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$725,000
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An original 78751 bungalow with a garage apartment built in 2021 is already rare. Finding one that actually feels right, lives well, and sits minutes from Mueller and downtown Austin is even rarer. Walkable to North Loop, this home puts you minutes from some of Austin’s most loved spots, from Home Slice, Jewboy Burgers, Rose Gose, and Kome; to local bars, vintage stores, and everyday favorites that make this area so easy to live in. The main house keeps its character intact with several updates that bring a more modern edge. The living room is anchored by wood flooring, crown molding, and a ceiling fan, with large windows that bring in steady natural light throughout the day. It’s comfortable and genuinely inviting. The dining area and kitchen sit together, making everyday living easy. Tile countertops, a stainless gas range, and generous cabinet storage give the kitchen personality and practicality. Both bedrooms are well sized with great light and flexible layouts that allow for personalization over time. The renovated bathroom is a standout update, finished with a soaking tub, a walk in shower, and a vanity that feels intentional and well chosen. The backyard is layered and thoughtfully laid out, with native landscaping, beautiful foliage, and paths that guide you through the space. A fire pit area sits in the center the yard, creating a natural gathering spot. At the back of the property, the garage apartment adds real versatility. Built in 2021, it includes a spacious living area, a well designed kitchen, and a bedroom area with a walk-in closet and a beautiful bathroom. It’s ideal for rental income, long term guests, or multigenerational living while still preserving privacy for the main home. For someone looking to live close to the center of Austin, or for a buyer who wants flexibility and long term upside in a location that consistently performs, this property checks boxes that rarely show up together. It’s cool, it’s smart, and it feels like Austin should.
Property Type
Residential
Year Built
1950
Lot Size
0.15 acres
$/Sq Ft
$478
Garage
2 spaces
Listed by Compass RE Texas, LLC
Verified property facts
5205 Martin Ave is listed at $725,000 with 3 bedrooms, 2 full bathrooms, 1,516 square feet, 0.15-acre lot. This places it above the 78751 median of $720,000.
5205 Martin Ave is zoned for Austin ISD with assigned schools: Ridgetop (8/10) (elementary), Lamar (Austin ISD) (middle), McCallum (8/10) (high). School assignments should be verified directly with the district.
5205 Martin Ave is a Residential built in 1950 featuring 3 bedrooms, 2 full bathrooms, 1,516 square feet, 0.15-acre lot.
5205 Martin 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.
The most recent annual property tax for 5205 Martin Ave is $10,428. 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.
#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
Waterfront
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 |
|---|---|---|---|---|
2025-30.7% | — | $526,165 | — | $56,886 |
2024+20.5% | — | $758,930 | $450,000 | $181,216 |
2023+51.0% | — | $629,705 | $450,000 | $357,372 |
2022 | — | $416,900 | $450,000 | $179,705 |

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% ($145K)
$725,000
Luxury property intelligence
A sourced read on Highlands pricing, timing, and property scale. No automated valuation claim.
List price
$725,000
Price per sqft
$478/sqft
Vs. Highlands median
Not available
Days on market
Not available
Original to current
No verified reduction
$725K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 5, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
With 20% down ($145,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 5205 Martin Ave is around $4,631 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $725,000, 5205 Martin Ave is in the Highlands market where there are currently 44 active listings in 78751. The Keenan Group has completed 8 transactions in 78751 as part of 1,000+ career sales totaling $1B+ across Austin.
5205 Martin Ave was built in 1950 (76 years ago). Buyers should budget for potential updates to major systems.
5205 Martin 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.
7 events on record
Current Price
$725,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-30.7% | — | $526,165 | — | $56,886 |
2024+20.5% | — | $758,930 | $450,000 | $181,216 |
2023+51.0% | — | $629,705 | $450,000 | $357,372 |
2022 | — | $416,900 | $450,000 | $179,705 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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