Active Listing  ·  56 days on market

1904 Cleese Dr

Austin, TX 78741
$315,000
2 Bed 2 Bath 1,216 sqft $259/sqft Built 2015 0.09 acres 1-Car Garage Pool Edgewick Condo

Charming standalone condo with no shared walls, offering the privacy of a detached home with the ease of low-maintenance living. Located in the highly sought-after gated Edgewick Condominiums, this modern home is just over a mile from downtown Austin and adjacent to Mabel Davis Park, with incredible access to the airport, hike-and-bike trails, breweries, restaurants, and everything Central Austin has to offer. Enjoy alley access to the one-car garage plus additional parking for multiple vehicles. Inside, the open-concept floor plan features spacious living, dining, and kitchen areas with soaring ceilings, polished concrete floors, recessed lighting, ceiling fans, and abundant natural light. The well-appointed kitchen includes quartz countertops, stainless steel appliances, a gas range, pantry, breakfast bar seating, and a built-in wine fridge. The flexible floor plan offers one bedroom and a full bath on the main level, while upstairs you’ll find a spacious primary suite with a walk-in closet, dual vanity, and a built-in desk that’s perfect for working from home. Step outside to the fully fenced backyard, ideal for relaxing or giving your furry friends room to play. Community amenities include a swimming pool, dog park, and secure gated entry. The HOA covers front yard maintenance, sprinkler system maintenance, exterior insurance, and common area upkeep, making this an ideal lock-and-leave home.

At $259/sqft, this home is 34% 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

1904 Cleese Dr, Austin, TX 78741

Property Details

Price $315,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,216 sqft
Lot Size 0.09 acres (3,776.65 sqft)
Year Built 2015
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Edgewick Condo
County Travis
Zip Code 78741
$/sqft $259/sqft
Days on Market ,
HOA $366/Monthly
Annual Tax Est. $5,918.21
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241169201
List Date July 29, 2026
Elementary School Linder
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 · July 29, 2026 $325,000
Previous ask $319,000
Current ask $315,000
Reduced $10,000 (-3.1%) 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
2001 Tramson Dr
Edgewick
$319,000 $215 3 bd / 3 ba 1,483 sqft , 2026-07-31
2009 Iroquois Ln #B
East Riverside - Oltorf
$325,000 $224 2 bd / 3 ba 1,450 sqft , 2026-03-17
2605 Witsome Loop #40 C
Edgewick Condo
$325,000 $218 2 bd / 3 ba 1,490 sqft , 2026-07-18
909 E Oltorf St #201
Council Ridge Condominia Amd
$325,000 $252 3 bd / 2 ba 1,288 sqft , 2026-09-17
2215 Post Rd #1039
Travis Oaks Condo Amd
$329,000 $350 2 bd / 3 ba 941 sqft , 2026-09-01

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
$1,512/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
$63,000
20% conventional investment loan

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

Estimated Gross Rent+$1,512
Principal + Interest−$1,719
Property Tax (~2.1% TX avg)−$551
Insurance (~0.5%)−$131
Est. Monthly Cash Flow $-889

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 September 15, 2026.

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