Active Listing  ·  6 days on market

2407 S 3rd St #2A

Austin, TX 78704
$995,000
3 Bed 3 Bath 1,568 sqft $635/sqft Built 2026 0.13 acres Pool New Construction Loma Linda

Another travel-inspired creation by Spaller Glover, The Lucien evokes the storybook charm of New Orleans, from its garden-fenced cottages to its courtyard romance. Adjacent to Bouldin Creek in South Austin, it brings that spirit home.

This three-bedroom, two-and-a-half-bath residence pairs deep blue trim and cabinetry with expressive detail. Scroll-cut bargeboards lace the gables, and quatrefoil-topped pointed-arch windows, diamond-cut roof shingles, sculptural corbels and porthole windows animate the façade. Along the sidewalk approach, charming flower beds and ornate white mailboxes are ready to make the mail carrier smile.

Inside, herringbone floors, 10-foot ceilings, paneled walls and ceiling medallions reward a closer look. A fretwork arch frames the kitchen, where marble, warm brass and leaded glass surround a furniture-style island. A sculptural staircase leads to two bedrooms sharing a harlequin-tiled bath with a porthole above the tub. Beneath the gables, the primary suite pairs marble checkerboard flooring with an arched shower opening.

Craftsmanship, romance and individuality, minutes from South Congress, South Lamar and downtown Austin.

At $635/sqft, this home is priced 63% above the Austin active market average of $390/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2407 S 3rd St #2A, Austin, TX 78704

Property Details

Price $995,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,568 sqft
Lot Size 0.13 acres (5,780.41 sqft)
Year Built 2026
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Loma Linda
County Travis
Zip Code 78704
$/sqft $635/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT251721153
List Date November 6, 2026
Elementary School Dawson
Middle School Lively
High School Travis
School District Austin ISD

Austin ISD

Dawson · Lively · Travis

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
2407 S 3rd St #2B
Loma Linda
$995,000 $635 3 bd / 3 ba 1,568 sqft , 2026-11-06
2308 S 2nd St #2
Loma Linda
$1,025,000 $527 3 bd / 3 ba 1,946 sqft , 2026-05-19
2404 Euclid Ave #1
La Prelle Place Ext
$1,025,000 $678 3 bd / 4 ba 1,512 sqft , 2026-10-29
1612 S 3rd St #B
South 03 Street Condo 1612
$955,000 $484 3 bd / 3 ba 1,972 sqft , 2026-09-19
2121 S Congress Ave #226
Travis Heights
$940,000 $639 2 bd / 2 ba 1,471 sqft , 2026-10-30

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
$4,776/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
$199,000
20% conventional investment loan

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

Estimated Gross Rent+$4,776
Principal + Interest−$5,430
Property Tax (assumed ~2.1%)−$1,741
Insurance (assumed ~0.5%)−$415
Est. Monthly Cash Flow $-2,810

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 · 41 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. The written content was last updated on November 11, 2026.

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

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