Active Listing  ·  13 days on market

1006 Baylor St #202

Austin, TX 78703
$2,990,000
3 Bed 4 Bath 3,281 sqft $911/sqft Built 2025 2-Car Garage Pool New Construction Castle East Sub

Residence 202 at The Colorfield is a 3,293 square foot luxury condominium in Austin's Clarksville neighborhood, designed by Alterstudio Architecture with a sophisticated darker interior palette and direct access from a private elevator lobby.

The single level residence offers three bedrooms, three and one half baths, and a flexible den that can function as a private office, media room, library, or additional guest space. A covered terrace extends the living area outdoors, while the open kitchen, living, and dining spaces create a natural setting for both everyday living and entertaining.

The primary suite features a substantial walk-in closet and spa inspired bath with a freestanding soaking tub. Rich walnut inspired and black millwork, darker tile and stone selections, white countertops, brass accents, and white oak flooring give Residence 202 a distinctive architectural character that feels sophisticated, warm, and contemporary.

The kitchen is appointed with a complete Gaggenau appliance suite, including built-in refrigerator and freezer, gas cooktop, wall oven, coffee system, dishwasher, and dual wine columns. A generous laundry room provides built-in cabinetry and extensive countertop space. Two reserved garage parking spaces are included.

The Colorfield is a boutique collection of only ten luxury residences in Clarksville, in the heart of Old West Austin. The building offers a secure parking garage, staffed concierge and front desk, and two elevators, with Downtown Austin, the Texas Capitol, Lady Bird Lake, dining, shopping, and neighborhood destinations just minutes away.

Residence 202 is complete and move-in ready.

At $911/sqft, this home is priced 132% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1006 Baylor St #202, Austin, TX 78703

Property Details

Price $2,990,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths 1
Living Area 3,281 sqft
Lot Size ,
Year Built 2025
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Castle East Sub
County Travis
Zip Code 78703
$/sqft $911/sqft
Days on Market ,
HOA $2,250/Monthly
Annual Tax Est. $32,521
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT246284256
List Date September 9, 2026
Elementary School Mathews
Middle School O Henry
High School Austin
School District ,

Luke Allen (TREC #788149) has deep knowledge of Austin and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

Schedule a Call →

Similar Homes on the Market in Austin

Comparable Listings Right Now

Homes currently for sale in Austin with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
210 Lavaca St #2505
The W Austin Residences
$2,995,000 $1,043 3 bd / 4 ba 2,871 sqft , 2026-04-13
1803 Palma Plz
Enfield H
$2,995,000 $1,045 4 bd / 4 ba 2,866 sqft , 2026-06-01
1315 W 9th St #B
1315 W 9th St Condos
$2,999,000 $999 3 bd / 3 ba 3,003 sqft , 2026-08-27
501 West Ave #3403
5th and West Building
$2,800,000 $992 3 bd / 4 ba 2,822 sqft , 2026-02-11
1102 Charlotte St
Silitt Add
$3,199,000 $1,035 4 bd / 4 ba 3,090 sqft , 2026-09-01

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$14,352/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$598,000
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$14,352
Principal + Interest−$16,318
Property Tax (~2.1% TX avg)−$5,233
Insurance (~0.5%)−$1,246
Est. Monthly Cash Flow $-8,445

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Austin, TX

Austin sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on September 20, 2026.

📞 (254) 718-2567 [email protected] More about Luke →