Active Listing  ·  110 days on market

1206 Luna St #2

Austin, TX 78721
$439,900
2 Bed 3 Bath 914 sqft $481/sqft Built 2023 0.15 acres Pool Chernosky No 9

Experience modern living in East Austin with this stylish 2-bedroom, 2.5-bathroom home designed for both comfort and entertaining. The open-concept living space is highlighted by large sliding glass doors that seamlessly connect the indoors to the outdoors, creating a true indoor-outdoor lifestyle perfect for hosting or relaxing.

Designed with clean lines and contemporary finishes, this home offers a functional layout with spacious bedrooms and a convenient half bath for guests. The outdoor space is low-maintenance, allowing for easy upkeep while still providing plenty of privacy—an ideal combination for busy lifestyles.

Enjoy the added benefit of being within walking distance to local coffee shops, Givens Park, and nearby pickleball courts—perfect for an active and connected lifestyle. Located in one of Austin’s most vibrant neighborhoods, you’ll enjoy close proximity to dining, shopping, and entertainment, all while having a modern retreat to call home.

At $481/sqft, this home is priced 23% 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

1206 Luna St #2, Austin, TX 78721

Property Details

Price $439,900
Status Active Listing
Beds 2
Full Baths 2
Half Baths 1
Living Area 914 sqft
Lot Size 0.15 acres (6,468.66 sqft)
Year Built 2023
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Chernosky No 9
County Travis
Zip Code 78721
$/sqft $481/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $10,592.69
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT226102738
List Date April 16, 2026
Elementary School Sims
Middle School Garcia
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
2000 E 18th St #B
2000 E 187th Street Condos
$439,900 $453 2 bd / 3 ba 972 sqft , 2026-02-12
360 Nueces St #1112
Residential Condo Amd 360
$440,000 $542 1 bd / 1 ba 812 sqft , 2026-04-24
610 Davis St #2607
The Modern Austin Residences
$437,500 $705 1 bd / 1 ba 621 sqft , 2025-10-31
1600 Barton Springs Rd #1106
Bartonplace Condo
$444,000 $598 1 bd / 1 ba 743 sqft , 2026-03-08
1600 Barton Springs Rd #5610
Bartonplace Condo
$435,000 $585 1 bd / 1 ba 743 sqft , 2025-09-25

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
$2,112/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
$87,980
20% conventional investment loan

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

Estimated Gross Rent+$2,112
Principal + Interest−$2,401
Property Tax (~2.1% TX avg)−$770
Insurance (~0.5%)−$183
Est. Monthly Cash Flow $-1,242

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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