Active Listing  ·  106 days on market

1303 Azie Morton Rd #2

Austin, TX 78704
$1,385,000
4 Bed 3 Bath 2,068 sqft $670/sqft Built 2011 0.11 acres 2-Car Garage Pool Zilker Terrace Condo

Located in the exclusive Zilker Terrace community, this contemporary 4-bedroom, 3-bath home offers a rare combination of a two-car garage, sweeping downtown skyline views, beautifully xeriscaped yards, and a prime location within walking distance of Zilker Park and just minutes from downtown.

Built as a 5-Star Green home, it features solar panels, spray foam insulation, a tankless water heater, rainwater collection, and a Tesla charger, delivering exceptional energy efficiency and low utility costs.

The light-filled, open-concept floor plan is designed for easy living and entertaining, while the covered patio and low-maintenance backyard provide the perfect space to relax outdoors. An herb garden with fresh basil, rosemary, mint, and more adds a charming touch to everyday living.

Enjoy easy access to Barton Springs, the Barton Creek Greenbelt, South Congress, and downtown Austin. Combining modern design, sustainable living, and an unbeatable location, this home offers the best of the Austin lifestyle.

At $670/sqft, this home is priced 71% 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

1303 Azie Morton Rd #2, Austin, TX 78704

Property Details

Price $1,385,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,068 sqft
Lot Size 0.11 acres (4,935.35 sqft)
Year Built 2011
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Zilker Terrace Condo
County Travis
Zip Code 78704
$/sqft $670/sqft
Days on Market ,
HOA $790/Quarterly
Annual Tax Est. $16,012
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT226287455
List Date April 20, 2026
Elementary School Zilker
Middle School O Henry
High School Austin
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
2603 Sol Wilson Ave
Homewood Heights
$1,385,000 $561 4 bd / 4 ba 2,468 sqft , 2026-04-21
3412 South Oak Dr #A
South Oak
$1,375,000 $576 3 bd / 3 ba 2,389 sqft , 2026-05-07
5105 N Rim Dr
Vista West
$1,375,000 $510 4 bd / 3 ba 2,698 sqft , 2026-06-02
3911 Dry Creek Dr
Shinoak Valley Sec 01
$1,375,000 $647 3 bd / 3 ba 2,124 sqft , 2026-08-03
1619 Elmhurst Dr
Elmhurst Heights Sec 03
$1,395,000 $589 4 bd / 4 ba 2,367 sqft , 2025-09-29

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
$6,648/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
$277,000
20% conventional investment loan

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

Estimated Gross Rent+$6,648
Principal + Interest−$7,559
Property Tax (~2.1% TX avg)−$2,424
Insurance (~0.5%)−$577
Est. Monthly Cash Flow $-3,912

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 →

Neighborhood Context

About Zilker

Zilker is Austin's outdoor living capital - a neighborhood defined by Barton Springs Pool, 351 acres of Zilker Park, and direct access to the Barton Creek Greenbelt and Lady Bird Lake hike-and-bike trail. It's where Austin's outdoor culture is most concentrated, and it attracts buyers who prioritize lifestyle as much as real estate.

The housing stock is a mix of 1950s to 70s ranch homes - many still with original character - and increasingly, new custom construction replacing the teardown lots that make up a growing share of the market. Entry-level Zilker (smaller older homes, some needing updates) starts around $600K. Renovated homes and new builds run $1M to $3M+.

🏊
Barton Springs Pool

Austin's iconic spring-fed swimming pool - 68°F year-round, free for residents, a short walk from most Zilker addresses. The defining amenity of the neighborhood.

🌳
Zilker Park

351 acres of parkland on the south shore of Lady Bird Lake. Kite Festival, ACL Music Festival, Austin City Limits taping - all happen here. In Zilker, you live next door to all of it.

🚴
Trail Access

Direct access to the 10-mile Lady Bird Lake hike-and-bike trail and the Barton Creek Greenbelt - 12+ miles of natural swimming holes and hiking. Austin's best outdoor infrastructure, right out your door.

📍
Location

5 minutes to downtown, 2 minutes to SoCo, walking distance to some of Austin's best restaurants. Zilker has the location of Central Austin without the price of Tarrytown or Clarksville.

Full Zilker Guide →

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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