Active Listing  ·  34 days on market

1702 Timber Ridge Dr

Austin, TX 78741
$275,000
3 Bed 3 Bath 1,531 sqft $180/sqft Built 1973 0.04 acres 2-Car Garage Pool Timber Ridge At Greenbriar Sec

Welcome to 1702 Timber Ridge Dr — a beautifully renovated 3-bedroom, 2.5-bath home that delivers the rare combination of location, style, and value. Just 10 minutes from downtown and only minutes from the shops, dining, and energy of South Congress, you're never far from the best of the city.

Step inside to a spacious, light-filled layout with soaring high ceilings that give every room an open, airy feel. The renovated kitchen is the heart of the home, featuring updated cabinetry and beautiful granite countertops. The bathrooms have been thoughtfully upgraded with designer tile and refreshed showers, giving the home a clean, modern finish throughout.

A 2-car garage adds everyday convenience and storage, while the move-in-ready condition means there's nothing left to do but settle in and enjoy. Best of all, you'll have the convenience and peace of mind of a maintenance-provided condo — spend your time enjoying the home and the city, not worrying about upkeep. The community amenities are just steps from your door, with a sparkling pool and tennis court ready whenever you are. Homes offering this level of updates in a location this central don't come along often — this is simply the best value in one of the best locations in the city.

Schedule your showing today before it's gone.

At $180/sqft, this home is 54% 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

1702 Timber Ridge Dr, Austin, TX 78741

Property Details

Price $275,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,531 sqft
Lot Size 0.04 acres (1,524.6 sqft)
Year Built 1973
Garage 2 spaces
Stories ,
Type Residential · Townhouse
Subdivision Timber Ridge At Greenbriar Sec
County Travis
Zip Code 78741
$/sqft $180/sqft
Days on Market ,
HOA $389/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243760649
List Date August 20, 2026
Elementary School Linder
Middle School Lively
High School Travis
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 →

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 · August 20, 2026 $289,000
Current ask $275,000
Reduced $14,000 (-4.8%) 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
1727 Timber Ridge Dr
Timber Ridge At Greenbriar Sec
$280,000 $240 2 bd / 2 ba 1,167 sqft , 2026-03-30
2001 Parker Ln #101
La Chenay Condominiums
$269,000 $236 2 bd / 1 ba 1,140 sqft , 2025-09-19
1904 Cleese Dr
Edgewick Condo
$315,000 $259 2 bd / 2 ba 1,216 sqft , 2026-07-29
2001 Tramson Dr
Edgewick
$319,000 $215 3 bd / 3 ba 1,483 sqft , 2026-07-31
2009 Iroquois Ln #B
East Riverside - Oltorf
$325,000 $224 2 bd / 3 ba 1,450 sqft , 2026-03-17

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
$1,320/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
$55,000
20% conventional investment loan

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

Estimated Gross Rent+$1,320
Principal + Interest−$1,501
Property Tax (~2.1% TX avg)−$481
Insurance (~0.5%)−$115
Est. Monthly Cash Flow $-777

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 September 17, 2026.

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