Active Listing  ·  54 days on market

1118 Algarita Ave #2

Austin, TX 78704
$850,000
3 Bed 3 Bath 1,792 sqft $474/sqft Built 2018 0.12 acres 1-Car Garage Pool 1118 Algarita Condos

Welcome to your new home in the heart of Austin! This contemporary Travis Heights gem features soaring ceilings, large double-paned windows with custom shades, and beautiful flooring throughout. The open-concept main level includes spacious living, kitchen, and dining areas plus a powder bath, laundry room, and under-stairs storage closet. Upstairs, you'll find all three bedrooms and two full bathrooms. The primary suite offers high ceilings, abundant natural light, and a spa-like bathroom with marble tile, walk-in shower, and spacious closet. Enjoy your private, fenced backyard oasis with an oversized covered porch and automatic sprinkler system - perfect for relaxing or entertaining. Additional highlights include a one-car garage and an unbeatable location just a short walk or bike ride from South Congress and South First. Easy access to I-35 and Highway 71 makes getting to the airport and around the city a breeze. Don't miss your chance to own this exceptional Travis Heights home! STR allowed. Low maintenance, lock and leave home!

At $474/sqft, this home is priced 21% above the Austin active market average of $393/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1118 Algarita Ave #2, Austin, TX 78704

Property Details

Price $850,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,792 sqft
Lot Size 0.12 acres (5,262.05 sqft)
Year Built 2018
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision 1118 Algarita Condos
County Travis
Zip Code 78704
$/sqft $474/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $14,816
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241399255
List Date July 30, 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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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 · July 30, 2026 $925,000
Previous ask $895,000
Current ask $850,000
Reduced $75,000 (-8.1%) 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
800 W Gibson St
South Heights
$849,000 $636 2 bd / 2 ba 1,335 sqft , 2026-08-14
2209 S 1st St #116
Bouldin
$849,000 $723 2 bd / 2 ba 1,175 sqft , 2026-09-08
1012 Harwood Pl #A
Travis Heights
$899,000 $553 2 bd / 2 ba 1,627 sqft , 2026-09-15
1612 Travis Heights Blvd
Travis Heights
$899,000 $675 2 bd / 1 ba 1,332 sqft , 2026-09-17
411 W Live Oak St
Sheltons
$900,000 $506 3 bd / 2 ba 1,780 sqft , 2026-05-15

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
$4,080/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
$170,000
20% conventional investment loan

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

Estimated Gross Rent+$4,080
Principal + Interest−$4,639
Property Tax (~2.1% TX avg)−$1,488
Insurance (~0.5%)−$354
Est. Monthly Cash Flow $-2,401

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 13, 2026.

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