Active Listing  ·  21 days on market

1106 Algarita Ave #2

Austin, TX 78704
$799,000
2 Bed 3 Bath 1,110 sqft $720/sqft Built 2021 0.10 acres 1-Car Garage Pool Travis Heights

Built in 2021, this thoughtfully designed 2-bedroom, 2.5-bath home offers 1,110 square feet of stylish, light-filled living in the heart of 78704. Soaring ceilings, expansive windows, and abundant natural light create an airy atmosphere, while rich cabinetry, warm wood tones, statement lighting, and distinctive tilework add character throughout.

The open-concept living and kitchen area is anchored by a striking architectural range hood and oversized island with bar seating, creating an inviting space for everyday living and entertaining. Both bedrooms offer comfortable private retreats, complemented by beautifully finished baths with custom details and warm brass accents.

Outside, a fully fenced backyard creates a rare sense of privacy in such a central location, while the elevated deck provides an additional outdoor space surrounded by mature trees. A one-car garage adds convenient parking and storage.

With its desirable 78704 location, low-maintenance footprint, private outdoor spaces, and thoughtful design, the property also presents an appealing investment opportunity—whether as a primary residence, lock-and-leave home, or addition to an investment portfolio.

At $720/sqft, this home is priced 84% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1106 Algarita Ave #2, Austin, TX 78704

Property Details

Price $799,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths 1
Living Area 1,110 sqft
Lot Size 0.10 acres (4,168.69 sqft)
Year Built 2021
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Travis Heights
County Travis
Zip Code 78704
$/sqft $720/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $16,091.18
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT248178540
List Date October 2, 2026
Elementary School Travis Hts
Middle School Lively
High School Travis
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
1606 S 2nd St
Bouldin J E Estate
$799,900 $641 3 bd / 2 ba 1,248 sqft , 2026-08-10
1709 Drake Ave
Fairview Park
$795,000 $935 2 bd / 1 ba 850 sqft , 2026-09-10
2209 S 1st St #209
Bouldin
$775,000 $727 2 bd / 2 ba 1,066 sqft , 2026-10-09
302 Ben Howell Dr
Live Oak Grove Addn
$825,000 $624 3 bd / 2 ba 1,322 sqft , 2026-09-15
2113 Wilson St
Doughty
$825,000 $799 2 bd / 1 ba 1,032 sqft , 2026-09-25

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
$3,835/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
$159,800
20% conventional investment loan

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

Estimated Gross Rent+$3,835
Principal + Interest−$4,360
Property Tax (~2.1% TX avg)−$1,398
Insurance (~0.5%)−$333
Est. Monthly Cash Flow $-2,256

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 →

Neighborhood Context

About Travis Heights

Travis Heights is the neighborhood that South Austin residents fight over. Perched on hilly terrain south of the river between South Congress and Congress Avenue, it combines the best of South Austin's character - eclectic homes, mature trees, creative energy - with genuine walkability to one of Austin's best commercial corridors.

The streets roll up and down in a way that's unusual for Austin, creating sightlines and privacy that flat neighborhoods can't offer. Homes here range from original craftsman bungalows and Victorian cottages to architecturally significant modern builds taking advantage of the topography.

🛍️
South Congress Access

Walking distance to the South Congress corridor - Austin's most eclectic commercial street, with restaurants, bars, boutiques, and the Continental Club.

🌳
Mature Tree Cover

Some of the best tree canopy in South Austin. The hilly terrain means homes have natural privacy from the street and each other.

🏊
Big Stacy Park

Neighborhood park with a spring-fed swimming pool, tennis courts, and playground - a true community asset that's a short walk for most residents.

🏘️
Neighborhood Character

Architecture ranges from 1910 craftsman bungalows to striking modern infill. The variety is part of the appeal - no two blocks look the same.

Full Travis Heights Guide →

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 3, 2026.

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