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805 Congress Ave
About This Property
A truly irreplaceable feature is the building's grandfathered three-phase electrical service - a rare infrastructure advantage that can no longer be replicated downtown - adding extraordinary flexibility for luxury residential living, large-scale entertaining, hospitality, or creative commercial use.
The second floor features an expansive entertainment hall with a commercial-grade kitchen, stage, restrooms, and versatile event spaces for private parties or corporate functions. Amenities include a walk-in wine cellar, multiple convection ovens, a dedicated ice maker, and an exterior built-in bar with sink and stainless steel shelving.
The third floor is the heart of the residence, offering two luxurious bedrooms, a home theater, chef's kitchen, and open-concept living and dining spaces for elevated everyday living and effortless entertaining. Historic details pair beautifully with modern conveniences, including a dedicated ice maker.
Occupying the entire top level, the owner's suite delivers an unmatched retreat with a spacious bedroom, sitting room, Hollywood-style bath, private gym, and front and rear outdoor living spaces. The front balcony features a fireplace, kitchenette, and sweeping views of Congress Avenue and the Texas State Capitol. A third ice maker services this level for ultimate convenience.
Just two blocks from the Capitol, this property places you at the center of Austin's premier dining, nightlife, culture, and entertainment. Rare historic significance, luxury amenities, and unmatched infrastructure make this one of downtown Austin's most exceptional offerings.
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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%.
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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 |
|---|---|---|---|
| Aug 26, 2026 | Price Decreased |
$18,999,000
↓ $901K
(4.5%) | |
| Price Decreased | |||
| May 15, 2026 | Listed by Watters International Realty | $19,900,000 | |
| Listed by Watters International Realty | |||
| Nov 13, 2024 | No longer available | - | |
| No longer available | |||
| Feb 20, 2024 | Listed by Watters International Realty | $18,000,000 | |
| Listed by Watters International Realty | |||
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This historic gem located at 805 Congress Avenue is not just a home, it's an architectural masterpiece steeped in rich history and endless possibilities. Prepare to be captivated by this four-story building that seamlessly blends old-world charm with modern luxury. With a sprawling 10,050 sqft of living and entertainment space spread across the top three floors, the opportunities are truly limitless. As you step inside, you'll find yourself transported to a world of endless entertainment possibilities. The second floor is an entertainer's dream, boasting an expansive entertainment hall complete with a commercial kitchen, stage, bathrooms, and additional rooms perfect for hosting unforgettable gatherings or even launching your own creative venture. As you ascend to the third floor, prepare to be greeted by a living space that exudes unparalleled comfort and style. This is the heart of the home, featuring two lavish bedrooms, a state-of-the-art home theater, a gourmet kitchen fit for a culinary enthusiast, and a spacious dining and living area designed for luxurious relaxation. This floor effortlessly combines modern amenities with the charm of yesteryear. But the crown jewel awaits you on the top floor a captivating owner's suite that offers a true sanctuary away from the world. This private retreat encompasses a generously sized bedroom, a sophisticated living room, a Hollywood bath that exudes opulence, a gym to keep you in peak shape, and not one, but two outside areas both front and rear. Step out onto the large front balcony, complete with a cozy fireplace and a fully equipped kitchenette, and soak in the breathtaking views of Congress Avenue and the iconic Capitol building. Location, they say, is everything and this home certainly has that in abundance. Situated just two blocks away from the majestic Texas State Capitol, you'll find yourself at the heart of the city's vibrant energy, surrounded by the very best that Austin has to offer.
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| Feb 25, 2023 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017