Active Listing  ·  160 days on market

1206 Luna St #2

Austin, TX 78721
$425,000
2 Bed 3 Bath 914 sqft $465/sqft Built 2023 0.15 acres Pool Chernosky No 9

Tucked into East Austin's MLK neighborhood, walkable to coffee shops, Givens Park, and the pickleball courts, with everything else just a few minutes further.

Inside, high ceilings and a wall of glass keep the light coming and the space feeling open well past its 914 square feet. Wood floors, quartz counters, clean modern finishes throughout.

Out front is the real draw: large sliding glass doors open the living area straight onto a private yard and patio — a low-maintenance oasis, not just a strip of grass out there for show. An upstairs balcony adds a second vantage over it, and the doors mean indoor and outdoor blur into one space when you're entertaining. Covered carport — small footprint, none of the small-footprint compromises.

East Austin / MLK · High Ceilings · Natural Light · Modern Finishes · Quartz + Wood Floors · Front Yard Oasis · Sliding Glass Doors · Indoor/Outdoor Living · Balcony · Covered Parking

At $465/sqft, this home is priced 18% 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

1206 Luna St #2, Austin, TX 78721

Property Details

Price $425,000
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 $465/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.

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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 · April 16, 2026 $469,900
Previous ask $439,900
Current ask $425,000
Reduced $44,900 (-9.6%) 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
1215 Fort Branch Blvd #2
Lincoln Gardens 1
$425,000 $390 2 bd / 2 ba 1,090 sqft , 2026-08-10
2702 Crest Ave #1
Rosewood
$425,000 $411 3 bd / 2 ba 1,034 sqft , 2026-09-02
3206 Goodwin Ave
Spillar & Greenwood Add
$424,900 $355 3 bd / 1 ba 1,198 sqft , 2026-09-11
1176 Lott Ave
5108 Lott Ave Site Condos
$429,000 $519 1 bd / 1 ba 826 sqft , 2026-08-27
1816 Adina St #2
Flournoy & Jones 04 Sec 01
$429,369 $401 2 bd / 3 ba 1,070 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
$2,040/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
$85,000
20% conventional investment loan

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

Estimated Gross Rent+$2,040
Principal + Interest−$2,319
Property Tax (~2.1% TX avg)−$744
Insurance (~0.5%)−$177
Est. Monthly Cash Flow $-1,200

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 15, 2026.

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