Active Listing  ·  16 days on market

1704-2 REDD None

Austin, TX 78745
$239,000
1 Bed 1 Bath 493 sqft $485/sqft Built 2025 0.10 acres 1704 REDD CONDOMINIUMS

A rare find in South Austin — this standalone studio offers something almost unheard of in this category: ZERO monthly HOA fees. Unlike many competing 1/1 properties with hundreds of dollars in monthly HOA dues, this home offers independence, dedicated parking, and the freedom of a detached residence without the added expense.

This beautifully designed residence sits above its private carport, creating a boutique-retreat feel minutes from South Austin's best coffee shops, breweries, restaurants, and neighborhood favorites.

Step into a light-filled great room with soaring vaulted ceilings and rich engineered wood floors. The designer kitchen — white shaker cabinetry, stainless steel appliances, butcher-block counters, and a tiled backsplash that makes everyday living feel elevated. The open living space flows into a private balcony overlooking mature trees, creating a true treetop-retreat atmosphere. The bathroom delivers boutique-hotel polish with striking black-and-white patterned tile, matte black fixtures, and a glass-enclosed shower finished in moody charcoal tile with a built-in niche. Perched above its private carport with dedicated parking below, this home offers rare separation and privacy. With ZERO monthly HOA fees, you're not paying hundreds each month for amenities and services you may never use. For investors, low carrying costs add to the appeal, while the detached design, private entrance, and South Austin location create flexibility for various ownership strategies. Buyers should independently verify any intended short-term rental use, licensing requirements, and applicable restrictions. Perfect for a first-time homeowner, student, lock-and-leave lifestyle, or investor seeking something different in the Austin market. Modern architecture. Thoughtful finishes. Standalone privacy. ZERO HOA fees. Minutes from it all. This is not your typical studio — and opportunities like this don't come around often.

At $485/sqft, this home is priced 24% above the Austin active market average of $390/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1704-2 REDD None, Austin, TX 78745

Property Details

Price $239,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 493 sqft
Lot Size 0.10 acres (4,181.76 sqft)
Year Built 2025
Garage ,
Stories ,
Type Residential · See Remarks
Subdivision 1704 REDD CONDOMINIUMS
County Travis
Zip Code 78745
$/sqft $485/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool ,
Waterfront ,
New Construction ,
MLS # ACT251035961
List Date October 27, 2026
Elementary School Joslin
Middle School Covington
High School Crockett
School District Austin ISD

Austin ISD

Joslin · Covington · Crockett

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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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
3819 Southway Dr #120
City Scene Apartments 220
$235,000 $379 1 bd / 1 ba 620 sqft , 2026-08-07
4307 S 1st St #108
Pharo Condo
$200,000 $337 1 bd / 1 ba 594 sqft , 2026-08-21
4802 S Congress Ave #215
The Bend Condominium
$299,000 $478 1 bd / 1 ba 625 sqft , 2026-03-27
3204 Menchaca Rd #313
Ivy 78704 Condo Amd The
$169,000 $402 1 bd / 1 ba 420 sqft , 2026-09-04
3204 Manchaca Rd #302
Ivy 78704 Condo Amd The
$165,000 $393 1 bd / 1 ba 420 sqft , 2026-09-18

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
$1,147/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
$47,800
20% conventional investment loan

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

Estimated Gross Rent+$1,147
Principal + Interest−$1,304
Property Tax (assumed ~2.1%)−$418
Insurance (assumed ~0.5%)−$100
Est. Monthly Cash Flow $-675

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 · 41 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. The written content was last updated on November 3, 2026.

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

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