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705 W Monroe ST
About This Property
Designed with both everyday living and entertaining in mind, the residence features three spacious bedrooms in the main home, while a beautifully appointed attached casita serves as the fourth bedroom with its own private entrance and full bath. Ideal for guests, multigenerational living, a private office, or creative studio, the casita provides remarkable flexibility without sacrificing privacy.
Outdoor living is equally impressive. A professionally designed patio features a covered pergola, built-in outdoor kitchen, and premium grill, all surrounded by lush landscaping that creates a peaceful, resort-like setting rarely found this close to downtown. Mature trees and strategic landscape design provide exceptional privacy, transforming the property into a true urban retreat.
The luxurious primary suite is highlighted by an extraordinary private balcony-the largest of its kind-designed as an extension of the living space. Complete with irrigation and engineered to accommodate a future spa or plunge pool, this elevated sanctuary overlooks the surrounding tree canopy and offers a tranquil escape above the city.
Adding even more value, the existing carport has been designed for easy conversion into a fully enclosed garage with minimal modifications. Combining custom craftsmanship, flexible living spaces, and one of Austin's most sought-after locations, this is a rare opportunity to own a truly distinctive home in the heart of Bouldin Creek.
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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 |
|---|---|---|---|
| Jul 16, 2026 | In contract | - | |
| In contract | |||
| Jul 4, 2026 | Listed by Christies Intl Real Estate Lone Star | $2,600,000 | |
| Listed by Christies Intl Real Estate Lone Star | |||
| Jun 6, 2025 | In contract | - | |
| In contract | |||
| May 22, 2025 | Listed by Kuper Sotheby's Int'l Realty | $2,625,000 | |
| Listed by Kuper Sotheby's Int'l Realty | |||
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Nestled within the prestigious Bouldin Creek enclave just steps from downtown Austin's vibrant core, this exceptional modern residence harmoniously balances contemporary design with warm livability. The thoughtfully conceived 4-bedroom, 4.5-bathroom home offers an unparalleled blend of urban convenience and secluded tranquility. The architectural vision embraces clean lines and expansive windows that invite natural light throughout the interior spaces, while textured stone elements and warm neutral tones create an atmosphere of sophisticated comfort. Step outside to discover a beautiful patio retreat complete with a professional-grade outdoor kitchen and grill station sheltered beneath a stylish pergola. This exceptional outdoor living area is enveloped by lush, professionally designed landscaping that transforms the space into a private urban oasis perfect for year-round enjoyment. The crown jewel of this extraordinary residence is the primary suite featuring the most expansive private balcony—an outdoor sanctuary fully equipped with irrigation systems and structurally engineered to support the addition of a spa or plunge pool. This private retreat overlooks the verdant canopy that envelops the property, creating a serene escape despite the home's central location. Privacy is paramount, with thoughtfully positioned mature trees and strategic landscaping creating a secluded oasis within the city. The detached guest quarters/casita houses the fourth bedroom and full bath, providing an ideal space for visitors, a home office, or creative studio. Additionally, the current carport offers the valuable opportunity for enclosure, creating a secure garage with minimal modifications—all within an exceptionally private, resort-like setting just moments from Austin's renowned dining, entertainment, and cultural landmarks.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017