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This property has sold on June 30, 2022. Looking for something similar? Contact us or browse available homes.

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FULLY FURNISHED FLEXIBLE LEASE TERM Unique opportunity to live on an artists compound 2 blocks off of South Congress Avenue. Camp SoCo is comprised of 6 fully remodeled and fully furnished bungalows on over half an acre with 200 year old Live Oak trees. A community pool is underway and will be completed by the end of 2022. 1505A "Mexia" has two bedrooms - one with king bed, one with twin daybed and desk, one bathroom, huge private deck.
Property Type
Residential Lease
Year Built
1939
Lot Size
0.55 acres
$/Sq Ft
$5
Verified property facts
1505 Drake Ave is listed at $4,995 with 2 bedrooms, 1 full bathrooms, 1,000 square feet, 0.55-acre lot.
1505 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.
1505 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.
1505 Drake Ave is a Residential Lease built in 1939 featuring 2 bedrooms, 1 full bathrooms, 1,000 square feet, 0.55-acre lot.
1505 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
Comparable homes that recently closed in this area
Property Details
Previously Represented By
The Keenan Group at Compass
#1 ABoR Team 2024$1B+ Career Sales1,000+ Homes Sold
Original List Price
$2,100,000
Closing Date
April 7, 2017
Days on Market
62

The Keenan Group represented the seller in the April 7, 2017 sale of this property (listed at $2,100,000). The home was on the market for 62 days.
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% ($999)
$4,995
Luxury property intelligence
A sourced read on Travis Heights pricing, timing, and property scale. No automated valuation claim.
List price
$4,995
Price per sqft
$5/sqft
Vs. Travis Heights median
-99.5%
$1M median
Days on market
1,449 days
Original to current
No verified reduction
$5K original
Active inventory context
22 listings
Price Position in Travis Heights
Listed 100% below the Travis Heights median
Source: MLS Grid / Unlock MLS and Keenan Group review as of Apr 25, 2026.
Request Private Market AnalysisLifestyle, schools, market context, and homes in Travis Heights
Active listings and buyer search context in Travis Heights
ZIP-level neighborhoods, schools, lifestyle, and Austin market context
District guide, nearby schools, and homes by attendance area
Private Austin CMA, TCAD context, and pricing strategy
Pricing, prep, launch timing, and Compass marketing strategy
#1 ABOR Team 2024 with $1B+ career sales volume
1505 Drake Ave is priced at $5 per square foot across 1,000 sqft. The Travis Heights median list price is $1,007,000.
With 20% down ($999) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 1505 Drake Ave is around $35 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $4,995, 1505 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).
1505 Drake Ave was built in 1939 (87 years ago). Buyers should budget for potential updates to major systems.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Travis Heights is one of Austin's established neighborhoods, zoned for Austin ISD in the 78704 area. The Keenan Group has specialized in Travis Heights real estate for 25+ years with 1,000+ career transactions. Contact (512) 415-7653 for current market conditions and available homes.
Source: Keenan Group at Compass Real Estate, #1 Austin Board of Realtors Team (2024)
Very Walkable
Good Transit
Very Bikeable
Walk Score measures walkability based on distance to amenities. Transit Score measures public transportation access. Bike Score measures bikeability based on bike infrastructure and terrain.
Best Match
Balanced against price, location, and layout so nearby lookalikes rise first. Similar properties in Travis Heights
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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