Active Listing  ·  3 days on market

209 Park Ln #A

Austin, TX 78704
$969,900
3 Bed 3 Bath 2,162 sqft $449/sqft Built 2006 1-Car Garage Pool Fairview Park

LOCATION!!! It’s hard to find all of this in the heart of Austin. Only steps from The Continental Club and Home Slice Pizza and only 1.5 miles from the Paramount Theatre, this home puts some of Austin’s most iconic dining, entertainment, and nightlife just minutes away.

You don’t often find this combination in this area: an attached garage, private driveway, over 2000 sq. ft., 3 bedrooms, 2 1/2 baths, and a backyard with a private covered outdoor living area. The only common wall is the kitchen where refrigerator and cabinets are, so no other rooms with shared walls. Inside, concrete and wood flooring complement the home’s urban Austin style, while the generous square footage and outdoor space provide the room and functionality that can be difficult to find this close to downtown. Walkable Austin lifestyle, exceptional space, a garage and a backyard—all in one property!

At $449/sqft, this home is priced 15% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

209 Park Ln #A, Austin, TX 78704

Property Details

Price $969,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,162 sqft
Lot Size ,
Year Built 2006
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Fairview Park
County Travis
Zip Code 78704
$/sqft $449/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT236440323
List Date August 21, 2026
Elementary School Travis Hts
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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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
708 W Elizabeth St
South Heights
$950,000 $568 3 bd / 2 ba 1,674 sqft , 2026-04-29
1600 Barton Springs Rd #5406
Bartonplace Condo
$990,000 $620 2 bd / 3 ba 1,597 sqft , 2026-06-05
613 W Annie St #A
613 West Annie Street Condomin
$995,000 $639 2 bd / 3 ba 1,556 sqft , 2026-05-13
2003 Wilson St #1
J Bouldin Residences
$995,000 $492 2 bd / 3 ba 2,024 sqft , 2026-06-17
1325 Bonham Ter #C
Travis Heights
$999,900 $557 3 bd / 3 ba 1,794 sqft , 2026-04-03

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
$4,656/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
$193,980
20% conventional investment loan

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

Estimated Gross Rent+$4,656
Principal + Interest−$5,293
Property Tax (~2.1% TX avg)−$1,697
Insurance (~0.5%)−$404
Est. Monthly Cash Flow $-2,738

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 24, 2026.

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