Active Listing  ·  4 days on market

1701 Simond Ave #516

Austin, TX 78723
$355,950
1 Bed 1 Bath 614 sqft $580/sqft Built 2024 0.00 acres 1-Car Garage Pool Parkside/Mueller Condos

Elevated living at Parkside at Mueller. Perched on the fifth floor, this like-new 1-bedroom, 1-bathroom residence offers a bright, open floor plan designed for effortless everyday living. The kitchen features sleek countertops, stainless steel appliances, generous storage, and seamlessly connects to the sunlit living area, where oversized windows fill the home with natural light. Built in 2024 and thoughtfully designed throughout, this home offers a turnkey opportunity in one of Austin's most vibrant neighborhoods. A dedicated garage parking space adds a level of convenience rarely found in such a walkable location.

At Parkside, the amenities extend your living well beyond the front door. Stay active in the fitness center, spend afternoons by the resort-style pool and cabanas, gather with friends at the outdoor kitchen, or take advantage of the resident lounge and coworking spaces. Just outside, you'll find restaurants, local coffee shops, H-E-B, parks, and miles of trails, making it easy to enjoy everything Mueller has to offer just steps from home.

At $580/sqft, this home is priced 48% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1701 Simond Ave #516, Austin, TX 78723

Property Details

Price $355,950
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 614 sqft
Lot Size 0.00 acres (213.44 sqft)
Year Built 2024
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Parkside/Mueller Condos
County Travis
Zip Code 78723
$/sqft $580/sqft
Days on Market ,
HOA $103.66/Monthly
Annual Tax Est. $4,034.23
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241511845
List Date July 31, 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
2519 E 4th St #2
M. E. CHERNOSKY SUBD
$359,000 $748 1 bd / 1 ba 480 sqft , 2026-06-23
54 Rainey St #415
Milago Condo Amd
$359,000 $475 1 bd / 1 ba 756 sqft , 2026-06-01
1701 Simond Ave #615
Muller
$359,950 $586 1 bd / 1 ba 614 sqft , 2026-05-06
4004 Banister Ln #309
MESA Condominiums
$360,000 $533 1 bd / 1 ba 675 sqft , 2026-05-26
715 22 1/2 St #101
Georgian Condo
$360,000 $450 2 bd / 2 ba 800 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
$1,709/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
$71,190
20% conventional investment loan

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

Estimated Gross Rent+$1,709
Principal + Interest−$1,943
Property Tax (~2.1% TX avg)−$623
Insurance (~0.5%)−$148
Est. Monthly Cash Flow $-1,005

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

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