built?

505-1 South Park DR, Austin TX 78704 was built in 2022.

How much does 505-1 South Park DR, Austin TX 78704 cost?

505-1 South Park DR, Austin TX 78704 sold on May 20, 2022. Contact us for sale price details.

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