#1 Austin Board of Realtors Team 2024#1 Austin Board of Realtors Team 2024This property has sold on May 2, 2024. Looking for something similar? Contact us or browse available homes.
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On a spacious .4798-acre corner lot at 1516 Forest Trail in Tarrytown, this property features a stone wall, complemented by mature landscaping and inviting shade trees that enhance its curb appeal. The main house has been updated and remodeled while preserving its original features, including hardwood floors, high ceilings, built-ins, pocket doors and generously proportioned rooms. Recent improvements ensure a seamless blend of timeless elegance and modern convenience. Within the main house there are three bedrooms and three baths, with the primary suite featuring two full baths and two walk-in closets. The bathrooms have modern, timeless finishes. Additional spaces include a dining room, den, study, office and a utility room. The kitchen, designed for multiple cooks, offers ample storage, food prep and serving areas. An island features a gas cook top, butcher block counter and a breakfast bar for casual dining. Stainless appliances and stone counters complete the kitchen. A recent addition to the property, completed in 2021, is the guest house. The guest house features an open living & dining area, one bedroom, one bath and a spacious kitchen with stainless appliances and granite counters. The bathroom has a walk-in shower and a vanity with granite countertop. The bedroom, with a walk-in closet, connects to a covered patio, providing access to the lawn and gardens. Recent improvements include, replacement and new roof shingles, gutters, exterior paint, security system, interior and exterior electrical service panels, tankless water heater, insulation and HVAC systems.The property also includes and oversized 2 car carport with a substantial storage area/workshop. Located just minutes from downtown Austin, ladyBird Lake, walking and bike paths, restaurants, shopping and entertainment. Austin ISD Schools - Casis Elementary, O'Henry Middle and Austin High.
Property Type
Residential
Year Built
1941
Lot Size
0.48 acres
$/Sq Ft
$832
Listed by Moreland Properties
Verified property facts
1516 Forest TRL is listed at $3,500,000 with 4 bedrooms, 4 full bathrooms, 4,207 square feet, 0.48-acre lot. This places it above the ZIP 78703 single-family closed-sale median price of $1,633,950 (ZIP 78703 geography · single-family closed sales · median sale price · trailing 12 months as of Aug 30, 2026).
1516 Forest TRL is zoned for Austin ISD with assigned schools: Casis (10/10) (elementary), O Henry (middle), Austin (7/10) (high). School assignments should be verified directly with the district.
1516 Forest TRL is a Residential built in 1941 featuring 4 bedrooms, 4 full bathrooms, 4,207 square feet, 0.48-acre lot.
1516 Forest TRL is listed by Moreland Properties. Keenan Group at Compass presents this IDX listing and provides the accompanying market analysis using MLS Grid / Unlock MLS data reviewed as of Jun 4, 2026.
#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
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
2 records on file
Every recorded listing, sale, and lease at 1516 Forest TRL, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Listing timeline with current price, original ask, and market time.
Public record data from county appraisal records. Market value can differ from assessed value.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025+8.6% | — | $3,044,095 | — | — |
2024+7.0% | — | $2,803,258 | $1,625,000 | $917,631 |
2023+107.6% | — | $2,620,343 | $2,000,000 | $803,258 |
2022 | — | $1,262,500 | $2,000,000 | $620,343 |
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% ($700K)
Adjustable assumption - not a lending recommendation.
$3,500,000
Luxury property intelligence
A sourced read on Tarrytown pricing, timing, and property scale. No automated valuation claim.
List price
$3,500,000
Price per sqft
$832/sqft
Vs. Neighborhood guide reference price
+79.5%
$2M · Tarrytown neighborhood guide · reference price
Days on market
Not available
Original to current
No verified reduction
$3.5M original
Active inventory context
30 listings
Price Position in Tarrytown
Listed 79% above the Tarrytown neighborhood guide reference price. Tarrytown neighborhood guide · reference price.
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 4, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
1516 Forest TRL is priced at $832 per square foot across 4,207 sqft. The Tarrytown neighborhood guide reference price is $1,950,000 (Tarrytown neighborhood guide · reference price).
The most recent annual property tax for 1516 Forest TRL is $35,244. 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.
This page does not assume a mortgage rate or publish a monthly payment for 1516 Forest TRL. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
As of Jun 4, 2026, 1516 Forest TRL is offered at $3,500,000. The current MLS snapshot shows 45 active listings in 78703. Keenan Group has completed 24 verified transactions in 78703 within its 1,000+ completed transactions and $1B+ career volume across Austin. See Keenan Group's Tarrytown guide for current neighborhood analysis.
1516 Forest TRL was built in 1941 (85 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.
Tarrytown is one of Austin's established neighborhoods, zoned for Austin ISD in the 78703 area. The Keenan Group has specialized in Tarrytown 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)
Somewhat Walkable
Some Transit
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.
9 events on record
Current Price
$3,500,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025+8.6% | — | $3,044,095 | — | — |
2024+7.0% | — | $2,803,258 | $1,625,000 | $917,631 |
2023+107.6% | — | $2,620,343 | $2,000,000 | $803,258 |
2022 | — | $1,262,500 | $2,000,000 | $620,343 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
Neighborhood guide and local insights
Tarrytown is a historic Central Austin neighborhood in 78703, five minutes from downtown and bordered by Lake Austin to the west. Median home price $1.95M. Austin ISD schools - Casis Elementary, O. Henry Middle, Austin High - and walkability to Deep Eddy Pool, Lady Bird Lake, and Mayfield Park. The housing stock spans nine decades. Original 1930s-60s colonials, Tudors, and ranch homes sit alongside new construction and gut renovations on lots ranging from 0.15 to 0.3 acres. Lakefront properties on Scenic Drive and streets near Lake Austin command $4M-$15M+. The neighborhood's character has been protected by an engaged neighborhood association and the McMansion Ordinance, which limits building scale. Daily life here runs on the water and the schools. Morning laps at Deep Eddy Pool (68-degree spring-fed water year-round), school drop-off at Casis, coffee at Tarrytown Pharmacy or Summer Moon, dinner at Jeffrey's or Josephine House without leaving the neighborhood. The Contemporary at Laguna Gloria and Lions Municipal Golf Course are a walk or short bike ride away. What makes Tarrytown distinct from other luxury Austin neighborhoods: genuine walkability, a 90-year-old neighborhood identity, and Central Austin access that Westlake and Barton Creek cannot match. The tradeoff is Austin ISD instead of Eanes, and smaller lots than you'd find west of MoPac.
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