Active Listing  ·  5 days on market

1701 Simond Ave #407

Austin, TX 78723
$540,000
2 Bed 2 Bath 1,162 sqft $465/sqft Built 2024 0.01 acres 2-Car Garage Pool Parkside/Mueller Condos

Live in the heart of Mueller with the neighborhood’s parks, trails, and restaurants right outside your door. Located in Parkside at Mueller, a modern condo building completed just two years ago, Unit 407 offers 2 bedrooms, 2 full baths and two reserved parking spaces in the controlled-access garage. Inside, the home feels warm and sophisticated, with white oak luxury vinyl plank flooring, quartz countertops, Italian-style cabinetry, brass fixtures, updated kitchen lighting, and custom window blinds. The spacious primary suite features a large walk-in closet and a beautifully finished bath with a walk-in shower, while the second bedroom and full bath offer flexibility for guests, a home office, or roommate. And then there’s the lifestyle! Also located on the 4th floor just steps away from 407, you'll find Parkside's amenity deck. Spend afternoons at the resort-style pool with cabanas, work out in the fitness center, dine alfresco at the outdoor kitchen, or relax in the resident lounge with its fireplace and kitchenette. Co-working spaces make working from home easy, dedicated bike storage keeps you ready to hit the trails, and the rooftop deck offers sweeping views over Mueller Lake and the downtown Austin skyline. Step outside and Mueller becomes your backyard. Walk around Mueller Lake Park, explore the neighborhood’s extensive trail system, visit the Sunday Mueller Farmers’ Market, or stroll to Aldrich Street for dinner and drinks at neighborhood favorites like B.D. Riley’s, Chuy’s, Hopdoddy, Veracruz All Natural, and Dish Society. Fitness, shopping, coffee, entertainment, and everyday conveniences are all close at hand. This is what makes Parkside at Mueller such a special place to live: the lock-and-leave convenience and amenities of a modern Austin condo, paired with something you rarely get with urban living—an entire neighborhood of parks, trails, restaurants, and gathering spaces just outside your front door.

At $465/sqft, this home is priced 19% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1701 Simond Ave #407, Austin, TX 78723

Property Details

Price $540,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,162 sqft
Lot Size 0.01 acres (405.11 sqft)
Year Built 2024
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Parkside/Mueller Condos
County Travis
Zip Code 78723
$/sqft $465/sqft
Days on Market ,
HOA $760/Monthly
Annual Tax Est. $11,639.47
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245206195
List Date September 17, 2026
Elementary School Maplewood
Middle School Kealing
High School McCallum
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
939 E 52nd St #2
Ridgetop
$540,000 $475 2 bd / 3 ba 1,138 sqft , 2026-07-09
1701 Simond Ave #639
Parkside/Mueller Condos
$545,000 $500 2 bd / 2 ba 1,091 sqft , 2026-02-28
1609 Larkwood Dr
Delwood 04 Sec B
$545,000 $446 3 bd / 1 ba 1,222 sqft , 2026-07-11
3705 Tower View Ct
Manor Hill
$545,000 $502 2 bd / 1 ba 1,085 sqft , 2026-09-03
1308 BROADMOOR Dr
WINDSOR PARK SEC 4A
$549,000 $400 3 bd / 2 ba 1,372 sqft , 2026-05-04

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
$2,592/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
$108,000
20% conventional investment loan

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

Estimated Gross Rent+$2,592
Principal + Interest−$2,947
Property Tax (~2.1% TX avg)−$945
Insurance (~0.5%)−$225
Est. Monthly Cash Flow $-1,525

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 Mueller

Mueller was built on the site of Austin's old Robert Mueller Municipal Airport, which closed in 1999. What replaced it is one of the most thoughtfully planned urban neighborhoods in Texas - a mix of single-family homes, townhomes, condos, and apartments built around parks, trails, and walkable retail.

The neighborhood is anchored by Mueller Lake Park, a 30-acre park and pond at its center, and the Mueller Farmers' Market (one of Austin's best) runs every Sunday. Aldrich Street - Mueller's main commercial strip - has restaurants, coffee shops, and retail that serve the neighborhood without overwhelming it.

🌿
Mueller Lake Park

30-acre park with a pond, walking trails, splash pad, and dog park at the center of the neighborhood. Feels like a central park for the community.

🛒
Sunday Farmers Market

One of Austin's most attended farmers markets runs every Sunday year-round on Aldrich Street. A true neighborhood institution.

🏗️
Built Green

Mueller has one of the highest concentrations of green-certified homes in Austin. Many homes feature solar panels, rainwater collection, and energy-efficient construction.

🚲
Trail Network

Extensive internal trail system connects the neighborhood, plus connections to the larger Austin trail network. Cycling and walking are genuinely practical here.

Full Mueller 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

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 September 18, 2026.

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