Active Listing  ·  29 days on market

1304 Mariposa Dr #132

Austin, TX 78704
$460,000
3 Bed 2 Bath 1,296 sqft $355/sqft Built 1962 0.10 acres Pool Travis Green Condo

Inside desirable Travis Heights, one of Austin's most walkable neighborhoods, just over a mile to South Congress shops, restaurants, and live music, or to Lady Bird Lake. This 3-bedroom, 2-bath first-floor condo sits within the gated Travis Green community, in a neighborhood made for evening walks, with easy access to greenbelt trails and a dog park nearby.

Recent 2025 updates include a kitchen taken to the studs and rebuilt with new cabinetry, countertops, backsplash, and appliances, a new HVAC system, and fresh paint throughout. A wood-burning stone fireplace serves as the living room's focal point, and a wide slider opens to a private patio.

The community features two swimming pools, including one just steps from the back patio surrounded by expansive green space. HOA covers landscaping, water, gas, trash, and Spectrum cable and internet, with Google Fiber available. Washer, dryer, and all appliances convey. With an unbeatable location, stylish updates, and low-maintenance living, this is a rare chance to own in one of Austin's most sought-after neighborhoods.

At $355/sqft, this home is 9% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1304 Mariposa Dr #132, Austin, TX 78704

Property Details

Price $460,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,296 sqft
Lot Size 0.10 acres (4,173.05 sqft)
Year Built 1962
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Travis Green Condo
County Travis
Zip Code 78704
$/sqft $355/sqft
Days on Market ,
HOA $560/Monthly
Annual Tax Est. $8,946.19
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT244473367
List Date August 25, 2026
Elementary School Travis
Middle School Lively
High School Travis
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
2507 Glen Springs Way
Greenbriar Sec 01
$474,900 $335 3 bd / 2 ba 1,416 sqft , 2026-08-05
1704 Alleghany Dr
Greenbriar Sec 01
$425,000 $284 3 bd / 2 ba 1,496 sqft , 2026-03-20
2209 Woodland Ave #803
Woodland Park
$405,000 $329 2 bd / 3 ba 1,230 sqft , 2026-05-22
2215 Post Rd #1018
Travis Oaks Condo Amd
$399,000 $408 2 bd / 2 ba 977 sqft , 2026-07-03
2215 Post Rd #2084
Travis Oaks Condo Amd
$379,000 $388 2 bd / 2 ba 977 sqft , 2026-08-21

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
$2,208/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
$92,000
20% conventional investment loan

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

Estimated Gross Rent+$2,208
Principal + Interest−$2,510
Property Tax (~2.1% TX avg)−$805
Insurance (~0.5%)−$192
Est. Monthly Cash Flow $-1,299

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 3, 2026.

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