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Sold by The Keenan Group
Austin's #1 Real Estate Team - Austin Board of Realtors 2024
This home in Travis Heights was represented by Joe and Cara Keenan and sold on April 7, 2017. Looking for a home in this area?

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Amazing opportunity! Collection of 6 homes on 3.5 lots in the heart of South Congress. Tons of character. Known as Verde Camp, this property has a wonderful reputation around Austin as a comfortable and fun retreat for staycations and out of town visitors. These 1930s homes are classic and fun and have been remodeled for comfort. The walkability/convenience to South Congress is a huge advantage. Bikes and washer/dryers are on site. Please do not disturb residents without an appt.
Property Type
Residential Income
Year Built
1935
Lot Size
0.54 acres
$/Sq Ft
$594
Listed by Realty Austin
Verified property facts
1503 Drake Ave is listed at $1,990,000 with 3,352 square feet, 0.54-acre lot. This places it above the 78704 median of $1,090,000.
1503 Drake Ave is zoned for Austin ISD with assigned schools: Travis Hts (8/10) (elementary), Lively (6/10) (middle), Travis (high). School assignments should be verified directly with the district.
1503 Drake Ave is in Travis Heights, Austin, Texas. See the full [Travis Heights neighborhood guide](/neighborhoods/travis-heights-austin) for market data, schools, and lifestyle details.
1503 Drake Ave is a Residential Income built in 1935 featuring 3,352 square feet, 0.54-acre lot.
1503 Drake Ave is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Property Details
Laundry
Features
Construction
Fencing
Foundation
Patio / Porch
Parking
Pool
Waterfront
Listing timeline with current price, original ask, and market time.
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility. Ratings from GreatSchools.org.
20% ($398K)
$1,990,000
Luxury property intelligence
A sourced read on Travis Heights pricing, timing, and property scale. No automated valuation claim.
List price
$1,990,000
Price per sqft
$594/sqft
Vs. Travis Heights median
+97.6%
$1M median
Days on market
3,442 days
Original to current
$110K reduction
$2.1M original
Active inventory context
22 listings
Price Position in Travis Heights
Listed 98% above the Travis Heights median
Source: MLS Grid / Unlock MLS and Keenan Group review as of Mar 26, 2026.
Request Private Market AnalysisLifestyle, schools, market context, and homes in Travis Heights
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#1 ABOR Team 2024 with $1B+ career sales volume
1,000+ homes sold across Austin
1503 Drake Ave is priced at $594 per square foot across 3,352 sqft. The Travis Heights median list price is $1,007,000.
The most recent annual property tax for 1503 Drake Ave is $34,954. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.
With 20% down ($398,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 1503 Drake Ave is around $13,239 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $1,990,000, 1503 Drake Ave is in the Travis Heights market where there are currently 166 active listings in 78704. The Keenan Group has completed 46 transactions in 78704 as part of 1,000+ career sales totaling $1B+ across Austin. For a detailed market analysis, see our [Travis Heights guide](/neighborhoods/travis-heights-austin).
1503 Drake Ave was built in 1935 (91 years ago). Buyers should budget for potential updates to major systems.
1503 Drake Ave includes verified waterfront access: None. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
1503 Drake Ave in Travis Heights was represented by Joe and Cara Keenan with Keenan Group at Compass Real Estate - Austin's #1 real estate team (Austin Board of Realtors 2024). 1,000+ career transactions, $1B+ in career volume. Contact (512) 415-7653.
Source: Keenan Group at Compass Real Estate, #1 Austin Board of Realtors Team (2024)
Comparable homes that recently closed in this area
Neighborhood guide and local insights
Travis Heights is home to Big Stacy Pool, a free, spring-fed swimming hole that most Austinites have never visited because they are too busy fighting for space at Barton Springs. That hidden quality defines the entire neighborhood. Travis Heights has been here since the 1920s, sitting on the bluffs above Lady Bird Lake, and it has managed to stay more residential and quiet than the buzzing corridors on every side. South Congress is one block west. Rainey Street is a short walk across the bridge. And yet the interior streets still feel like the Austin people romanticize. The neighborhood occupies the high ground east of South Congress and south of Lady Bird Lake, running from the lake to Oltorf Street, with I-35 on the east. The streets climb and wind along bluffs, creating a layered landscape of old trees and homes with views toward downtown. The Congress Avenue Bridge bats are a five-minute walk. Downtown is across the bridge, ten minutes on foot. Perla's and June's All Day anchor South Congress to the west. Elizabeth Street Cafe serves Vietnamese-French pastries. Lenoir offers a farmhouse wine garden. Odd Duck does farm-to-table small plates. Otoko is one of the most exclusive reservations in the city. Emmer and Rye rounds out with inventive tasting menus. Craftsman bungalows from the 1920s and 1930s make up the largest category, with wide porches and original wood siding. Tudor homes add steep gabled rooflines. Contemporary builds appear on teardown lots. Mid-Century homes fill blocks farther from the lake. A bungalow needing work starts around $700,000, while renovated or new construction with lake views can exceed $2.5 million. Lots are modest - a tenth to a quarter acre - but tree coverage and topographic variation make them feel larger. Travis Heights Elementary carries a reputation for strong community involvement and a diverse student body. Students feed into Fulmore Middle School and Travis High School. The schools attract families who actively choose an urban public school experience: diverse populations and neighborhood identity. Parent engagement runs high. Private options are plentiful nearby, including Austin Montessori. Blunn Creek Greenbelt runs through the interior, providing a shaded corridor for walking and nature play. Big Stacy Park has both the spring-fed pool and a neighborhood gathering point. Lady Bird Lake's boardwalk connects the south side to the east side. The Congress Avenue Bridge bats are part of the nightly routine March through October. Weekend mornings might start with coffee on a front porch, a walk to the South Congress farmers market, or a jog along the Butler Trail. Travis Heights sits between South Congress's commercial energy and the quieter feel of Bouldin Creek. South Congress properties near the avenue carry a premium but sacrifice residential calm. Bouldin Creek offers similar vintage stock on flatter terrain with less lake proximity. East Austin has seen rapid appreciation but lacks the established canopy and topographic character. Travis Heights benefits from being close to everything without being consumed by it. Travis Heights is for buyers who want the real, historic Austin experience with a ten-minute walk to downtown and South Congress. It fits families who value Craftsman bungalows and front-porch living, couples who want to walk to world-class restaurants, and anyone who believes the best neighborhoods are the ones that have been quietly getting it right for a hundred years.
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