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$2,950,000

Beds
5
Baths
4.0
sq ft
3,580

1705 Newning Ave, Austin, TX 78704

1705 Newning Ave

Austin, TX 78704

  • 31 days on market
Welcome to 1705 Newning Avenue, an unparalleled investment opportunity nestled in the heart of Austin's highly coveted Travis Heights neighborhood. Just four blocks from the vibrant South Congress Avenue, this award winning property features four bespoke vacation rentals on a lush, .25-acre lot adorned with stunning heritage oak trees. Recently featured on Modern Architecture + Design Society home tour and selected by internationally known AFAR media as one of the top vacation properties in the world. Renowned as one of Austin's highest-ranked and most-searched Airbnb destinations, this property generated nearly $300,000 in revenue across all listings in 2024. With over 3,400 + glowing 5-star reviews, it’s a proven, fully furnished, and turn-key income generator. Previous years' income reports are available upon request. The property encompasses over 3,500 square feet across all units, each meticulously designed with high-end finishes, curated art, vintage and antique details throughout, and contemporary furnishing. Guests are welcomed into a serene oasis with access to a heated salt water pool surrounded by lush greenery, creating an unforgettable Austin experience. Sustainability meets luxury with fully owned solar panels, enhancing both environmental efficiency and cost savings. The property’s proximity to South Congress's iconic restaurants, boutiques, and entertainment makes it an unbeatable destination for visitors year-round. Whether you're an investor seeking a premier vacation rental portfolio or a homeowner dreaming of a luxurious boutique hotel compound. 1705 Newning Avenue offers an exceptional opportunity to own a piece of Austin's thriving hospitality market.

Details

Property type

Single Family Residence

Est. home value

$3,784,370

Lot size

0.2541 acres

Price per sq ft

$825

Year built

2009

Annual property taxes

$41,144.62

HOA

No

Price History

02/05/2025
Austin

Austin #9071585

Price change
$2,950,000
+7.27%
01/30/2025
Austin

Austin #9071585

Listed
$2,750,000

Schools & Community

Neighborhood: 

South River City

Elementary school: 

Travis Hts

Middle school: 

Lively

High school: 

Travis

Community features: 

Park, Tennis Court(s)

High school district: 

Austin ISD

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Wells Fargo Bank Na

Loan start date

January 2015

Original loan amount

$40,000

Est. remaining balance

Not provided

Interest rate

3.99%

Loan type

Future Advance Clause / Open End Mortgage, 30 year

Seller

William J Mcmann

Lender

Wells Fargo Bank Na

Loan start date

January 2015

Original loan amount

$733,000

Est. remaining balance

$575,715

Interest rate

3.99%

Loan type

New Conventional, 30 year

Seller

William J Mcmann

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 03/03/2025 at 1:50 PM

Listing updated: 02/06/2025 at 8:53 AM

Listed by: Soud Twal, Kuper Sotheby's Int'l Realty Phone #: (512) 831-6577

MLS: Austin #9071585

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