111 Mildred St Unit #3, Austin, TX 78702

October 4, 2026 update: Construction is complete, and 111 Mildred St #3 is ready to tour!

Move-in-ready new construction on a corner in Holly, offering three bedrooms plus a dedicated skylit office and a private upper-level terrace. With 1,853 square feet and 3.5 bathrooms, the home provides space for work, guests and everyday living.

Floor-to-ceiling triple-pane windows bring natural light into the open kitchen, dining and living areas. The kitchen features Bosch appliances and a dedicated pantry with an appliance counter. Interior details include wood flooring, built-in media cabinetry and curbless showers.

The home also features high-efficiency, three-zone variable-speed climate control and is 240V EV-ready.

Enjoy a private terrace with Trex decking, warm wood accents and a water hookup for easy cleaning and watering plants. The patio has gas and water hookups for a future outdoor kitchen.

Located in East Austin’s Holly neighborhood, close to restaurants, coffee shops, parks and trails, with convenient access to Downtown. No monthly HOA dues and no short-term rental restrictions.

Listing agent is a licensed Texas real estate agent and has an ownership interest in the property.

New construction in Austin's 78702 carries its own value proposition, and 111 Mildred St Unit #3 enters the market with a sharp one at $1.02M, or $553 per square foot, for a 2026-built single family residence in East Austin. On day one of market exposure, the positioning is clear: 1,853 square feet, 3 bedrooms, 3 full baths, 1 half bath, a 1-car garage, and a corner-lot setting on 0.04 acres in East Austin. For buyers who track school path alongside location, this home feeds to Austin ISD, with Sanchez Elementary, Martin Middle, and Eastside Early College High.

What separates this property from standard new-build inventory is the way the plan and systems were specified. The layout is open through the living, dining, and kitchen areas, which makes the square footage work efficiently rather than forcing space into underused rooms. Floor-to-ceiling triple-pane windows bring in natural light while also addressing two issues buyers notice quickly in urban construction, insulation and sound control. Each level has its own thermostat tied to a central high-efficiency HVAC system, so temperature control is more precise floor by floor instead of relying on a single setting for the entire house. That matters in a three-story home and speaks to practical long-term livability rather than surface-level finish selections.

The upper level adds another layer of flexibility. A dedicated office with a skylight creates a true work area instead of an improvised landing or extra bedroom, and the private patio extends usable space beyond the interior footprint. Modern systems and durable finishes were chosen with maintenance and daily function in mind, which is the right approach for a property that may serve as either a primary residence or an investment hold. The lack of HOA fees and the absence of short-term rental restrictions strengthen that optionality in a part of Austin where policy and carrying costs can directly affect returns.

The location story is straightforward and useful. The home sits two blocks from trails, restaurants, and shopping, which gives it real walkability without sacrificing the privacy of a self-contained single family layout. In this price band, buyers are usually weighing finish level, rental flexibility, operating efficiency, and future relevance to the neighborhood. This property addresses each of those points with facts, not filler, and that is what supports its long-term position in East Austin.

East Austin is the only neighborhood in the city where you can walk from a James Beard Award-winning restaurant to a converted warehouse gallery to a live music venue to a craft cocktail bar without ever getting in your car. That walkability, combined with a building boom that has reshaped the housing stock over the past decade, makes East Austin the most dynamic real estate market in Central Texas.

East Austin stretches from I-35 on the west to Highway 183 on the east, with Lady Bird Lake forming the southern boundary and roughly MLK Boulevard marking the northern edge of the 78702 core. The 78722 zip extends the identity further north and east. Downtown is immediately across I-35 - five minutes by car, 15 by bicycle. East Cesar Chavez, East 6th, and East 7th serve as commercial corridors, each with its own personality. East Cesar Chavez leans toward taquerias and family shops, East 6th trends cocktail bars and restaurants, East 7th mixes galleries with newer retail.

Modern townhomes and duplexes make up about 35% of sales activity, concentrated on infill lots. Original shotgun bungalows and Craftsman homes account for 25%, mostly on quieter streets east of Chicon - typically 800 to 1,200 square feet on generous lots with ADU potential. Contemporary custom homes represent 15%, with architects like Bercy Chen and Alterstudio producing some of the most interesting residential design in Texas. Unrenovated bungalows start in the mid-$400s. Renovated historic homes with ADUs land between $700,000 and $1 million. New townhomes cluster around $600,000 to $900,000. Custom builds cross $1.5 million.

East Austin falls within Austin ISD. Zavala Elementary and Blackshear Elementary handle early grades. Martin and Kealing Middle Schools are the primary options, with Kealing's magnet program drawing students districtwide. Eastside Memorial High School serves the area, though many families opt for LASA, private schools, or open-enrollment options. The school landscape is more complex than in neighborhoods with a single feeder pattern, and specific addresses matter.

The lifestyle is what people picture when they think of modern Austin. Morning starts at Cenote or Fleet Coffee. Franklin Barbecue's line forms early, but locals order ahead. The dining concentration is remarkable. Suerte does modern Mexican with in-house nixtamal. Nixta Taqueria won a James Beard Award. Launderette turns a converted laundromat into one of Austin's best brunch spots. Canje brings Caribbean cooking to Holly Street. Kemuri Tatsu-Ya fuses izakaya with smokehouse. Via 313 has been making Detroit-style pizza since before the current boom. The Butler Trail, Boggy Creek Greenbelt, Roy Guerrero Park, and Mueller Lake Park provide outdoor options.

East Austin offers urban density and walkability unmatched outside downtown, at prices that undercut the west side significantly. Compared to South Congress, it provides more housing variety and better value per square foot. Compared to Mueller, it trades master-planned orderliness for more character. The main concerns are the pace of change and the east-west infrastructure divide, which has narrowed but still shows in some areas.

East Austin is for buyers who want to live in Austin's cultural energy rather than commute to it. It fits people who eat out frequently, bike to work, and value diversity of experience. It works for investors who see ADU potential in the generous lots. If you need a large lot, a quiet cul-de-sac, or a top suburban school, look elsewhere. But if you want to walk out your front door and feel the pulse of what makes Austin different from every other Texas city, there is no better address.