Active Listing  ·  56 days on market

1931 E 38th 1/2 St #62

Austin, TX 78723
$600,000
3 Bed 3 Bath 1,650 sqft $364/sqft Built 2016 0.06 acres 2-Car Garage Pool Avion Park Condos

**Modern End Unit Condo with Stylish Finishes in Desirable Austin Location Just South of Mueller**

Welcome to 1931 E 38th 1/2 St, a stunning 3-bedroom, 2.5-bathroom condo offering 1,650 square feet of contemporary living. Designed for both comfort and style, this attached row house exudes sophistication with its thoughtful layout and premium details.

The open-concept main living area boasts beautiful concrete and hardwood floors, creating a sleek, modern vibe throughout the space. Recessed lighting highlights the clean architectural lines and spacious design, while the private yard provides your own outdoor retreat.

The chef-inspired kitchen is complete with a breakfast bar, gas stove, and stainless steel appliances—perfect for everyday meals and hosting gatherings. Upstairs, you'll find the serene primary retreat featuring a walk-in closet and luxurious ensuite bath, which includes separate vanities, a large soaking tub, and a separate shower for ultimate relaxation. Two additional bedrooms and a convenient half-bath provide versatility and functionality.

This meticulously designed home is the perfect combination of modern luxury and convenience.

Enjoy your own private yard space with a patio deck, turfed lawn, & private gated access to a large, fenced-in green space. Amazing views of the sunset from the windows on the west side of the home. View of the UT Tower from the owner's suite.

HOA Fees cover common area maintenance, water, and sewer. Avion Park condos offers a community green space, gardens, and a dog park. Extremely walkable. Cross the street to Southwest Greenway and Lake Mueller Park! Great for evening strolls, walking the dogs, outdoor fitness, and hanging out. Just 4 miles to Downtown Austin and 7 miles to ABIA.

At $364/sqft, this home is 7% 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

1931 E 38th 1/2 St #62, Austin, TX 78723

Property Details

Price $600,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,650 sqft
Lot Size 0.06 acres (2,539.55 sqft)
Year Built 2016
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Avion Park Condos
County Travis
Zip Code 78723
$/sqft $364/sqft
Days on Market ,
HOA $353/Monthly
Annual Tax Est. $11,238.82
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT230959944
List Date June 9, 2026
Elementary School Maplewood
Middle School Kealing
High School McCallum
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.

Schedule a Call →

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
2818 E 22nd St #2
Austin Heights
$600,000 $311 3 bd / 3 ba 1,930 sqft , 2026-01-07
6108 Bridlington Cir
Cherry Creek Ph 06 Sec 02 Amd
$600,000 $387 3 bd / 2 ba 1,552 sqft , 2026-04-10
6205 Caddie St #1
Addie Condo
$600,000 $333 3 bd / 3 ba 1,801 sqft , 2026-05-02
5106 Spruce Cv
Peppertree Park Sec 02
$600,000 $323 4 bd / 2 ba 1,860 sqft , 2026-05-27
15924 Stewart Rd
ABS 2453 SUR 84 STEWART B K ACR .880
$600,000 $480 3 bd / 2 ba 1,250 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
$2,880/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
$120,000
20% conventional investment loan

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

Estimated Gross Rent+$2,880
Principal + Interest−$3,274
Property Tax (~2.1% TX avg)−$1,050
Insurance (~0.5%)−$250
Est. Monthly Cash Flow $-1,694

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →