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505 E 40th ST
Austin, TX, 78751
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$1,650,000
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Originally constructed in 1915, this central Austin property has been graciously expanded over the decades to include a large primary house plus detached guest casita. The main house boasts 4 bedrooms, 3.5 baths, a formal living room with built-in bookcases, an open kitchen and dining, and 2nd-story den with treetop views. Thoughtful floorplan ideal for modern living. Original Longleaf Pine floors combine with gorgeous Texas-made Saltillo floor tile. 10-foot ceilings throughout the downstairs of the main house. Original double-hung windows in the front of the house indicative of homes of this era mix with quality, modern, wood-clad double pane windows in the newer sections of the home. Custom-made period-style wood copper screens for main house. Relax on the generously sized sun porch made for lazy summer afternoons (sun porch is insulated, but not included in sq. footage). Recent roof shingle replacement on the main house and interior paint throughout including ceilings, trim, and walls (May 2021). The incredible detached 2016-built 1 bed/1.5 bath ADU features high ceilings, stained concrete & wood flooring, and slate gray GE appliances in the open kitchen. 2-car carport with alley access. Gorgeous .22 acre property with pecan and cumquat trees, mountain laurel, and a heritage Texas Live oak. One block to Hancock Golf Course. Three blocks to neighborhood eateries, shopping, and parks. Minutes from Dell Medical School, State Capitol, downtown, & UT. Truly an oasis in the heart of the city.
Property Type
Residential
Year Built
1915
Lot Size
0.22 acres
$/Sq Ft
$497
Listed by Compass RE Texas, LLC
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Verified property facts
505 E 40th ST is listed at $1,650,000 with 5 bedrooms, 4 full, 2 half bathrooms, 3,323 square feet, 0.22-acre lot. This places it above the ZIP 78751 single-family closed-sale median price of $710,000 (ZIP 78751 geography · single-family closed sales · median sale price · trailing 12 months as of Sep 5, 2026).
505 E 40th ST is zoned for Austin ISD with assigned schools: Lee (10/10) (elementary), Kealing (10/10) (middle), McCallum (8/10) (high). School assignments should be verified directly with the district.
505 E 40th ST is a Residential built in 1915 featuring 5 bedrooms, 4 full, 2 half bathrooms, 3,323 square feet, 0.22-acre lot.
505 E 40th ST is listed by Compass RE Texas, LLC. Keenan Group at Compass presents this IDX listing and provides the accompanying market analysis using MLS Grid / Unlock MLS data reviewed as of Jun 3, 2026.
The most recent annual property tax for 505 E 40th ST is $12,981. 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.
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1 record on file
Every recorded listing, sale, and lease at 505 E 40th ST, 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 |
|---|---|---|---|---|
2025-22.5% | — | $960,563 | $39,854 | $56,204 |
2024-12.1% | — | $1,239,370 | $385,000 | $899,264 |
2023+72.4% | — | $1,409,220 | $350,000 | $889,370 |
2022+16.2% | — | $817,188 | $385,000 | $1,024,220 |
2021 | — | $703,200 | $357,500 | $459,688 |
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% ($330K)
Adjustable assumption - not a lending recommendation.
$1,650,000
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A sourced read on Oaklawn Addition pricing, timing, and property scale. No automated valuation claim.
List price
$1,650,000
Price per sqft
$497/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
Not available
Original to current
No verified reduction
$1.7M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 3, 2026.
Request Private Market AnalysisZIP-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
This page does not assume a mortgage rate or publish a monthly payment for 505 E 40th ST. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
As of Jun 3, 2026, 505 E 40th ST is offered at $1,650,000. The current MLS snapshot shows 46 active listings in 78751. Keenan Group has completed 8 verified transactions in 78751 within its 1,000+ completed transactions and $1B+ career volume across Austin.
505 E 40th ST was built in 1915 (111 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.
7 events on record
Current Price
$1,650,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-22.5% | — | $960,563 | $39,854 | $56,204 |
2024-12.1% | — | $1,239,370 | $385,000 | $899,264 |
2023+72.4% | — | $1,409,220 | $350,000 | $889,370 |
2022+16.2% | — | $817,188 | $385,000 | $1,024,220 |
2021 | — | $703,200 | $357,500 | $459,688 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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