Active Listing  ·  104 days on market

2000 Millay Dr

Austin, TX 78752
$255,000
3 Bed 3 Bath 1,822 sqft $140/sqft Built 1977 0.13 acres Pool Old Town Condo Rev 1998

$40,000 DPA credit for buyers with lender as well as title policy paid by lender for buyers.. Check out this adorable condo, entire interior is now neutral colors, Discover exceptional value in the heart of Austin as one of the largest per sq ft in area with this spacious three-bedroom end-unit condo, perfectly positioned in a quiet, centrally located community. Offering one of the best price-per-square-foot opportunities in Austin, this light-filled home is move-in ready and waiting for its next owner. Step inside to a generous living and dining area highlighted by updated flooring and a skylight that floods the space with natural light, creating a warm and inviting atmosphere. The thoughtfully designed layout flows seamlessly into a well-appointed kitchen featuring appliances, ample cabinetry, and a cozy breakfast area - ideal for both everyday living and entertaining. A convenient half bath on the main level adds to the home’s functionality. Upstairs, you’ll find a loft (2nd living area ) 2 spacious bedrooms and one full bath. The primary bedroom suite on 1st level serves as a private retreat, complete with an oversized closet, and a tastefully renovated en-suite bathroom. Enjoy the added benefit of an oversized private patio - perfect for outdoor dining, relaxing, or entertaining - along with a dedicated exterior storage closet that provides valuable extra space rarely found in condo living. This unit comes with two dedicated covered parking spaces and there is ample guest parking throughout the community. Nestled within the desirable Old Town community, this condo offers the perfect blend of tranquility and accessibility. A corner unit facing tennis courts and picnic shaded area to enjoy. Easy access to the University of Texas, downtown Austin, and major highways, making commuting and city living effortless. Residents also enjoy fantastic amenities including a swimming pool and tennis courts which are also lined for pickleball.

At $140/sqft, this home is 64% 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

2000 Millay Dr, Austin, TX 78752

Property Details

Price $255,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,822 sqft
Lot Size 0.13 acres (5,706.36 sqft)
Year Built 1977
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Old Town Condo Rev 1998
County Travis
Zip Code 78752
$/sqft $140/sqft
Days on Market ,
HOA $485/Monthly
Annual Tax Est. $5,111
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT226922198
List Date April 22, 2026
Elementary School Andrews
Middle School Webb
High School Northeast Early College
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
1101 E Parmer Ln #318
Bella Terra Condo Amd
$255,000 $177 2 bd / 3 ba 1,441 sqft , 2026-01-22
3209 Etheredge Dr
Austins Colony Ph 05 Sec 02
$255,000 $168 4 bd / 2 ba 1,522 sqft , 2026-07-23
1310 Parmer Ln #1902
SCOFIELD VILLAS CONDOMINIUMS
$254,900 $191 2 bd / 3 ba 1,334 sqft , 2026-06-05
2632 Century Park Blvd #41
Century Park Condominium
$254,000 $164 2 bd / 3 ba 1,553 sqft , 2026-04-22
4603 Halliday Ave
Austins Colony Sec 6A
$257,500 $208 4 bd / 2 ba 1,236 sqft , 2026-05-01

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
$1,224/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
$51,000
20% conventional investment loan

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

Estimated Gross Rent+$1,224
Principal + Interest−$1,392
Property Tax (~2.1% TX avg)−$446
Insurance (~0.5%)−$106
Est. Monthly Cash Flow $-720

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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