Active Listing  ·  194 days on market

1101 E Parmer Ln #318

Austin, TX 78753
$255,000
2 Bed 3 Bath 1,441 sqft $177/sqft Built 2016 0.11 acres 2-Car Garage Pool Bella Terra Condo Amd

Fantastic condo located in the Bella Terra Condos community in Northeast Austin, offering a well-designed floorplan, abundant natural light, and the added privacy of a gated community. This nicely updated 2 bedroom, 2.5 bathroom residence features an open floorplan with the kitchen opening seamlessly to the living area, creating a welcoming space that is ideal for both everyday living and entertaining. Large windows fill the home with natural light, enhancing the bright and airy feel throughout. The thoughtful layout makes excellent use of space, while new kitchen appliances add modern convenience and peace of mind. Step outside to the back patio, perfect for enjoying a quiet morning or unwinding at the end of the day. Residents also enjoy access to fantastic community amenities, including a sparkling community pool, a hot tub, a cabana, and outdoor grilling areas for those hot Austin summers. With a highly convenient location in Northeast Austin and a functional, entertaining-friendly design, this condo stands out for its lifestyle appeal. HOA covers water, sewer, trash, gas, and front yard maintenance- owner pays electric.

At $177/sqft, this home is 55% 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 #318, Austin, TX 78753

Property Details

Price $255,000
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 2016
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Bella Terra Condo Amd
County Travis
Zip Code 78753
$/sqft $177/sqft
Days on Market ,
HOA $565/Monthly
Annual Tax Est. $6,936.63
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT217041675
List Date January 22, 2026
Elementary School Copperfield
Middle School Westview
High School John B Connally
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 →

Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · January 22, 2026 $285,000
Previous ask $275,000
Current ask $255,000
Reduced $30,000 (-10.5%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
2412 E Stassney Ln
Peppertree Park Sec 03
$255,000 $250 3 bd / 2 ba 1,022 sqft , 2026-04-10
2000 Millay Dr
Old Town Condo Rev 1998
$255,000 $140 3 bd / 3 ba 1,822 sqft , 2026-04-22
1310 Parmer Ln #1902
SCOFIELD VILLAS CONDOMINIUMS
$254,900 $191 2 bd / 3 ba 1,334 sqft , 2026-06-05
2632 Century Park Blvd #41
Century Park Condominium
$254,000 $164 2 bd / 3 ba 1,553 sqft , 2026-04-22
935 La Posada Dr #148
Flats/935 Condos Bldg 4
$256,000 $249 2 bd / 2 ba 1,030 sqft , 2026-01-21

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
$1,224/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
$51,000
20% conventional investment loan

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

Estimated Gross Rent+$1,224
Principal + Interest−$1,392
Property Tax (~2.1% TX avg)−$446
Insurance (~0.5%)−$106
Est. Monthly Cash Flow $-720

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 →