2400 Austin
About This Property
Voted Waco's top Airbnb three years running (2023–2025) and featured in Modern Texas Living's Heart of Texas Championship, Tudor on Austin is a fully restored 100-year-old home in coveted Castle Heights. This rare legal short-term rental in an uptown residential area is seldom available.
Designed and renovated in 2022 by Rymer Design-and managed by Rymer Design since-the home blends Tudor character and modern luxury. With a durable metal shingle roof, curated interiors, and strong financials, it comes fully furnished with proven repeat guests and occupancy.
PROPERTY HIGHLIGHTS
Sleeps 10+ with spacious interiors.
Spa, firepit, low-maintenance landscaping, and custom hand-painted mural.
Custom arched front door; restored original doors; salvaged glass knobs.
Exposed brick stove chute showcasing original charm.
Freestanding soaking tub and custom shower in master.
Quaint game and reading nook in living room.
Dry bar for coffee with wine fridge.
Triple custom bunk in back room off a bedroom.
Large picture windows front and back for natural light.
Sliding glass door from primary bedroom to front porch.
Two back bedrooms with doors to backyard.
Locking owners' closet, branded guest book, Airbnb signage, and active social page.
Detached garage with unfinished studio space ready for expansion.
WHY IT STANDS OUT
Castle Heights-steps to the Gaines' Castle and Pinewood Coffee; 5 minutes to Magnolia and Baylor.
High-performing property with repeat guests and strong occupancy.
PERFECT FOR
Investors seeking a turnkey portfolio addition.
Baylor parents and alumni wanting a home base that pays for itself year-round.
Buyers wanting a ready-made STR in a premier neighborhood.
ADDITIONAL NOTES
Tours and financials available with proof of funds or preapproval.
Management services available at a competitive rate for seamless transition.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 19, 2025 | Sold | ||
| Sold | |||
| Oct 9, 2025 | In contract | - | |
| In contract | |||
| Sep 5, 2025 | Listed by BK Real Estate | $520,000 | |
| Listed by BK Real Estate | |||
| Dec 15, 2021 | No longer available | - | |
| No longer available | |||
| Nov 30, 2021 | Listed by Heritage Homes Realty | $299,000 | |
| Listed by Heritage Homes Realty | |||
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Don't miss out on this home built in 1925 on Austin Avenue in the heart of the Castle Heights area of Waco. Featuring four bedrooms plus the option for the fourth bedroom to be a game room or office to work from home, and has Dura-Last metal roof with shingles on top. Zoned O-2: Office-Residence District which offers a great investment option to be a business office, BBHE or STR. Detached garage could potentially be renovated for a rental to accommodate a college student. Excellent location one block from Pinewood Coffee, Harvest on 25th, Sloane's, downtown Magnolia Silos, restaurants, Baylor University and all that downtown has to offer. Endless opportunities! The manager has listed the unit size as 1756 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017