Active Listing  ·  81 days on market

1709 Perez St #2

Austin, TX 78721
$490,000
2 Bed 3 Bath 1,093 sqft $448/sqft Built 2018 0.09 acres 1-Car Garage Pool 1709 Perez Condos

Rare opportunity to own a thoughtfully designed East Austin home. Built in 2018, this 2-bedroom, 2.5-bath residence sits on an oversized 8,1456 sq ft lot shaded by mature trees and offers a unique combination of lifestyle, flexibility, and efficiency. Enjoy a spacious fenced backyard with low-maintenance turf, an outdoor deck ideal for entertaining, washer and dryer included, owned solar panels with no lease to assume, and a hardwired Tesla EV charger. Previously operated as a successful furnished midterm rental, the property offers versatility as a primary residence, lock-and-leave home, or investment opportunity. Convenient East Austin location with easy access to downtown, dining, entertainment, and major employers. Move-in ready and designed for easy living.

At $448/sqft, this home is priced 15% 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

1709 Perez St #2, Austin, TX 78721

Property Details

Price $490,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths 1
Living Area 1,093 sqft
Lot Size 0.09 acres (4,112.06 sqft)
Year Built 2018
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision 1709 Perez Condos
County Travis
Zip Code 78721
$/sqft $448/sqft
Days on Market ,
HOA $35/Monthly
Annual Tax Est. $10,774.8
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT232478790
List Date June 3, 2026
Elementary School Norman-Sims
Middle School Garcia
High School Northeast Early College
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 · June 3, 2026 $519,000
Previous ask $499,000
Current ask $490,000
Reduced $29,000 (-5.6%) 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
5305 Ledesma Rd #4
CASA AVILA
$490,000 $445 2 bd / 3 ba 1,100 sqft , 2026-06-23
1403 Clifford Ave
Lesikar
$489,000 $466 3 bd / 1 ba 1,050 sqft , 2026-06-19
1120 Spur St
Pecan Valley
$492,500 $395 3 bd / 2 ba 1,248 sqft , 2026-04-17
1140 Webberville Rd #9
Ashton East Condominium Townhomes
$499,000 $424 2 bd / 3 ba 1,178 sqft , 2026-06-25
3406 E Martin Luther King Jr Blvd
Manor Road Add
$499,000 $342 3 bd / 2 ba 1,459 sqft , 2026-07-08

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
$2,352/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
$98,000
20% conventional investment loan

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

Estimated Gross Rent+$2,352
Principal + Interest−$2,674
Property Tax (~2.1% TX avg)−$858
Insurance (~0.5%)−$204
Est. Monthly Cash Flow $-1,384

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 19, 2026.

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