Active Listing  ·  64 days on market

1006 Baylor St #303

Austin, TX 78703
$3,175,000
3 Bed 4 Bath 3,290 sqft $965/sqft Built 2025 2-Car Garage Pool New Construction Castle East Sub

Residence 303 at The Colorfield is a 3,302 square foot third floor residence in Clarksville, designed by Alterstudio Architecture with expansive glass, generous proportions, and a bright, natural interior palette.

The single level floor plan offers three bedrooms, three and one half baths, and a versatile den suited to a private office, media room, library, or additional guest space. A covered terrace extends the living area outdoors, while expansive glazing across the kitchen, dining, and living spaces fills the residence with natural light and creates a seamless connection to the surrounding city.

The primary suite offers a private retreat with an oversized custom walk-in closet and spa inspired bath featuring a freestanding soaking tub and dual vanities. Wide plank white oak flooring, light oak millwork, and white and light toned stone create a sophisticated interior that feels warm, timeless, and distinctly contemporary.

The chef's kitchen is equipped 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 with built-in cabinetry, storage, and extensive countertop space provides additional functionality. Two reserved garage parking spaces are included.

The Colorfield is a boutique collection of just ten luxury condominiums in Clarksville, in the heart of Old West Austin. Residents enjoy a secure parking garage, staffed concierge and front desk, and two elevators, all within minutes of Downtown Austin, the Texas Capitol, Lady Bird Lake, and some of Austin's most desirable dining, shopping, parks, and cultural destinations.

Construction is complete, and Residence 303 is available now.

At $965/sqft, this home is priced 147% above the Austin active market average of $390/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1006 Baylor St #303, Austin, TX 78703

Property Details

Price $3,175,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths 1
Living Area 3,290 sqft
Lot Size ,
Year Built 2025
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Castle East Sub
County Travis
Zip Code 78703
$/sqft $965/sqft
Days on Market ,
HOA $2,276/Monthly
Annual Tax Est. $32,721
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT246284318
List Date September 9, 2026
Elementary School Mathews
Middle School O Henry
High School Austin
School District Austin ISD

Austin ISD

Mathews · O Henry · Austin

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.

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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · September 9, 2026 $3,785,000
Current ask $3,175,000
▼ Reduced $610,000 (-16.1%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
1006 Baylor St #201
Castle East Sub
$3,095,000 $866 3 bd / 4 ba 3,575 sqft , 2026-09-09
1102 Charlotte St
Silitt Add
$2,999,999 $971 4 bd / 4 ba 3,090 sqft , 2026-09-01
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
200 Congress Ave #19AC
Austonian Condo Community
$2,995,000 $1,037 3 bd / 3 ba 2,889 sqft , 2026-10-26

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
$15,240/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
$635,000
20% conventional investment loan

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

Estimated Gross Rent+$15,240
Principal + Interest−$17,327
Property Tax (assumed ~2.1%)−$5,556
Insurance (assumed ~0.5%)−$1,323
Est. Monthly Cash Flow $-8,966

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 · 41 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. The written content was last updated on November 3, 2026.

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

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