Active Listing  ·  3 days on market

1202 Greenwood Ave

Austin, TX 78721
$470,000
2 Bed 3 Bath 1,004 sqft $468/sqft Built 2022 0.06 acres 1-Car Garage Pool 1200 Greenwood Ave Condos

Nestled beneath a mature oak on an East Austin hillside, this two-bedroom, two-and-a-half-bath home from Dwell Best Construction stands alone with its own street address, private driveway, and private storage. Legally a condominium, it functions as a single family home with no shared walls and no HOA fee. Ensuite bathrooms in each bedroom, a garage with 12-foot ceilings, and modern architecture come together on one hillside lot.

You enter directly into the living area, where an open floor plan leads to a large screened porch, which has previously served as an outdoor dining room. However, its exterior walls already carry full insulation (according to the builder) if you wanted to enclose it. Buyers should confirm permit requirements. Kitchen finishes include custom cabinetry, white quartz counters, and subway tile, with a small pantry built into the space under the stairs. Designer lighting and oversized windows carry through the home.

Upstairs, two bedrooms each have vaulted ceilings, oversized windows, and ensuite bathrooms, so either one can serve as your primary suite. An upper private balcony extend the living space outdoors, and a gas line runs to the patio to make grilling a breeze.

A full size garage holds vehicles, storage, or a home gym. An enclosed yard and additional exterior storage behind the home complete the grounds. A new roof and garage door were installed in 2024. A builder warranty transfers to the next owner, and a foundation warranty backs it. A scale prevention water system protects the appliances, and smart blinds, locks, thermostat, and doorbell come installed.

Mueller, Downtown, and the University of Texas are all nearby, and Austin Bergstrom Airport is under 15 minutes by car. Nixta, Birdie's, and Cork & Screw anchor the nearby dining, with Sa-ten, Uroku, and Stargazer a short drive south.

This detached home offers you a personal address, private driveway, no HOA fee, and plenty of storage. Schedule your showing.

At $468/sqft, this home is priced 19% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1202 Greenwood Ave, Austin, TX 78721

Property Details

Price $470,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths 1
Living Area 1,004 sqft
Lot Size 0.06 acres (2,613.6 sqft)
Year Built 2022
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision 1200 Greenwood Ave Condos
County Travis
Zip Code 78721
$/sqft $468/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT248947172
List Date October 5, 2026
Elementary School Norman-Sims
Middle School Martin
High School Northeast 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
3900 Berkman Dr #203
Concourse at Mueller Condominiums
$464,900 $498 2 bd / 2 ba 933 sqft , 2026-08-18
1709 Perez St #2
1709 Perez Condos
$479,000 $438 2 bd / 3 ba 1,093 sqft , 2026-06-03
1803 Perez St
Chernosky 10
$460,000 $597 2 bd / 1 ba 770 sqft , 2026-07-08
3409 Neal St #2
3409 NEAL CONDOMINIUMS
$485,000 $444 2 bd / 3 ba 1,092 sqft , 2026-06-16
1167 Springdale Rd
Carter William
$450,000 $540 1 bd / 1 ba 834 sqft , 2026-02-14

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
$2,256/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
$94,000
20% conventional investment loan

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

Estimated Gross Rent+$2,256
Principal + Interest−$2,565
Property Tax (~2.1% TX avg)−$823
Insurance (~0.5%)−$196
Est. Monthly Cash Flow $-1,328

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 7, 2026.

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