Active Listing  ·  33 days on market

2301 Bluebonnet Ln #4

Austin, TX 78704
$875,000
3 Bed 4 Bath 2,162 sqft $405/sqft Built 2015 0.06 acres 2-Car Garage Pool Bluebonnet Lane Cityhomes Condo

Sleek and modern stand alone condo in the heart of 78704 topped by an amazing large roof top deck with downtown skyline views! Beautiful 3 bed, 3.5 bath perfect for a lock and leave. European floor plan. One secondary ensuite on the main floor, the second floor is all communal area (open concept kitchen living area) small office nook, balcony off the front. Primary and the third secondary bedroom are on the third floor along with laundry. Roof top deck with uninterrupted city lights views! Enjoy all of Zilker living, SO close to local favorites and quick access to the park, the Barton Creek Greenbelt, Alamo Drafthouse Cinema, plus countless shops, restaurants, and coffee spots, you’re perfectly positioned to enjoy the vibrant 78704 lifestyle with a low maintenance home.

At $405/sqft, this home is priced 4% 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

2301 Bluebonnet Ln #4, Austin, TX 78704

Property Details

Price $875,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths 1
Living Area 2,162 sqft
Lot Size 0.06 acres (2,631.02 sqft)
Year Built 2015
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Bluebonnet Lane Cityhomes Condo
County Travis
Zip Code 78704
$/sqft $405/sqft
Days on Market ,
HOA $225/Monthly
Annual Tax Est. $13,220.54
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238477442
List Date July 2, 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
7705 Shelton Rd
Burleson
$875,000 $518 3 bd / 2 ba 1,689 sqft , 2026-01-08
3905 Vantage Dr
The Grove
$875,000 $408 4 bd / 4 ba 2,144 sqft , 2026-03-03
3500 Harmon Ave #7
Austin Modern Lofts Condos
$875,000 $429 3 bd / 4 ba 2,040 sqft , 2026-04-30
603 Anfield Cir
Lakeway Highlands Ph 2 Sec 3
$875,000 $330 4 bd / 3 ba 2,648 sqft , 2026-05-04
3814 Ridgelea Dr #A
Ridgelea Court
$875,000 $438 3 bd / 3 ba 2,000 sqft , 2026-05-22

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
$4,200/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
$175,000
20% conventional investment loan

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

Estimated Gross Rent+$4,200
Principal + Interest−$4,775
Property Tax (~2.1% TX avg)−$1,531
Insurance (~0.5%)−$365
Est. Monthly Cash Flow $-2,471

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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