About This Home

2 story condo with soaring ceilings, huge windows, awesome natural light and convenient upstairs utility room. All bedroom upstairs. Hardwood floors on main level, silestone counter tops and 42" kitchen cabinets. Close to Southpark Meadows shopping and restaurants. Ceiling fans in all bedrooms. HOA mows and maintains front and back yard and sprinkler system. HOA pays water bill for sprinkler system!

At $225/sqft, this home is 42% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1015 Boatswain Way #184, Austin, TX 78748

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Property Details

Price $369,000

Status Active Listing

Beds 3

Full Baths 2

Half Baths 1

Living Area 1,637 sqft

Lot Size 0.13 acres (5,575.68 sqft)

Year Built 2017

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Searight Vlg Condos

County Travis

Zip Code 78748

$/sqft $225/sqft

Days on Market ,

HOA $160/Annually

Annual Tax Est. $7,362.29

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT238850935

List Date July 14, 2026

Elementary School Williams

Middle School Paredes

High School Akins

School District ,

Have Questions About This Property?

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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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

40 N Interstate 35 None #3B3
Towers Town Lake Condo Amd $369,000 $286 2 bd / 2 ba 1,288 sqft , 2026-03-03

11204 Silo Valley Dr
Pioneer Crossing East Sec 05 $369,000 $220 3 bd / 2 ba 1,675 sqft , 2026-02-12

801 N Bluff Dr #50
North Bluff $369,000 $269 2 bd / 3 ba 1,370 sqft , 2026-03-03

12107 Scissortail Dr
Woodland Village Anderson Mill Sec 01 Blk $369,000 $266 4 bd / 2 ba 1,385 sqft , 2026-06-17

13604 Caldwell Dr #15
Cottages At Lake Creek Condo $369,000 $290 3 bd / 2 ba 1,274 sqft , 2026-06-18

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

$1,771/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

$73,800

20% conventional investment loan

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

Estimated Gross Rent+$1,771

Principal + Interest−$2,014

Property Tax (~2.1% TX avg)−$646

Insurance (~0.5%)−$154

Est. Monthly Cash Flow $-1,043

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

1015 Boatswain Way #184

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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