Active Listing  ·  5 days on market

1516 Catalan Rd #502

Austin, TX 78748
$314,999
3 Bed 3 Bath 1,565 sqft $201/sqft Built 2017 0.09 acres 1-Car Garage Pool Smithfield Condos

Welcome to an exceptional opportunity for affordable Southwest Austin living in the desirable Smithfield community! Offering approximately 1,565 square feet, this spacious residence combines comfort, convenience, and an unbeatable South Austin location.

The thoughtfully designed floor plan provides generous living space with plenty of room to work from home, entertain, or simply relax. Enjoy the ease of low-maintenance living while still having the space and feel buyers want in a home—all at an approachable price point for Austin.

Location is a standout. Situated just off the Menchaca/Slaughter corridor, you’re minutes from some of South Austin’s favorite restaurants, coffee shops, neighborhood bars, and entertainment, including Moontower Saloon, South Austin Beer Garden, Lulu’s, and more. Everyday conveniences, shopping, and major roadways are also nearby, making it easy to enjoy everything Southwest Austin has to offer while maintaining convenient access to the rest of the city.

Whether you’re a first-time buyer, downsizing, or simply looking for more space at an affordable price in Austin, 1516 Catalan Road #502 delivers an incredible combination of location, lifestyle, and value.

At $201/sqft, this home is 49% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1516 Catalan Rd #502, Austin, TX 78748

Property Details

Price $314,999
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,565 sqft
Lot Size 0.09 acres (3,955.25 sqft)
Year Built 2017
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Smithfield Condos
County Travis
Zip Code 78748
$/sqft $201/sqft
Days on Market ,
HOA $275/Monthly
Annual Tax Est. $6,758.54
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT248817158
List Date October 3, 2026
Elementary School Baranoff
Middle School Bailey
High School Akins
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
11409 Lost Maples Trl #11409
Ravenscroft Twnhms Amd
$315,000 $164 3 bd / 3 ba 1,922 sqft , 2026-09-02
1804 Monks Tale Ct
Canterbury Trails Sec 03
$319,000 $251 3 bd / 2 ba 1,271 sqft , 2026-10-08
1600 Airedale Rd #2601
Smithfield Condos Bldg 26
$309,000 $176 3 bd / 3 ba 1,753 sqft , 2026-06-05
10616 Marshitahs Way
Saddlewood Estates Sec 02
$305,000 $236 3 bd / 2 ba 1,290 sqft , 2026-09-19
1513 Canon Yeomans Trl
Canterbury Trails Sec 02
$325,000 $256 3 bd / 2 ba 1,271 sqft , 2026-08-21

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
$1,512/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
$63,000
20% conventional investment loan

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

Estimated Gross Rent+$1,512
Principal + Interest−$1,719
Property Tax (~2.1% TX avg)−$551
Insurance (~0.5%)−$131
Est. Monthly Cash Flow $-889

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 October 4, 2026.

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