Active Listing  ·  335 days on market

1407 Valleyridge Dr #B

Austin, TX 78704
$860,000
3 Bed 3 Bath 1,968 sqft $437/sqft Built 2024 0.11 acres 1-Car Garage Pool New Construction Southridge Sec 04

Welcome to a stunning 3 bedroom, 2.5bathroom new construction home that combines modern elegance with an unbeatable location. This home is designed for those who appreciate high-quality finishes and the vibrant lifestyle that Austin has to offer. Experience an open-concept living area that seamlessly connects the kitchen, dining, and living spaces—perfect for entertaining or enjoying cozy evenings at home. Gorgeous wood floors run throughout, adding warmth and sophistication. The kitchen is a chef's delight, featuring custom soft-close cabinets, high-end stainless steel appliances, quarts counter tops and ample counter space for culinary adventures. Bedrooms with generous closet space and abundant natural light, ensuring comfort and relaxation. Enjoy the 2.5 modern bathrooms, thoughtfully designed with upscale finishes. Step outside to your private yard, perfect for outdoor gatherings, gardening, or simply unwinding in your own sanctuary. Steel exterior doors enhances the home’s contemporary appeal. Situated in an extremely desirable area, this home offers easy access to plenty of attractions: Downtown Austin is just approximately 4 miles away, providing vibrant nightlife and cultural experiences. Iconic spots like Zilker Park (less than 3 miles), Tom Lassiter Park (less than a mile), and Barton Springs Pool are right at your doorstep. Enjoy hiking and biking trails, the famous live music scene, delectable dining experiences, and unique shopping options. Zoned for the highly sought-after Zilker Elementary School, making it an ideal choice for families too. This new construction comes with a comprehensive 1, 2, and 10-year builder warranty. Buy down rate! There are no HOA fees! Only the 1/2 walls-out insurance policy split with the other unit owner. Don’t miss your chance to own this exquisite property in one of Austin’s most sought-after neighborhoods!

At $437/sqft, this home is priced 12% 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

1407 Valleyridge Dr #B, Austin, TX 78704

Property Details

Price $860,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,968 sqft
Lot Size 0.11 acres (4,791.6 sqft)
Year Built 2024
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Southridge Sec 04
County Travis
Zip Code 78704
$/sqft $437/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT206025502
List Date September 3, 2025
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
2945 Moss St
Pannell
$859,997 $488 3 bd / 2 ba 1,762 sqft , 2026-06-29
10901 Country Knoll Knls
Spicewood Estates Sec 01
$859,000 $324 4 bd / 3 ba 2,650 sqft , 2026-06-04
13612 Bullick Hollow Rd
Adams Beaty & Moulton Surv
$865,000 $344 3 bd / 3 ba 2,517 sqft , 2025-05-31
5104 Stone Gate Dr #1
Stone Gate
$865,000 $342 4 bd / 4 ba 2,528 sqft , 2026-06-17
800 Embassy Dr #602
Tyndall/Robertson Hill Condos
$865,953 $579 2 bd / 3 ba 1,496 sqft , 2026-06-12

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
$4,128/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
$172,000
20% conventional investment loan

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

Estimated Gross Rent+$4,128
Principal + Interest−$4,693
Property Tax (~2.1% TX avg)−$1,505
Insurance (~0.5%)−$358
Est. Monthly Cash Flow $-2,428

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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