Active Listing  ·  61 days on market

1318 Newning Ave #C

Austin, TX 78704
$699,500
2 Bed 3 Bath 1,401 sqft $499/sqft Built 2005 0.12 acres 1-Car Garage Pool Fairview Commons Condo Amd

The Dream Location! Incredible opportunity to live in one of the most walkable and coveted townhomes Travis Heights has to offer. Exquisite Craftsman-style, tastefully updated 2-bedroom, 2.5-bathroom condo that lives like a single-family home with a private backyard, expansive deck, attached garage, and superior walkability to the best shopping, music venues, and longtime favorite restaurants, including Aba, Two Hands, Equinox, Soho House, Saint Cecilia, Music Lane, and more. The second floor features hardwood flooring throughout and hosts the spacious primary suite, complete with a walk-in closet, and soaking tub. Upstairs also offers a generous second bedroom and a beautiful covered balcony to enjoy your morning coffee. **HOA Dues cover: exterior maintenance, insurance, and landscaping/lawn care.

At $499/sqft, this home is priced 27% 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

1318 Newning Ave #C, Austin, TX 78704

Property Details

Price $699,500
Status Active Listing
Beds 2
Full Baths 2
Half Baths 1
Living Area 1,401 sqft
Lot Size 0.12 acres (5,052.96 sqft)
Year Built 2005
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Fairview Commons Condo Amd
County Travis
Zip Code 78704
$/sqft $499/sqft
Days on Market ,
HOA $560.19/Monthly
Annual Tax Est. $9,625
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240944325
List Date July 23, 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.

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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 · July 23, 2026 $749,500
Current ask $699,500
Reduced $50,000 (-6.7%) 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
48 East Ave #1809
Natiivo
$699,000 $712 2 bd / 2 ba 982 sqft , 2026-07-27
70 Rainey St #1509
70 Rainey Residences
$695,000 $616 2 bd / 2 ba 1,128 sqft , 2026-02-26
1600 Barton Springs Rd #5601
Bartonplace Condo
$685,000 $602 2 bd / 2 ba 1,138 sqft , 2026-08-01
611 W Live Oak St
Bouldin South Ext
$685,000 $619 2 bd / 2 ba 1,107 sqft , 2026-08-12
2209 S 1st St #237
Bouldin
$679,000 $633 2 bd / 2 ba 1,072 sqft , 2026-06-17

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
$3,358/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
$139,900
20% conventional investment loan

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

Estimated Gross Rent+$3,358
Principal + Interest−$3,817
Property Tax (~2.1% TX avg)−$1,224
Insurance (~0.5%)−$291
Est. Monthly Cash Flow $-1,974

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 21, 2026.

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