Active Listing  ·  16 days on market

1212 Lily Ter #2

Austin, TX 78741
$274,900
2 Bed 3 Bath 1,088 sqft $253/sqft Built 2023 0.07 acres Pool Country Club Gardens

Discover a contemporary urban oasis where sophisticated design meets everyday comfort. This inviting 2-story residence. A private entry welcomes you to a meticulously maintained property featuring a fenced yard, providing an exclusive outdoor retreat. Inside, an open-concept living space seamlessly integrates the dining area and kitchen, creating an ideal environment for entertaining and daily life. The living areas are enhanced by sleek wood flooring and recessed lighting, while modern ceiling fans ensure comfort. The kitchen is a culinary delight, equipped with stainless steel appliances, including a dishwasher, gas range, microwave, and refrigerator. It features a large island, a breakfast bar, ample cabinetry, and stylish pendant lighting, all complemented by a striking patterned backsplash. Bedrooms are tranquil havens with lofty or vaulted ceilings and rich flooring, offering serene spaces for relaxation. Multiple windows throughout the home provide abundant natural illumination. This Austin gem, nestled at 1212 LILY TER, offers a harmonious blend of style and functionality in a desirable location. Virtual furnishings have been added to photos for visualization.

At $253/sqft, this home is 35% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1212 Lily Ter #2, Austin, TX 78741

Property Details

Price $274,900
Status Active Listing
Beds 2
Full Baths 2
Half Baths 1
Living Area 1,088 sqft
Lot Size 0.07 acres (3,162.46 sqft)
Year Built 2023
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Country Club Gardens
County Travis
Zip Code 78741
$/sqft $253/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,279.02
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241589643
List Date July 29, 2026
Elementary School Baty
Middle School Ojeda
High School Del Valle
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
7608 Cayenne Ln
Riverside Meadows Sec 02
$275,000 $229 3 bd / 2 ba 1,203 sqft , 2026-06-22
6900 E Riverside Dr #12
Arbors At Riverside Condo The
$275,000 $210 2 bd / 3 ba 1,312 sqft , 2026-06-01
6900 E Riverside Dr #31
Arbors At Riverside Condo The
$270,000 $206 2 bd / 3 ba 1,312 sqft , 2026-06-23
1101 Grove Blvd #208
Townhomes At Riverside Grove
$280,000 $267 2 bd / 3 ba 1,048 sqft , 2026-06-04
1101 Grove Blvd #306
Townhomes At Riverside Grove
$269,000 $222 2 bd / 3 ba 1,214 sqft , 2026-04-14

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
$1,320/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
$54,980
20% conventional investment loan

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

Estimated Gross Rent+$1,320
Principal + Interest−$1,500
Property Tax (~2.1% TX avg)−$481
Insurance (~0.5%)−$115
Est. Monthly Cash Flow $-776

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 August 5, 2026.

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