Active Listing  ·  7 days on market

10303 Gail Rd #1

Austin, TX 78748
$500,000
3 Bed 3 Bath 1,595 sqft $313/sqft Built 2026 1-Car Garage Pool New Construction Ford Oaks Annex Resub

Contemporary architecture, refined finishes, and an exceptional South Austin location define The Gail Project. This luxury freestanding residence offers a thoughtfully designed modern layout complemented by luxury vinyl plank flooring, LED lighting throughout, and energy-efficient spray foam insulation. At the heart of the home, the kitchen pairs style with function, featuring stainless steel appliances, a generous center island, pot filler at the range, and a dramatic backsplash extending to the ceiling. A custom-designed nook beneath the staircase adds built-in shelving and a desk, creating an elegant and efficient space for working from home or everyday organization. Upstairs, the primary suite opens to a private balcony terrace, offering a seamless extension of the living space. The conveniently located laundry closet keeps daily routines close at hand, while contemporary baths are finished with LED-lit mirrors and layered lighting for a polished, sophisticated ambiance. Outdoors, a private yard enclosed by wrought iron fencing provides space to relax, entertain, or enjoy Austin’s year-round outdoor lifestyle, while an attached one-car garage adds everyday convenience. Ideally positioned near the vibrant Manchaca and Slaughter corridors, The Gail Project places you moments from an evolving collection of South Austin dining, entertainment, retail, coffee shops, and neighborhood favorites. Surrounded by the energy and continued growth of South Austin, this distinctive residence offers a sophisticated interpretation of modern Austin living—where thoughtful design, private outdoor space, and an increasingly sought-after location come together beautifully.

At $313/sqft, this home is 20% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

10303 Gail Rd #1, Austin, TX 78748

Property Details

Price $500,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,595 sqft
Lot Size ,
Year Built 2026
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Ford Oaks Annex Resub
County Travis
Zip Code 78748
$/sqft $313/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT248510736
List Date October 1, 2026
Elementary School Kocurek
Middle School Bailey
High School Akins
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.

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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
9906 Willers Way
Tanglewood Forest Sec 02 Ph A
$499,900 $276 3 bd / 2 ba 1,813 sqft , 2026-06-30
10712 Finsbury Dr
Bauerle Ranch
$515,000 $247 3 bd / 3 ba 2,086 sqft , 2026-06-10
10706 Creek View Dr
Slaughter Creek Acres
$524,000 $417 2 bd / 2 ba 1,257 sqft , 2026-04-09
9911 Woodshire Dr
Tanglewood Forest Sec 02 Ph A
$524,899 $297 4 bd / 2 ba 1,766 sqft , 2026-06-19
2909 Fleet Dr
Bauerle Ranch
$469,000 $241 3 bd / 3 ba 1,945 sqft , 2026-08-31

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
$2,400/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
$100,000
20% conventional investment loan

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

Estimated Gross Rent+$2,400
Principal + Interest−$2,729
Property Tax (~2.1% TX avg)−$875
Insurance (~0.5%)−$208
Est. Monthly Cash Flow $-1,412

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 October 6, 2026.

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