Active Listing  ·  89 days on market

1741 Spyglass Dr #1-127

Austin, TX 78746
$380,000
2 Bed 2 Bath 894 sqft $425/sqft Built 1985 0.07 acres Pool One Barton Place Condo

Just 5 miles south of Downtown, in the renowned Eanes ISD, this first-floor condo at One Barton Springs puts you in a spot that feels almost unfair. You’re close to Barton Springs, Zilker Park, UT, major highways, Trader Joe’s on Bee Cave, and ABIA, yet the moment you step inside, the pace shifts. This 2-bedroom, 2-bath single-level unit feels tucked into the trees, with a private balcony overlooking the Barton Creek Greenbelt and panoramic views that feel more treehouse than condo. Inside, the open living area has warmth and character, with wood flooring, a fireplace, built-in bookshelves, a wet bar, and sliding doors that pull your eye straight out to the greenbelt. The kitchen opens to the main living space, while the bedrooms offer comfortable separation and flexibility for guests or a home office. Gated entry and a reserved carport space add everyday ease and peace of mind, while community amenities like the pool, spa, shared garden, and putting green give you even more ways to enjoy life close to home. The HOA also covers water, trash, recycling, pest control, and sewer, keeping ownership a little simpler. The location is what makes this one hard to ignore. Walk to the Spyglass Trailhead at Barton Creek Preserve, Taco Deli, Rosy’s Grocer & Coffee, and the Capital Metro stop at Spyglass and Barton Skyway. The Eanes ISD bus picks up right outside the gate, a major perk for parents. It works beautifully as a full-time home, a quiet city retreat, or a smart investment in a hard-to-repeat location, delivering the Austin lifestyle people keep trying to find, wrapped in greenbelt views.

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At $425/sqft, this home is priced 9% 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

1741 Spyglass Dr #1-127, Austin, TX 78746

Property Details

Price $380,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 894 sqft
Lot Size 0.07 acres (2,874.96 sqft)
Year Built 1985
Garage ,
Stories ,
Type Residential · Condominium
Subdivision One Barton Place Condo
County Travis
Zip Code 78746
$/sqft $425/sqft
Days on Market ,
HOA $543/Monthly
Annual Tax Est. $6,727.7
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT228583518
List Date May 7, 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
5003 Heflin Ln
Flournoy & Jones 04 Sec 01
$380,000 $528 2 bd / 1 ba 720 sqft , 2026-03-08
2508 Enfield Rd #8
Enfield Challenge Condo
$380,000 $391 2 bd / 3 ba 971 sqft , 2026-04-23
6409 Del Monte Rd
Mohle Add
$380,000 $427 2 bd / 1 ba 890 sqft , 2026-06-09
800 Brazos St #1105
Brazos Place Condo Amd
$380,000 $426 1 bd / 1 ba 891 sqft , 2026-07-08
2529 Rio Grande St #78
Orange Tree Condominiums
$380,000 $360 2 bd / 2 ba 1,055 sqft , 2026-07-22

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
$1,824/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
$76,000
20% conventional investment loan

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

Estimated Gross Rent+$1,824
Principal + Interest−$2,074
Property Tax (~2.1% TX avg)−$665
Insurance (~0.5%)−$158
Est. Monthly Cash Flow $-1,073

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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