Active Listing  ·  222 days on market

1601 Faro Dr #2403

Austin, TX 78741
$149,800
1 Bed 1 Bath 736 sqft $204/sqft Built 1983 Pool Chambord Condo Rev 1999

BOM! Buyer was approved, all inspections done, ready to close, then buyer had health-related family emergency and was unable to go forward. Seller would love to cash out but will consider owner financing for right buyer. Long-term owner lovingly maintained the unit and made numerous improvements, including wood-look tile flooring, kitchen with new countertops, paint, and popcorn-free ceilings! Complex is quiet with a lot of land and many shade trees. HOA dues cover water, trash, and exterior upkeep. Lovely pool. Covered patio in back is a great place for coffee in the morning and relaxing at the end of the day. NOTE: complex is non-warrantable at this time but is in the process of getting approved for FHA financing.

At $204/sqft, this home is 48% 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

1601 Faro Dr #2403, Austin, TX 78741

Property Details

Price $149,800
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 736 sqft
Lot Size ,
Year Built 1983
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Chambord Condo Rev 1999
County Travis
Zip Code 78741
$/sqft $204/sqft
Days on Market ,
HOA $358.71/Monthly
Annual Tax Est. $4,967.46
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT219179110
List Date February 13, 2026
Elementary School Baty
Middle School Ojeda
High School Del Valle
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 · February 13, 2026 $190,000
Previous ask $159,000
Current ask $149,800
Reduced $40,200 (-21.2%) 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
4500 E Oltorf St #A118
Monaco Condo Amd
$149,990 $231 1 bd / 1 ba 650 sqft , 2026-06-04
4500 E Oltorf St #C-306
Monaco Condo Amd
$159,000 $187 2 bd / 1 ba 850 sqft , 2026-07-23
2450 WICKERSHAM Ln #1317
CHAMONIX CONDOMINIUMS AMENDE
$125,000 $178 1 bd / 1 ba 704 sqft , 2026-03-14
1601 Faro Dr #1502
Chambord Condo Rev 1999
$189,925 $211 2 bd / 1 ba 900 sqft , 2026-08-04
4500 E Oltorf St #A105
Monaco Condo Amd
$99,900 $154 1 bd / 1 ba 650 sqft , 2026-05-13

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
$719/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
$29,960
20% conventional investment loan

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

Estimated Gross Rent+$719
Principal + Interest−$818
Property Tax (~2.1% TX avg)−$262
Insurance (~0.5%)−$62
Est. Monthly Cash Flow $-423

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 August 29, 2026.

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