Active Listing  ·  66 days on market

10616 Mellow Meadows Dr #43C

Austin, TX 78750
$140,000
2 Bed 1 Bath 796 sqft $176/sqft Built 1984 Pool Meadows Of Anderson Mill Phase 2

Come see this affordable North Austin condo offering comfort, convenience, and excellent value. This two-bedroom, one-bath home is a great opportunity for buyers looking for an accessible entry point into the Austin market.

Located within highly regarded Round Rock ISD, the property offers easy access to Highway 183, nearby parks, shopping, grocery stores, and a wide variety of restaurants and everyday conveniences. Whether you’re a first-time buyer, investor, or someone looking to simplify, this condo provides a practical layout in a well-connected location.

With its affordable price point, strong area amenities, and desirable North Austin setting, this is a fantastic opportunity you won’t want to miss.

At $176/sqft, this home is 55% 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 Meadows Dr #43C, Austin, TX 78750

Property Details

Price $140,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 796 sqft
Lot Size ,
Year Built 1984
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Meadows Of Anderson Mill Phase 2
County Williamson
Zip Code 78750
$/sqft $176/sqft
Days on Market ,
HOA $200/Monthly
Annual Tax Est. $3,210.31
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT232533337
List Date June 10, 2026
Elementary School Anderson Mill
Middle School Noel Grisham
High School Westwood
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 #3A
Park West Condo
$149,000 $157 2 bd / 2 ba 952 sqft , 2026-03-04
10616 Mellow Mdws #27A
Park West Condo
$165,000 $173 2 bd / 2 ba 952 sqft , 2026-03-21
10616 Mellow Meadows Dr #30-D
Meadows Of Anderson Mill
$179,000 $188 2 bd / 2 ba 952 sqft , 2026-08-09

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
$672/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
$28,000
20% conventional investment loan

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

Estimated Gross Rent+$672
Principal + Interest−$764
Property Tax (~2.1% TX avg)−$245
Insurance (~0.5%)−$58
Est. Monthly Cash Flow $-395

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →
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 July 24, 2026.

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