Active Listing  ·  146 days on market

2106 Allwood Dr #D

Austin, TX 78704
$1,670,000
4 Bed 4 Bath 2,966 sqft $563/sqft Built 2019 0.18 acres 2-Car Garage Pool ZILKER RESERVE CONDOMINIUMS

Tucked behind a private drive and gate within an exclusive four-home enclave, this 4-bedroom, 4-bath residence offers a rare blend of privacy and walkability in the heart of 78704. Just moments from Barton Springs and the Zilker Park hike-and-bike trails, Austin’s most iconic outdoor destinations are right outside your door.

Set quietly off the main road, the home captures peaceful treetop and skyline views through expansive windows that flood the interiors with natural light. Soaring ceilings both downstairs and up with a timeless, well-designed floor plan create an airy sense of space, with multiple living areas, generous storage, and a finished two-car garage offering everyday comfort and flexibility.

The main level is designed for effortless living and entertaining, featuring an open kitchen with expansive counters and a large central island, along with a flexible bedroom or study and full bath.

Upstairs, the primary suite offers a true retreat, complete with high ceilings, oversized windows, a spacious walk-in closet with custom built-ins, and a spa-inspired bath with walk-in shower and soaking tub. A private sitting area with fireplace and covered balcony creates a serene space to unwind above the treetops.

Two additional bedrooms, each with access to a full bath, and a secondary living area provide versatile space for guests, work, or relaxation.

Outside, a covered patio and low-maintenance landscaping offer an easy lock-and-leave lifestyle within this intimate gated community. Zoned to Zilker Elementary (just blocks away) and minutes from downtown Austin, you’re also steps from the dining and shopping along South Lamar with convenient access to Austin-Bergstrom International Airport.

A rare opportunity to enjoy privacy, views, and one of Austin’s most coveted locations.

At $563/sqft, this home is priced 44% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2106 Allwood Dr #D, Austin, TX 78704

Property Details

Price $1,670,000
Status Active Listing
Beds 4
Full Baths 4
Half Baths ,
Living Area 2,966 sqft
Lot Size 0.18 acres (7,862.58 sqft)
Year Built 2019
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision ZILKER RESERVE CONDOMINIUMS
County Travis
Zip Code 78704
$/sqft $563/sqft
Days on Market ,
HOA $388/Monthly
Annual Tax Est. $21,631
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT221915929
List Date March 11, 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
708 Sparks Ave
Harris Park Add
$1,665,000 $585 4 bd / 4 ba 2,847 sqft , 2026-02-20
3907 Bailey Ln
Dunn
$1,665,000 $611 4 bd / 4 ba 2,727 sqft , 2026-05-14
2302 E 11th St
Grandview Place
$1,659,000 $691 3 bd / 3 ba 2,400 sqft , 2026-07-25
102 N Lake Hills Dr
Lake Ridge Estates Sec 02
$1,658,888 $509 4 bd / 4 ba 3,256 sqft , 2026-07-20
501 West Ave #1604
Fifth & West Residences
$1,685,000 $839 3 bd / 3 ba 2,009 sqft , 2026-06-19

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
$8,016/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
$334,000
20% conventional investment loan

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

Estimated Gross Rent+$8,016
Principal + Interest−$9,114
Property Tax (~2.1% TX avg)−$2,923
Insurance (~0.5%)−$696
Est. Monthly Cash Flow $-4,717

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 →

Neighborhood Context

About Zilker

Zilker is Austin's outdoor living capital - a neighborhood defined by Barton Springs Pool, 351 acres of Zilker Park, and direct access to the Barton Creek Greenbelt and Lady Bird Lake hike-and-bike trail. It's where Austin's outdoor culture is most concentrated, and it attracts buyers who prioritize lifestyle as much as real estate.

The housing stock is a mix of 1950s to 70s ranch homes - many still with original character - and increasingly, new custom construction replacing the teardown lots that make up a growing share of the market. Entry-level Zilker (smaller older homes, some needing updates) starts around $600K. Renovated homes and new builds run $1M to $3M+.

🏊
Barton Springs Pool

Austin's iconic spring-fed swimming pool - 68°F year-round, free for residents, a short walk from most Zilker addresses. The defining amenity of the neighborhood.

🌳
Zilker Park

351 acres of parkland on the south shore of Lady Bird Lake. Kite Festival, ACL Music Festival, Austin City Limits taping - all happen here. In Zilker, you live next door to all of it.

🚴
Trail Access

Direct access to the 10-mile Lady Bird Lake hike-and-bike trail and the Barton Creek Greenbelt - 12+ miles of natural swimming holes and hiking. Austin's best outdoor infrastructure, right out your door.

📍
Location

5 minutes to downtown, 2 minutes to SoCo, walking distance to some of Austin's best restaurants. Zilker has the location of Central Austin without the price of Tarrytown or Clarksville.

Full Zilker Guide →

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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