Active Listing  ·  28 days on market

1121 Walton Ln #B

Austin, TX 78721
$535,000
3 Bed 3 Bath 1,754 sqft $305/sqft Built 2018 0.17 acres Pool WALTON CONDOMINIUMS

Beautiful 3-bedroom, 2.5-bath condo in the heart of East Austin, offering a spacious floor plan, modern finishes, and a large private backyard—an uncommon feature for a condo. The well-appointed kitchen features stainless steel appliances and opens to comfortable living and dining areas, making it ideal for everyday living and entertaining. Enjoy the convenience of being close to Downtown Austin, parks, shopping, dining, and public amenities. Located near excellent magnet schools, this home offers a great combination of location, space, and convenience. A fantastic opportunity for homeowners or investors looking for an East Austin property close to everything Austin has to offer. Schedule your showing today!

At $305/sqft, this home is 22% below the Austin active market average of $393/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1121 Walton Ln #B, Austin, TX 78721

Property Details

Price $535,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,754 sqft
Lot Size 0.17 acres (7,318.08 sqft)
Year Built 2018
Garage ,
Stories ,
Type Residential · Condominium
Subdivision WALTON CONDOMINIUMS
County Travis
Zip Code 78721
$/sqft $305/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,504
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT244470778
List Date August 25, 2026
Elementary School Ortega
Middle School Martin
High School Eastside Early College
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
1141 Berger St #A
1141 Berger Condos
$539,500 $328 4 bd / 2 ba 1,644 sqft , 2026-03-20
604 Springdale Rd
Pipkin Add 02
$525,000 $410 3 bd / 2 ba 1,282 sqft , 2026-04-07
909 Calle Limon None #3
Von Rosenberg Gardens
$525,000 $404 2 bd / 3 ba 1,299 sqft , 2026-08-24
5912 Harold Ct #107
Kimbrough & Lisa Gray Add (Townhouse/Common)
$549,610 $304 3 bd / 4 ba 1,806 sqft , 2026-06-05
911 Calle Limon None #2
Von Rosenberg Gardens
$510,000 $390 2 bd / 3 ba 1,307 sqft , 2026-07-30

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
$2,568/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
$107,000
20% conventional investment loan

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

Estimated Gross Rent+$2,568
Principal + Interest−$2,920
Property Tax (~2.1% TX avg)−$936
Insurance (~0.5%)−$223
Est. Monthly Cash Flow $-1,511

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 →
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 1, 2026.

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