Active Listing  ·  122 days on market

2216 Thornton Rd #431

Austin, TX 78704
$425,000
1 Bed 1 Bath 1,196 sqft $355/sqft Built 2004 0.07 acres Pool Carriage Park Condo

Located in the heart of 78704, this highly upgraded and spacious condo offers an unbeatable South Austin location at an exceptional value. Fully remodeled and move-in ready, this third-floor end unit features soaring ceilings, abundant natural light, and no neighbors above. The beautifully updated kitchen and bath include quartz countertops, stainless appliances, a gas range, and stylish modern finishes throughout.

One of the standout features is the rare oversized sunroom — a bright and versatile space that dramatically expands the functionality of the condo. Perfect for a home office, second living area, workout space, creative studio, media room, or guest retreat, this flexible bonus area is difficult to find at this price point in 78704. Gated community with pool access, all in one of Austin’s most desirable and walkable locations.

At $355/sqft, this home is 9% 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

2216 Thornton Rd #431, Austin, TX 78704

Property Details

Price $425,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 1,196 sqft
Lot Size 0.07 acres (3,092.76 sqft)
Year Built 2004
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Carriage Park Condo
County Travis
Zip Code 78704
$/sqft $355/sqft
Days on Market ,
HOA $357.96/Monthly
Annual Tax Est. $9,342.8
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT224946327
List Date April 4, 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
641 W 31st 1/2 St
Kings Row Condo
$425,000 $422 2 bd / 2 ba 1,008 sqft , 2026-03-20
1615 E 7th St #208
1615 East 7th Condos
$425,000 $416 1 bd / 1 ba 1,022 sqft , 2026-02-24
3311 Hollywood Ave
University Park
$425,000 $496 1 bd / 1 ba 856 sqft , 2026-02-06
606 W Lynn St #13
West End Condo Amd
$425,000 $456 1 bd / 1 ba 933 sqft , 2026-05-14
7505 Sugar Magnolia St
CRESTVIEW TOWNHOMES
$425,000 $379 2 bd / 3 ba 1,121 sqft , 2026-06-17

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
$2,040/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
$85,000
20% conventional investment loan

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

Estimated Gross Rent+$2,040
Principal + Interest−$2,319
Property Tax (~2.1% TX avg)−$744
Insurance (~0.5%)−$177
Est. Monthly Cash Flow $-1,200

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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