Active Listing  ·  41 days on market

2502 Leon St #209

Austin, TX 78705
$312,900
2 Bed 2 Bath 929 sqft $337/sqft Built 2007 0.01 acres Pool TEXAN SHOAL CREEK CONDOMINIUMS

PRICED TO SELL – CENTRAL AUSTIN / UT CAMPUS INVESTMENT OPPORTUNITY!

Don’t miss this opportunity to own a 2-bedroom, 2-bath condominium in the highly desirable UT Campus area of Central Austin! Located in an exclusive gated community, this second-floor residence enjoys a relaxing courtyard and pool view along with the rare convenience of TWO gated garage parking spaces.

Inside, you’ll find wood flooring, a functional roommate-friendly 2/2 floor plan, and an in-unit washer and dryer included.

The location is hard to beat—just minutes from The University of Texas, Downtown Austin, and an abundance of shopping, dining, entertainment, and everyday conveniences.

INVESTOR BONUS: A tenant is already in place through July 31, 2027, at $1,895/month, providing immediate rental income from day one.

At $337/sqft, this home is 14% below the Austin active market average of $393/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

2502 Leon St #209, Austin, TX 78705

Property Details

Price $312,900
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 929 sqft
Lot Size 0.01 acres (383.33 sqft)
Year Built 2007
Garage ,
Stories ,
Type Residential · Condominium
Subdivision TEXAN SHOAL CREEK CONDOMINIUMS
County Travis
Zip Code 78705
$/sqft $337/sqft
Days on Market ,
HOA $715.94/Monthly
Annual Tax Est. $7,102
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242301037
List Date August 13, 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.

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 · August 13, 2026 $349,000
Current ask $312,900
Reduced $36,100 (-10.3%) 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
2502 Leon St #315
Texan Shoal Creek
$309,900 $335 2 bd / 2 ba 925 sqft , 2026-08-13
1910 Robbins Pl #301
Robbins Place Condo Amd
$309,500 $303 2 bd / 2 ba 1,020 sqft , 2025-11-18
106 E 30th St E #310
WINDTREE CONDOMINIUMS AMENDED
$309,000 $380 2 bd / 2 ba 814 sqft , 2026-09-16
715 W 22nd 1/2 St #204
Georgian Condo
$319,000 $468 2 bd / 1 ba 682 sqft , 2026-05-05
3115 Helms St #212
Sunchase Condominiums Amended
$319,900 $393 2 bd / 2 ba 815 sqft , 2026-02-05

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
$1,502/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
$62,580
20% conventional investment loan

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

Estimated Gross Rent+$1,502
Principal + Interest−$1,708
Property Tax (~2.1% TX avg)−$548
Insurance (~0.5%)−$130
Est. Monthly Cash Flow $-884

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →
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 September 10, 2026.

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