Active Listing  ·  135 days on market

1304 Mariposa Dr #206

Austin, TX 78704
$259,000
2 Bed 1 Bath 804 sqft $322/sqft Built 1962 0.06 acres Pool Travis Green Condo

Located in the highly sought-after 78704 zip code and Travis Heights neighborhood, just minutes from downtown Austin and the vibrant South Congress area, this updated two-bedroom, one full-bath condo is completely move-in ready. Recent upgrades include built-in closets in both bedrooms, modern lighting, updated kitchen and appliances, and fresh paint throughout.

Located in the gated Travis Green community, this charming unit backs up to one of two pools just steps from your door, along with inviting green space that adds to the open, relaxed feel. HOA dues cover common area maintenance, exterior insurance, water, sewer, gas, trash, plus Spectrum cable and internet—with Google Fiber also available. The property includes one assigned parking space and plenty of guest parking for added convenience.

At $322/sqft, this home is 18% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1304 Mariposa Dr #206, Austin, TX 78704

Property Details

Price $259,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 804 sqft
Lot Size 0.06 acres (2,587.46 sqft)
Year Built 1962
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Travis Green Condo
County Travis
Zip Code 78704
$/sqft $322/sqft
Days on Market ,
HOA $448/Monthly
Annual Tax Est. $5,545.65
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT223328017
List Date March 22, 2026
Elementary School Travis Hts
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.

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
1800 Lavaca St #A508
Greenwood Towers Amd
$259,000 $302 2 bd / 1 ba 857 sqft , 2026-04-18
4711 Spicewood Springs Rd #4-222
Stillhouse Canyon Condo Amended
$259,000 $312 1 bd / 1 ba 831 sqft , 2026-06-03
9525 N Capital Of Texas Hwy #414
Loop Condo
$259,000 $266 2 bd / 1 ba 972 sqft , 2026-06-05
1800 Lavaca St #207
Greenwood Towers Amd
$260,000 $295 2 bd / 2 ba 880 sqft , 2026-04-01
1422 Collier St #105
Flamingo Condo
$260,000 $495 1 bd / 1 ba 525 sqft , 2026-07-28

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
$1,243/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
$51,800
20% conventional investment loan

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

Estimated Gross Rent+$1,243
Principal + Interest−$1,413
Property Tax (~2.1% TX avg)−$453
Insurance (~0.5%)−$108
Est. Monthly Cash Flow $-731

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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