Active Listing  ·  176 days on market

142 Thelonious Dr

Austin, TX 78745
$349,999
3 Bed 3 Bath 1,594 sqft $220/sqft Built 2019 0.12 acres 1-Car Garage Pool 7300 South Congress

Welcome home to this beautifully refreshed 3-bedroom, 2.5-bath 2019 condo in highly desirable South Austin! Freshly updated with brand-new carpet and paint throughout, this light-filled home offers a clean, modern feel that’s truly move-in ready. The spacious floor plan features oversized bedrooms and an expansive living area perfect for relaxing or entertaining. Downstairs, you’ll find a huge living space open to the kitchen as well as a versatile flex space ideal for a home office, second living area, playroom, or workout space—tailored to fit your lifestyle. Upstairs, generously sized bedrooms provide comfort and privacy, including a well-appointed primary suite with ample closet space and a private bath. Step outside to enjoy your own fenced backyard—perfect for pets, gardening, or simply unwinding outdoors. A one-car garage adds convenience and extra storage. Located in vibrant South Austin with easy access to HEB, Costco, Sam's Club, entertainment, restaurants, and major thoroughfares, this pristine condo offers the perfect blend of comfort, flexibility, and location. HOA covers all exterior maintenance and yard care (including back yard).

At $220/sqft, this home is 44% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

142 Thelonious Dr, Austin, TX 78745

Property Details

Price $349,999
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,594 sqft
Lot Size 0.12 acres (5,113.94 sqft)
Year Built 2019
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision 7300 South Congress
County Travis
Zip Code 78745
$/sqft $220/sqft
Days on Market ,
HOA $346.5/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT219495375
List Date February 19, 2026
Elementary School Williams
Middle School Bedichek
High School Crockett
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
707 Great Britain Blvd
Buckingham Estates Ph III Sec
$350,000 $300 3 bd / 2 ba 1,166 sqft , 2025-10-17
704 Buckingham Pl
Buckingham Estates Sec 01
$350,000 $226 3 bd / 2 ba 1,552 sqft , 2026-03-31
208 Natali St
Park Ridge
$340,000 $243 3 bd / 3 ba 1,402 sqft , 2026-06-19
604 North Bluff Dr #144
Skybridge Lofts
$340,000 $190 3 bd / 3 ba 1,785 sqft , 2026-07-09
7106 Moat Cv
Buckingham Estates Ph 2 Sec 2
$365,000 $333 3 bd / 2 ba 1,096 sqft , 2026-06-04

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
$1,680/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
$70,000
20% conventional investment loan

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

Estimated Gross Rent+$1,680
Principal + Interest−$1,910
Property Tax (~2.1% TX avg)−$612
Insurance (~0.5%)−$146
Est. Monthly Cash Flow $-988

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 South Congress

South Congress Avenue is Austin's most photographed street - the stretch of eclectic boutiques, vintage shops, food trailers, and acclaimed restaurants running south from the river that became famous as "SoCo" in the 1990s and has only grown in cultural significance since. Living in the South Congress neighborhood means this corridor is literally walkable from your front door.

The residential blocks surrounding South Congress are a mix of 1950s and 1960s ranch homes, updated bungalows, and newer townhome and condo development that has pushed into the area as prices have risen. Home Slice Pizza, Perla's, Uchiko, and the Alamo Drafthouse South Lamar are all within a 10-minute walk of most addresses in the neighborhood. The Congress Avenue Bridge - with its famous bat colony - is a short stroll for evening entertainment.

🛍️
SoCo Corridor

South Congress Avenue runs through the neighborhood with boutiques, vintage shops, restaurants, and bars that have made it one of the most famous streets in Texas. Home Slice Pizza, Güero's, and Perla's are all within walking distance.

🦇
Congress Bridge Bats

The Congress Avenue Bridge - home to 1.5 million Mexican free-tailed bats - is a short walk north. One of Austin's most unique spectacles, free every evening from spring through fall.

🍽️
Restaurant Density

The concentration of acclaimed restaurants per square mile around South Congress rivals any Austin neighborhood. From Uchi on South Lamar to the food trailers on South First, this is Austin's most food-rich zone.

🚶
Walk Score 84

Grocery, dining, entertainment, and parks are all walkable. One of Austin's more genuinely walkable residential areas - you can leave the car parked for most of a weekend.

Full South Congress 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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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 July 26, 2026.

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