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605 Deep Eddy Ave
About This Property
Neighborhood favorites including Pool Burger, Deep Eddy Cabaret, Maudie's Tex-Mex, Hula Hut, and Mozart's Coffee are all nearby, while downtown Austin and Lake Austin are just minutes away.
Since 2021, the owners have completed extensive improvements, including HardiPlank siding replacement, landscaping, backyard sod, and an expanded outdoor living area designed for year-round enjoyment. Hammered ¾-inch hardwood flooring flows throughout the home, complemented by updated baseboards and abundant natural light.
The open-concept living, dining, and kitchen areas create an inviting space for everyday living and entertaining. The kitchen features granite countertops, a breakfast bar, Thermador 5-burner gas cooktop, Thermador dishwasher, and a refrigerator that may convey.
The spacious primary suite overlooks the inviting outdoor living space. Its ensuite bath features dual vanities, granite countertops, a garden tub, two customized closets, and a wet-room style shower with dual shower heads.
The detached 1-car garage offers a bonus, air-conditioned flex room currently used as a fitness studio. Ideal as a home office, art studio, exercise room, music room, or climate-controlled storage, this versatile space adds exceptional flexibility.
Served by Casis Elementary, O. Henry Middle School, and Austin High School, 605 Deep Eddy Avenue offers a rare opportunity to enjoy one of Austin's most sought-after and enduring neighborhoods.
*BOM due to change in buyer's financial situation.*
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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 |
|---|---|---|---|
| Sep 12, 2026 | Price Decreased |
$1,125,000
↓ $50K
(4.3%) | |
| Price Decreased | |||
| Sep 1, 2026 | Relisted | $1,175,000 | |
| Relisted | |||
| Aug 31, 2026 | In contract | - | |
| In contract | |||
| Jul 26, 2026 | Price Decreased |
$1,175,000
↓ $75K
(6%) | |
| Price Decreased | |||
| Jun 10, 2026 | Listed by Horizon Realty | $1,250,000 | |
| Listed by Horizon Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017