Active Listing  ·  13 days on market

1101 Milford Way #1

Austin, TX 78745
$370,000
3 Bed 2 Bath 1,189 sqft $311/sqft Built 1974 0.13 acres 2-Car Garage Pool Austin Highlands Sec 03

**A 2.8% INTEREST RATE WITH 2026 PRICES?!** Yes, you read that right! Get the best of both worlds: a COVID-era interest rate with today's reduced home prices through a potential loan assumption!

Situated on a desirable corner lot in a quiet neighborhood, this charming home features a HUGE fenced front yard, soaring vaulted ceilings, beautifully renovated bathrooms, smooth ceilings with all popcorn texture removed, and a grand wood-burning fireplace that anchors the living space.

NO SHARED WALLS, NO HOA FEES, NO ASSOCIATION MANAGEMENT, AND NO COMMON INSURANCE POLICY!

Loan assumption subject to lender approval and buyer qualification. See attached condominium documents, survey, and Seller's Disclosure for additional details. Buyer to independently verify all information.

At $311/sqft, this home is 20% 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 Milford Way #1, Austin, TX 78745

Property Details

Price $370,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,189 sqft
Lot Size 0.13 acres (5,540.83 sqft)
Year Built 1974
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Austin Highlands Sec 03
County Travis
Zip Code 78745
$/sqft $311/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,727.88
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT249549109
List Date October 11, 2026
Elementary School Odom
Middle School Bedichek
High School Crockett
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
6407 Cannonleague Dr
Manchaca Estates Amd
$369,900 $282 3 bd / 2 ba 1,312 sqft , 2026-09-08
6906 Moonmont Dr
Buckingham Ridge Sec 05
$369,000 $253 3 bd / 2 ba 1,460 sqft , 2026-07-03
102 Skyloop Dr
Buckingham Ridge Sec 01
$365,000 $255 3 bd / 2 ba 1,433 sqft , 2026-03-26
512 Eberhart Ln #1205
Sweetbriar Garden Homes Condom
$379,000 $263 2 bd / 3 ba 1,442 sqft , 2026-07-02
5413 Blue Bird Ln #2
Blue Bird Condominiums
$379,000 $367 2 bd / 3 ba 1,032 sqft , 2026-09-08

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
$1,776/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
$74,000
20% conventional investment loan

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

Estimated Gross Rent+$1,776
Principal + Interest−$2,019
Property Tax (~2.1% TX avg)−$648
Insurance (~0.5%)−$154
Est. Monthly Cash Flow $-1,045

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 October 16, 2026.

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