What Can $1 Million Buy You in Austin, Texas?

Demand has far outpaced new construction in the state capital, but there are still attractive options in the million dollar range.

2018 was a good year for the Austin housing market, just as each of the past eight years have been. The Central Texas city’s median home value is hovering just under $350,000, up 7.2 percent over the past year according to Zillow, which predicts it will rise another 2.6 percent within the next year.

Austin’s rising home values, which are due in large part to the city’s growing job market, have created a distinct cultural shift in the city famous for its tight-knit community of hippies, slackers and general weirdos. Like San Francisco, Seattle and Denver before it, Austin has become a haven for tech jobs, inviting a new community of young entrepreneurs into the city.

But Austin has so far managed to maintain its unique flavor, with a still-thriving arts scene and a distinctly left-leaning political sensibility that puts it in stark contrast to the rest of its state. For deep-pocketed investors looking for something a little bit different in Texas, Austin still has a lot to offer.

Here’s what $1 million can get you in Austin:

Listed at just a hair under $1 million, the five-bed, four-bath mansion at 10206 Vista View Circle is one of the most beautiful homes in Austin. The half-acre property features an entry courtyard and pond, a private polished marble swimming pool and tiled spa, and five uncovered patios and courtyards. The home itself is recently renovated and marked by sprawling open spaces, such as the two-story grand main living room and dining areas. The master suite includes a spa-like bathroom and an extra large walk-in closet, and the kitchen includes a wet bar and propane stove for entertaining.

A few miles south, this 1960’s mid century remodel offers three beds and two baths in a single story. The recently renovated kitchen features sleek marble countertops and a giant range stove. The kitchen opens into a wide, high ceilinged living area with a wood fireplace. Outside, a newly installed pool sits in directly behind the eat-in kitchen’s bay windows.

This three-bed, two-bath home in East Cesar Chavez is one of just 38 homes in Austin designated as a Historic Place by the U.S. National Park Service. The restored home includes all of its original interior and exterior woodwork, windows and door assemblies, and it has been updated with modern luxury amenities, including stainless steel kitchen applies and dual vanities in the master bedroom.

For a distinctly more modern feel, check out this three-bed, two-bath new-construction home in Travis Heights. The raised single-family home sits atop a garage in a 7,056-square-foot lot just a few blocks away from Big Stacy Neighborhood Park. Tall windows and an open floor plan ensure lots of natural light, and a deck that stretches along the side of the house provides a view of the downtown skyline.

Those options are just a small glimpse into the million dollar range of Austin’s housing market, which is still relatively large in 2018—but as demand continues to increase, expect that window to shrink in 2019.