Active Listing  ·  10 days on market

10616 MELLOW MEADOW Dr #28C

Austin, TX 78750
$189,900
2 Bed 2 Bath 952 sqft $199/sqft Built 1990 Pool Park West Condo

Welcome home to this beautifully updated 2-bedroom, 2-bath condominium where quality upgrades, modern comfort, and a peaceful setting come together. Relax on the covered front porch overlooking mature trees, abundant wildlife, and beautifully landscaped planters.

Inside, the remodeled kitchen shines with quartz countertops, new lower cabinetry, updated flooring, designer tile backsplash, upgraded sink and fixtures, and a reconfigured layout that creates a larger, more functional workspace. Samsung appliances include an induction range, dishwasher, refrigerator, microwave, washer, and dryer.

Major investments extend beyond the cosmetic updates with replaced upper and lower HVAC systems, all new ductwork, supply grilles, plenum, electrostatic air filtration with UV air purification, updated electrical panel, energy-efficient windows, custom window treatments, smart thermostat, Essency Smart Water Heater, updated bathrooms, low-flow toilets, new garbage disposal, and fresh interior paint completed in July 2026.

Residents enjoy an updated fitness center and an outstanding Northwest Austin location near highly rated schools, shopping, dining, major employers, and leading medical facilities.

Thoughtfully upgraded from the inside out, this move-in ready home offers peace of mind knowing the major improvements have already been completed.

At $199/sqft, this home is 49% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

10616 MELLOW MEADOW Dr #28C, Austin, TX 78750

Property Details

Price $189,900
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 952 sqft
Lot Size ,
Year Built 1990
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Park West Condo
County Williamson
Zip Code 78750
$/sqft $199/sqft
Days on Market ,
HOA $290/Monthly
Annual Tax Est. $4,140.06
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT227737592
List Date August 4, 2026
Elementary School Anderson Mill
Middle School Noel Grisham
High School McNeil
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
10616 Mellow Meadows Dr #30-D
Meadows Of Anderson Mill
$179,000 $188 2 bd / 2 ba 952 sqft , 2026-08-09
10616 Mellow Mdws #27A
Park West Condo
$165,000 $173 2 bd / 2 ba 952 sqft , 2026-03-21
10616 Mellow Meadows Dr #3A
Park West Condo
$149,000 $157 2 bd / 2 ba 952 sqft , 2026-03-04
10616 Mellow Meadows Dr #43C
Meadows Of Anderson Mill Phase 2
$140,000 $176 2 bd / 1 ba 796 sqft , 2026-06-10
1026 Verbena Dr
Villas Anderson Mill Condos Unit 1054a Bl
$250,000 $219 2 bd / 3 ba 1,140 sqft , 2026-06-19

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
$912/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
$37,980
20% conventional investment loan

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

Estimated Gross Rent+$912
Principal + Interest−$1,036
Property Tax (~2.1% TX avg)−$332
Insurance (~0.5%)−$79
Est. Monthly Cash Flow $-535

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 August 13, 2026.

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