$1,250,000
●
House -
Off Market
1504 Bluebonnet LN
Austin, TX 78704
3 Beds
1 Bath,
1
Half Bath
1,310 Ft²
$6,138
Est. Monthly
About This Property
This thoughtfully restored 1940s bungalow sits on a spacious corner
lot in the heart of the Zilker Park neighborhood.
Set behind an idyllic white picket fence, the home features a beautifully landscaped and fully enclosed front and backyard that join together via a side gate for maximum property enjoyment. The front porch offers a charming spot to unwind and take in the Zilker lifestyle, whether enjoying morning coffee, watching your dogs play, or passing out candy on Halloween.
The cottage is a three bedroom home with designer details throughout, including banquette dining seating, wood paneling, and gorgeous light fixtures. The freshly restored kitchen boasts all new cabinetry, countertops and appliances. The home also features two beautifully remodeled bathrooms (1.5 total), along with a spacious laundry room that offers the potential to be converted into a second full bath.
Major 2025 upgrades include a new roof and gutters, new HVAC, new insulation, and updated electrical.
Set behind an idyllic white picket fence, the home features a beautifully landscaped and fully enclosed front and backyard that join together via a side gate for maximum property enjoyment. The front porch offers a charming spot to unwind and take in the Zilker lifestyle, whether enjoying morning coffee, watching your dogs play, or passing out candy on Halloween.
The cottage is a three bedroom home with designer details throughout, including banquette dining seating, wood paneling, and gorgeous light fixtures. The freshly restored kitchen boasts all new cabinetry, countertops and appliances. The home also features two beautifully remodeled bathrooms (1.5 total), along with a spacious laundry room that offers the potential to be converted into a second full bath.
Major 2025 upgrades include a new roof and gutters, new HVAC, new insulation, and updated electrical.
Unit Size
1,310 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$954
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1940
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100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 months ago (Unlock MLS #ACT6766657)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 9, 2026 | Withdrawn | - | |
| Withdrawn | |||
| May 13, 2026 | Listed by Compass RE Texas, LLC | $1,250,000 | |
| Listed by Compass RE Texas, LLC | |||
| Dec 12, 2024 | In contract | - | |
| In contract | |||
| Nov 21, 2024 | Price Decreased |
$850,000
↓ $50K
(5.6%) | |
| Price Decreased | |||
| Oct 4, 2024 | Relisted | $900,000 | |
| Relisted | |||
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Property Highlights
Parking Available
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
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HOA + Taxes
About South Lamar
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Listed by: Erin Scialabba
Listed Office: Compass RE Texas, LLC - Listing courtesy of Unlock MLS
Phone: (512) 575-3644
Last Updated: 2026-06-09 04:06:05
Data Source: Unlock MLS, MLS# ACT6766657
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: Compass RE Texas, LLC - Listing courtesy of Unlock MLS
Phone: (512) 575-3644
Last Updated: 2026-06-09 04:06:05
Data Source: Unlock MLS, MLS# ACT6766657
Based on information from Unlock MLS (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.
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