About This Home

Prime Location! Close to many major employers. Beautiful condo in Popular Bella Terra Gated Community! Open floorplan with family/kitchen/dining plus conveniently located 1/2 bath downstairs. Kitchen has Corian counters, SS appliances with gas cooking, & Breakfast bar. Family room has gas log fireplace, crown molding, and ceiling fan. Upstairs has 2 BR/2 full baths plus utility room. Primary suite offers dual vanity, garden tub, separate shower, and walk in closet. Large deck overlooks your private backyard shaded by mature trees. HOA dues cover water, sewer, trash, gas, and front yard maintenance. Owner pays electric.

At $173/sqft, this home is 56% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1101 E Parmer Ln #217, Austin, TX 78753

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Property Details

Price $250,000

Status Active Listing

Beds 2

Full Baths 2

Half Baths 1

Living Area 1,441 sqft

Lot Size 0.11 acres (4,900.5 sqft)

Year Built 2005

Garage 2 spaces

Stories ,

Type Residential · Condominium

Subdivision Bella Terra Condo Ph 02 Amd

County Travis

Zip Code 78753

$/sqft $173/sqft

Days on Market ,

HOA $565/Monthly

Annual Tax Est. $5,142.14

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT244313916

List Date August 21, 2026

Elementary School Copperfield

Middle School Dessau

High School John B Connally

School District ,

Have Questions About This Property?

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

1015 E Yager Ln #125
Coppertree Condo Ph 03 $249,800 $258 3 bd / 2 ba 967 sqft , 2026-05-26

1101 E Parmer Ln #318
Bella Terra Condo Amd $255,000 $177 2 bd / 3 ba 1,441 sqft , 2026-01-22

12310 Furrow Cv #A
Copperfield Twnhms Ph 02 $229,000 $240 2 bd / 2 ba 955 sqft , 2026-07-28

1101 E Parmer Ln #315
Bella Terra Condo Amd $275,000 $167 3 bd / 3 ba 1,651 sqft , 2026-07-30

1015 E Yager Ln #18
Coppertree Condo Ph 02 $217,500 $217 2 bd / 2 ba 1,004 sqft , 2026-04-10

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

$1,200/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

$50,000

20% conventional investment loan

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

Estimated Gross Rent+$1,200

Principal + Interest−$1,364

Property Tax (~2.1% TX avg)−$438

Insurance (~0.5%)−$104

Est. Monthly Cash Flow $-706

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 22, 2026.

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

1101 E Parmer Ln #217

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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