Active Listing  ·  5 days on market

1118 Algarita Ave #2

Austin, TX 78704
$925,000
3 Bed 3 Bath 1,792 sqft $516/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 $516/sqft, this home is priced 32% 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

1118 Algarita Ave #2, Austin, TX 78704

Property Details

Price $925,000
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 $516/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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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
1900 Barton Springs Rd #2026
Zilkr/Pk Condos
$925,000 $714 2 bd / 2 ba 1,296 sqft , 2026-04-22
7705 Jester Blvd
Jester Point 02 Sec 04
$925,000 $440 3 bd / 3 ba 2,104 sqft , 2026-06-25
1907 Stoneridge Rd
Countryside Sec 01
$925,000 $513 4 bd / 2 ba 1,804 sqft , 2026-08-03
4408 Barrow Ave
Eichelberger Ruby
$924,500 $452 4 bd / 3 ba 2,044 sqft , 2026-07-09
1912 Antone St
Mueller Sec 04 Amd
$929,000 $396 4 bd / 3 ba 2,345 sqft , 2025-12-04

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
$4,440/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
$185,000
20% conventional investment loan

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

Estimated Gross Rent+$4,440
Principal + Interest−$5,048
Property Tax (~2.1% TX avg)−$1,619
Insurance (~0.5%)−$385
Est. Monthly Cash Flow $-2,612

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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