Active Listing  ·  28 days on market

2000 Lightsey Rd #5

Austin, TX 78704
$285,000
2 Bed 1 Bath 832 sqft $343/sqft Built 1971 0.05 acres Pool 2000 Lightsey Condominiums

Living at 2000 Lightsey Condominiums in 78704 puts you two minutes from South Lamar, where everyday 78704 neighborhood living comes with easy access to South Congress, Matt's El Rancho, Loro, and Radio Coffee & Beer. Tucked along a quiet, tree-shaded street, this two-bedroom, one-bathroom South Lamar condo offers a relaxed setup just minutes from Barton Creek Greenbelt trailheads and Zilker Park. The two-story layout makes great use of space, opening up downstairs with natural light pouring into the living room and flowing right into the kitchen. Fresh paint covers every wall, paired with brand-new vinyl plank flooring across the main floor. The kitchen brings plenty of personality to the space with a fun pop of color on the cabinets, granite countertops, stainless steel appliances, and great storage for cooking essentials. A stacked washer and dryer sits right inside for convenience. Upstairs, you will find both bedrooms with the full bathroom between them. Out back, the kitchen opens straight to a private outdoor space. The backyard comes ready for easy weekend hanging outs, complete with a partially covered deck, low-maintenance turf, container plants, and xeriscaping. Enjoy this space all year round! You also get a large outdoor closet out back for extra storage, plus an assigned parking spot right by your front door. Small 6 unit building complex, and HOA covers the water and gas utilities for all units. Set right in 78704, 2000 Lightsey Condominiums makes getting around town painless, with direct routes to Ben White, Highway 71, Downtown Austin, and the airport. Whether you are grabbing tacos on South First or heading to Lady Bird Lake, this spot gives you a cozy home base right in the middle of South Austin.

At $343/sqft, this home is 13% below the Austin active market average of $393/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

2000 Lightsey Rd #5, Austin, TX 78704

Property Details

Price $285,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 832 sqft
Lot Size 0.05 acres (2,034.25 sqft)
Year Built 1971
Garage ,
Stories ,
Type Residential · Condominium
Subdivision 2000 Lightsey Condominiums
County Travis
Zip Code 78704
$/sqft $343/sqft
Days on Market ,
HOA $390/Monthly
Annual Tax Est. $4,857.6
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT244515977
List Date August 26, 2026
Elementary School Zilker
Middle School O Henry
High School Austin
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
4004 Banister Ln #202
Mesa Condominiums
$280,000 $322 1 bd / 1 ba 870 sqft , 2026-08-24
3801 Menchaca Rd #24
COACHLIGHT CONDOMINIUMS PHS I-III
$280,000 $279 2 bd / 2 ba 1,005 sqft , 2026-09-11
4004 Banister Ln #303
MESA CONDOMINIUMS
$279,000 $321 1 bd / 1 ba 870 sqft , 2026-06-27
3809 Menchaca Rd #C
Coachlight Square
$275,000 $273 2 bd / 2 ba 1,008 sqft , 2026-05-26
2021 Bluebonnet Ln #210
Zilker Condo Amd
$273,000 $357 1 bd / 1 ba 764 sqft , 2026-04-22

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
$1,368/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
$57,000
20% conventional investment loan

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

Estimated Gross Rent+$1,368
Principal + Interest−$1,555
Property Tax (~2.1% TX avg)−$499
Insurance (~0.5%)−$119
Est. Monthly Cash Flow $-805

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 →
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 13, 2026.

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