Luxury Properties Hit A Shifting Austin Market: What $2 Million Buys In The Texas Capital

No city in the United States showcased the real estate craze during the COVID-19 pandemic quite like Austin. The central Texas city saw a 5% increase in population and the fervent demand drove prices to record highs, up 55% higher than in 2019. Today, the market is leveling as buyers grow more patient in their Austin home search.

The city, however, remains a hotspot for luxury real estate, with exceptional properties regularly entering the market. Here’s a glance at what around $2 million can buy in Austin.

Historic French Tudor in Old Enfield ($2.2 million)

Built in 1927, the design of this historic Old Enfield home follows French Tudor influences for a uniquely charming residence not often found in Austin. Gabled roofs, window hoods and dormer and bay windows define this distinguished character. Leading through the lush, tree-laden yard are pathways that mirror the four-bedroom home’s stone facade. Inside, original hardwood floors and robust moldings recall the era of the property’s construction.

Living spaces are made timeless thanks to elements throughout like arched entryways, built-in shelving and wallpaper and lime-washed walls. Highlights on the main floor include a formal dining room, library and enclosed porch. Light pools into the primary suite with windows lining three walls, vaulted ceilings and skylights. Three additional bedrooms, a full bath and laundry chute complete the floor.

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The listing is held by Anna Lee of Moreland Properties.

Turnkey in Allandale ($2.25 million)

Manicured landscaping by Jeff Neal Design fronts this modern 3,200-square-foot residence in Central Austin between Bull Creek and Shoal Creek. The result is a polished appearance that can be found equally on the home’s exterior and bright interior. Walls of windows bathe open living spaces in natural light. At one end of the main level, the high-end kitchen features Thermador appliances, a sprawling center island and wall laden with tile.

Glass doors lead to the backyard, where a covered patio, outdoor kitchen and swimming pool reside. The outdoor living spaces are also accessible from the first-floor primary suite, with a walk-in shower, dual vanities and a custom closet by CA Closets. Other highlights of the four-bedroom property include remote control window treatments, custom steel planters and a built-in Murphy bed.

The listing is held by Suellen Young of Moreland Properties.

New Construction in Barton Hills ($2.49 million)

Completed in 2023, this 3,700-square-foot home offers all the bells and whistles associated with new construction, including smart home, audio/video and security systems as well as an interior and exterior sound system. An airy interior is achieved by the expansive open-concept layout, complemented by high ceilings and a steady supply of transom windows throughout.

A chef’s kitchen complete with quartz countertops, JennAir appliances and custom cabinetry blends into the dining area. Rising two stories, the residence totals four bedrooms and three-and-a-half baths, including a primary suite with walk-in closet and soaking tub. Outdoor living and privacy can be found on the rooftop deck with views of the Texas sunset.

The listing is held by Stewart Shank and Becky Odé of Moreland Properties.

Spacious Estate in Tarrytown ($2.85 million)

Although 70 years old, this five-bedroom estate feels entirely modern due to meticulous renovations. Sitting on a fully gated perimeter, .28-acre lot in the heart of Tarrytown, the 1953 single-level home blends traditional touches like built-in bookshelves, wainscotting and crown molding with a contemporary style. Black casement windows and doors run throughout, including the oversized glass doors that front the home.

A variety of stylish chandeliers and light fixtures hang from the ceiling across seamless living spaces. Centering the open floor plan is a gourmet kitchen with ample storage, a farm sink and sleek countertops. In the backyard next to the swimming pool with water features and a verdant lawn is a casita, capable of accommodating guests or serving as a home office.

The listing is held by Hedy Donnelly of Moreland Properties.


Anna Morrison Lee, a fourth generation Austin resident, has always embraced her family’s core belief in service. You will immediately realize, she brings this dedication to every transaction.

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