Active Listing  ·  74 days on market

1735 Spyglass Dr #112

Austin, TX 78746
$398,500
2 Bed 2 Bath 1,335 sqft $299/sqft Built 1981 0.11 acres 1-Car Garage Pool Habidad Condo Amd

Prime Austin location meets modern comfort in this updated Spyglass condo. Steps from the Barton Creek Greenbelt, this unit features an open living area with fireplace, fresh paint, updated flooring, and private balcony overlooking the treetops. The kitchen shines with new cabinets and countertops, while the primary suite includes a completely updated bath. Additional upgrades include a new HVAC, new patio decking, and an in-unit stackable washer/dryer. A 1-car garage provides secure parking and extra storage. Community pool, ample parking, and unbeatable access to Zilker, downtown, and South Austin hotspots. A rare find in one of the city’s most sought-after pockets. Located just minutes from Lady Bird Lake and other downtown favorites, this home offers unbeatable access to the city’s best dining, shopping, and outdoor recreation. Enjoy community amenities and a low-maintenance lifestyle in one of Austin’s most desirable neighborhoods. Perfect for first-time buyers, investors, or those seeking a lock-and-leave lifestyle in the heart of the city. HOA exterior renovation underway!

At $299/sqft, this home is 24% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1735 Spyglass Dr #112, Austin, TX 78746

Property Details

Price $398,500
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,335 sqft
Lot Size 0.11 acres (4,913.57 sqft)
Year Built 1981
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Habidad Condo Amd
County Travis
Zip Code 78746
$/sqft $299/sqft
Days on Market ,
HOA $653/Monthly
Annual Tax Est. $6,598.29
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT230930952
List Date May 22, 2026
Elementary School Cedar Creek (Eanes ISD)
Middle School Hill Country
High School Westlake
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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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
3809 Spicewood Springs Rd #137
Spicewood Point Twnhms Amd
$398,500 $326 3 bd / 2 ba 1,223 sqft , 2026-04-28
8311 Briarwood Ln
Northtowne Sec 01
$398,000 $288 3 bd / 2 ba 1,383 sqft , 2026-06-23
204 Chippendale Ave
Greenwood Hills Sec 02
$399,000 $334 3 bd / 1 ba 1,196 sqft , 2026-03-29
2612 San Pedro St #112
Treehouse Condominiums
$399,000 $321 3 bd / 2 ba 1,244 sqft , 2026-02-19
11105 Avery Station Loop #25
Northwoods Avery Station Condo
$399,000 $278 2 bd / 3 ba 1,435 sqft , 2026-04-23

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
$1,913/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
$79,700
20% conventional investment loan

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

Estimated Gross Rent+$1,913
Principal + Interest−$2,175
Property Tax (~2.1% TX avg)−$697
Insurance (~0.5%)−$166
Est. Monthly Cash Flow $-1,125

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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