Active Listing  ·  35 days on market

1506 Forest Trl #101

Austin, TX 78703
$399,000
2 Bed 2 Bath 1,017 sqft $392/sqft Built 1985 0.04 acres 1-Car Garage Pool Forest Oaks Condo Amd

Boutique Tarrytown condo living at its finest — welcome to Residence 101 at Forest Oaks, where private treetop living meets incredible urban convenience.

The efficient floor plan offers spacious downstairs living with a fireplace and French doors opening to a private terrace. Upstairs, two bedrooms each enjoy their own private bath.

Premium parking includes the first space as you enter the community, plus the first covered space with a spacious storage unit. With only 8 units, Forest Oaks offers a close-knit, quiet community feel. Take a dip or entertain guests at the recently refinished community pool.

Your private retreat, minutes from it all.

At $392/sqft, this home is priced in line with the Austin market average of $392/sqft across 4,663 active listings. View Austin market report →

Location

1506 Forest Trl #101, Austin, TX 78703

Property Details

Price $399,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,017 sqft
Lot Size 0.04 acres (1,568.16 sqft)
Year Built 1985
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Forest Oaks Condo Amd
County Travis
Zip Code 78703
$/sqft $392/sqft
Days on Market ,
HOA $393/Monthly
Annual Tax Est. $8,302.84
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240030597
List Date July 20, 2026
Elementary School Casis
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
2508 Enfield Rd #11
Enfield Challenge Condo
$399,000 $413 2 bd / 2 ba 967 sqft , 2026-04-17
1610 Waterston Ave #11
Enfield Place Condo
$399,000 $381 2 bd / 2 ba 1,048 sqft , 2026-08-09
2205 N Lamar Blvd #113
Caswell Lofts Condo
$395,000 $478 1 bd / 1 ba 826 sqft , 2026-02-17
1404 Norwalk Ln #201
Westfield Condominiums
$395,000 $352 2 bd / 2 ba 1,121 sqft , 2026-03-12
1406 Windsor Rd #305
Windfield Condominiums
$395,000 $392 2 bd / 2 ba 1,007 sqft , 2025-04-30

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
$1,915/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
$79,800
20% conventional investment loan

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

Estimated Gross Rent+$1,915
Principal + Interest−$2,178
Property Tax (~2.1% TX avg)−$698
Insurance (~0.5%)−$166
Est. Monthly Cash Flow $-1,127

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →
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 August 11, 2026.

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