Active Listing  ·  246 days on market

1840 Burton Dr #208

Austin, TX 78741
$125,000
1 Bed 1 Bath 518 sqft $241/sqft Built 1984 0.03 acres Pool Silverado Condo Amd

Welcome to Silverado Condominiums, where affordable living meets Austin accessibility. This light-filled loft unit features vaulted ceilings, a spiral staircase, and a private balcony. Freshly painted with easy-to-maintain flooring, updated finishes such as stainless steel appliances in the kitchen and a rainfall shower in the bathroom, plus the convenience of in-unit laundry.

Located 5 minutes from downtown and half a mile from Lady Bird Lake trails, you'll have Austin's best parks, nightlife, and restaurants at your doorstep, with H-E-B only one mile away. Quick access to Hwy 71, 183, I-35, and Pleasant Valley makes commuting a breeze whether you're driving, biking, or taking public transit.

Enjoy community amenities including a sparkling pool and a recently added dog park. Great for first-time buyers, students, young professionals, or investors. This is your chance to own the Austin lifestyle at an easy price.

Schedule your private tour today!

At $241/sqft, this home is 39% 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

1840 Burton Dr #208, Austin, TX 78741

Property Details

Price $125,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 518 sqft
Lot Size 0.03 acres (1,393.92 sqft)
Year Built 1984
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Silverado Condo Amd
County Travis
Zip Code 78741
$/sqft $241/sqft
Days on Market ,
HOA $269/Monthly
Annual Tax Est. $4,097
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT215718178
List Date January 20, 2026
Elementary School Sanchez
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.

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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 · January 20, 2026 $145,000
Previous ask $139,000
Current ask $125,000
Reduced $20,000 (-13.8%) 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
2500 Burleson Rd #601
Woodlands 02 Condo
$129,900 $334 1 bd / 1 ba 389 sqft , 2026-01-26
2500 Burleson Rd #703
Woodlands 02 Condo
$118,000 $236 1 bd / 1 ba 499 sqft , 2026-08-15
2500 Burleson Rd #506
Woodlands 02 Condo
$118,000 $236 1 bd / 1 ba 499 sqft , 2026-09-04
2500 Burleson Rd #615
Woodlands 02 Condo
$115,000 $230 1 bd / 1 ba 499 sqft , 2026-02-09
1840 Burton Dr #227
Silverado Condo Amd
$115,000 $248 1 bd / 1 ba 464 sqft , 2026-09-10

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
$600/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
$25,000
20% conventional investment loan

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

Estimated Gross Rent+$600
Principal + Interest−$682
Property Tax (~2.1% TX avg)−$219
Insurance (~0.5%)−$52
Est. Monthly Cash Flow $-353

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 18, 2026.

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