About This Home

Cozy and quiet 2 bedroom, 2 bathroom with 2 included parking spots that backs to the greenbelt/running track. New windows and HVAC. Excellent location, walking distance to Westwood High School 183, 620, and TR45. Also close to many major employers: Dell, Apple, Emerson, nVidia, Visa, Cisco, Dell Children's Hospital, St. David's, Ascension Seton, Texas Children's Hospital, National Instruments, Tesla, Amazon, and Samsung.

At $173/sqft, this home is 56% 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

10616 Mellow Meadows Dr #18B, Austin, TX 78750

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Property Details

Price $165,000

Status Active Listing

Beds 2

Full Baths 2

Half Baths ,

Living Area 952 sqft

Lot Size 0.01 acres (435.6 sqft)

Year Built 1990

Garage ,

Stories ,

Type Residential · Condominium

Subdivision Park West Condo

County Williamson

Zip Code 78750

$/sqft $173/sqft

Days on Market ,

HOA $290/Monthly

Annual Tax Est. $3,543.84

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT244988397

List Date August 28, 2026

Elementary School Anderson Mill

Middle School Noel Grisham

High School Westwood

School District ,

Have Questions About This Property?

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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

10616 Mellow Mdws #37A
Park West Condo $155,000 $163 2 bd / 2 ba 952 sqft , 2026-09-30

10616 Mellow MEADOWS Mdws #12C
Park West Condo $150,000 $158 2 bd / 2 ba 952 sqft , 2026-08-20

10616 Mellow Meadows Dr #43C
Meadows Of Anderson Mill Phase 2 $140,000 $176 2 bd / 1 ba 796 sqft , 2026-06-10

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

$792/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

$33,000

20% conventional investment loan

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

Estimated Gross Rent+$792

Principal + Interest−$900

Property Tax (~2.1% TX avg)−$289

Insurance (~0.5%)−$69

Est. Monthly Cash Flow $-466

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

About the Author

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 29, 2026.

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

10616 Mellow Meadows Dr #18B

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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