Austin Luxury Home Sales Report May

As Austin’s real estate market has exploded in recent years, the city’s toniest neighborhoods have kept their edge at the top of the market. 

The top signed contracts last week centered on the Barton Creek and Tarrytown neighborhoods, according to the Eklund Gomes Austin Luxury Report, which tracks signed contracts that last asked above $2 million.

The report found 15 new signed contracts. While sale prices are not public record in Texas, the deals last asked a combined $43.7 million, an average of $643 per square foot. The homes spent an average of 58 days on the market.

At the top of the list was 4609 Mirador Drive, which last asked $6.7 million, or $788 per square foot. The five bedroom home spans 8,500 square feet on two acres of land in Barton Creek. Dara Allen of @properties Christie’s International Real Estate had the listing. When the home was listed in April, the owner asked just under $7 million. It last sold in 2018, asking $4.6 million. 

The second-highest asking price for signed contracts came at 1409 The High Road, a newly built home overlooking the Wild Basin Wilderness Preserve in West Lake Hills. The home last asked almost $5 million. 

With five bedrooms, five bathrooms and two half bathrooms, it spans 6,950 square feet and sits on just over half an acre. It also includes 1,400 square feet of outdoor living space. Todd Burgener of Douglas Elliman had the listing. 

Rounding out the top three is an outlier: 1600 Rio Grande Street is a historic mansion near the Capitol Building in downtown Austin. It is one of several large, picturesque homes that has served more recently as an office space. 

The property, also known as the Ruggles-Smith House, last asked just under $3 million. It hit the market in November, offering a Victorian-style mansion with a wraparound porch and a walk-out balcony on the second floor. 

Built in 1896, the house spans 3,370 square feet on a quarter of an acre. The listing mentions the property’s current commercial use but adds that it could switch back to a residence or a bed and breakfast. Jeff and Tish Darey of JBGoodwin had the listing.