Active Listing  ·  81 days on market

2500 Longview St #318

Austin, TX 78705
$485,000
2 Bed 2 Bath 1,010 sqft $480/sqft Built 2021 0.01 acres 2-Car Garage Pool Cascade Condos

Experience elevated Central Austin living at Cascade Condominiums, a newer upscale community built in 2021 and ideally positioned between Pease Park, Downtown Austin, and the University of Texas campus. This thoughtfully designed 2-bedroom, 2-bath residence offers the rare combination of modern construction, exceptional walkability, peaceful surroundings, and resort-style amenities in one of Austin’s most dynamic neighborhoods. Inside, the open-concept floor plan is filled with natural light and designed for comfortable everyday living with a clean contemporary aesthetic and effortless flow between the kitchen, dining, and living spaces. The current owners describe the condo as surprisingly quiet, creating a sense of calm and privacy rarely found in such a central location. The unit also includes two reserved tandem parking spaces (#21 and #22) in the secured gated garage — an incredible convenience for urban living. Cascade was designed to deliver a true lifestyle experience with amenities that rival many luxury high-rises, including a resort-style pool with sundeck, grilling and lounge patios, fitness center, work lounge/co-working spaces, fenced dog park, putting green, secure garage parking, and an expansive rooftop terrace with sweeping Downtown Austin skyline views. One of the community’s most unique advantages is its direct proximity to Pease Park, one of Austin’s most beloved green spaces stretching along Shoal Creek just across the street. Miles of hike-and-bike trails, towering trees, open lawns, picnic areas, and Kingsbury Commons create an incredible outdoor extension of the neighborhood right outside your door. The location places you in the center of everything that makes Austin special. Minutes to UT campus, coffee shops, fitness studios, neighborhood bars, and some of Central Austin’s favorite dining destinations such as Tiny Boxwoods, Taco Flats, Medici Roasting, Jeffrey’s, Josephine House, Better Half, and more!

At $480/sqft, this home is priced 23% 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

2500 Longview St #318, Austin, TX 78705

Property Details

Price $485,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,010 sqft
Lot Size 0.01 acres (418.18 sqft)
Year Built 2021
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Cascade Condos
County Travis
Zip Code 78705
$/sqft $480/sqft
Days on Market ,
HOA $496.74/Monthly
Annual Tax Est. $9,459.65
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT231455826
List Date June 3, 2026
Elementary School Bryker Woods
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.

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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
1801 Lavaca St #5D
Cambridge Condo Amd
$485,000 $408 1 bd / 1 ba 1,189 sqft , 2026-01-07
2500 Longview St #418
The Cascade Condominiums
$489,000 $484 2 bd / 2 ba 1,010 sqft , 2026-01-26
510 W 18TH St #113
CHESTNUT SQUARE CONDOMINIUM
$489,999 $499 1 bd / 2 ba 981 sqft , 2026-03-25
1801 Lavaca St #3M
Cambridge Condo Amd
$479,000 $525 2 bd / 2 ba 912 sqft , 2026-03-31
2500 Longview St #302
Cascade Condominiums
$494,900 $426 2 bd / 2 ba 1,161 sqft , 2026-07-02

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
$2,328/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
$97,000
20% conventional investment loan

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

Estimated Gross Rent+$2,328
Principal + Interest−$2,647
Property Tax (~2.1% TX avg)−$849
Insurance (~0.5%)−$202
Est. Monthly Cash Flow $-1,370

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 August 11, 2026.

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