Active Listing  ·  49 days on market

10616 Mellow MEADOWS Mdws #12C

Austin, TX 78750
$150,000
2 Bed 2 Bath 952 sqft $158/sqft Built 1990 2-Car Garage Pool Park West Condo

location location. right on the greenbelt trail out your front door. views of the greenbelt from primary bedroom makes this the best building in the complex.A STEAL OF A PRICE FOR A 2 BED 2 BATH CONDO! COMMUNITY POOL AND GYM, 2 BLOCKS TO TOP RATED WESTWOOD HIGH SCHOOL.

LOVELY COVERED FRONT PATIO. BRAND NEW WATER HEATER (SEPT 2026) AND ALL APPLIANCES ALL CONVEY. good privacy being a second floor unit. easy access to 183/Lake Creek area and Lakeline Mall,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. easy commute VIA 183, 620 AND 45

At $158/sqft, this home is 60% 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 Mdws #12C, Austin, TX 78750

Property Details

Price $150,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 952 sqft
Lot Size ,
Year Built 1990
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Park West Condo
County Williamson
Zip Code 78750
$/sqft $158/sqft
Days on Market ,
HOA $290/Monthly
Annual Tax Est. $4,140
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242043418
List Date August 20, 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.

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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 Dr #43C
Meadows Of Anderson Mill Phase 2
$140,000 $176 2 bd / 1 ba 796 sqft , 2026-06-10
10616 Mellow Meadows Dr #18B
Park West Condo
$165,000 $173 2 bd / 2 ba 952 sqft , 2026-08-28

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
$720/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
$30,000
20% conventional investment loan

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

Estimated Gross Rent+$720
Principal + Interest−$819
Property Tax (~2.1% TX avg)−$263
Insurance (~0.5%)−$63
Est. Monthly Cash Flow $-425

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 September 25, 2026.

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