Active Listing  ·  34 days on market

2320 Gracy Farms Ln #821

Austin, TX 78758
$125,000
1 Bed 1 Bath 668 sqft $187/sqft Built 2002 0.09 acres Pool Stoneleigh Condo Amd

Bright & Modern Condo in Prime Location Near Greenbelt Welcome to this beautifully maintained 1-bedroom, 1-bathroom condo offering the perfect blend of comfort, style, and convenience. Nestled among mature trees along a scenic stretch of the Walnut Creek Greenbelt, this home provides a peaceful, nature-filled setting complete with water features, bike trails, and all the benefits of outdoor living—plus it’s a terrific area for dog walking. Inside, you’ll love the thoughtfully designed floorplan, offering both functionality and flow.

The spacious living area is filled with natural light and connects seamlessly to a modern kitchen featuring stainless steel appliances/quartz countertops & custom cabinetry. The oversized bathroom and generous closet space add to the home’s comfort and practicality. Step outside to your private balcony and enjoy tranquil views and fresh air in a serene environment.

This gated community offers outstanding amenities, including onsite management, a fitness center, pool, package room, and even a pool table in the main office for residents to enjoy. Location is truly unbeatable—conveniently situated across the street from Charles Schwab and offering quick access to Mopac and 183. You’re just minutes from The Domain, FC Stadium, ACC North Campus, and there are a wide variety of shopping, dining, and entertainment options. Whether you're Leasing, a first-time buyer, downsizing, or investing, this condo community checks all the boxes, and this Condo is HOT! Don’t miss this opportunity—schedule your showing today!

Please Note - Cabinets are Now White - Updated Photos Coming Soon!

At $187/sqft, this home is 52% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

2320 Gracy Farms Ln #821, Austin, TX 78758

Property Details

Price $125,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 668 sqft
Lot Size 0.09 acres (3,820.21 sqft)
Year Built 2002
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Stoneleigh Condo Amd
County Travis
Zip Code 78758
$/sqft $187/sqft
Days on Market ,
HOA $385/Monthly
Annual Tax Est. $2,730.69
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245222321
List Date September 4, 2026
Elementary School Pillow
Middle School Burnet (Austin ISD)
High School Anderson
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 →

Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · September 4, 2026 $135,000
Current ask $125,000
▼ Reduced $10,000 (-7.4%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
12166 Metric Blvd #257
Edgecreek Condo Amd
$130,000 $198 1 bd / 1 ba 657 sqft , 2026-08-20
12166 METRIC Blvd #1009
Edgecreek Condo Amd
$135,000 $186 1 bd / 1 ba 727 sqft , 2026-08-29
12166 Metric Blvd #239
Edgecreek Condo Amd
$114,000 $204 1 bd / 1 ba 559 sqft , 2026-07-15
2320 Gracy Farms Ln #322
Stoneleigh Condo Amd
$145,000 $183 1 bd / 1 ba 791 sqft , 2026-06-30
12166 Metric Blvd #230
Edgecreek Condo Amd
$95,000 $184 1 bd / 1 ba 516 sqft , 2026-02-04

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
$600/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
$25,000
20% conventional investment loan

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

Estimated Gross Rent+$600
Principal + Interest−$682
Property Tax (~2.1% TX avg)−$219
Insurance (~0.5%)−$52
Est. Monthly Cash Flow $-353

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 October 1, 2026.

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