Active Listing  ·  112 days on market

2505 Thornton Road Rd #2305

Austin, TX 78704
$385,000
2 Bed 1 Bath 950 sqft $405/sqft Built 2017 3.96 acres Pool Thornton Trails

Welcome to Mirador, a condominium community located in the heart of South Austin's vibrant 78704 zip code. This unique property is a blend of sustainability and modern living providing the perfect balance of urban convenience and authentic Austin charm. Residents enjoy easy access to the bustling South Lamar area, with its trendy boutiques, popular dining options, and lively entertainment scene, while being just minutes away from downtown Austin. Mirador features a variety of thoughtfully designed floor plans, from cozy one-bedroom units to spacious two-bedroom layouts, each crafted with attention to detail and quality finishes. Modern kitchens with stainless steel appliances, quartz countertops, and sleek cabinetry set the stage for culinary adventures, while open-concept living areas provide the perfect space for relaxation and entertaining. This property stands out with unique amenities that include a brand new pickle ball court along with a community lounge and co-working space. The beautifully landscaped grounds offer peaceful outdoor spaces, such as a dog park, BBQ areas, a yoga lawn, and a community garden perfect for enjoying Austin’s sunny weather. Living at Mirador means being part of a dynamic and diverse community, with nearby parks like Zilker Park and Barton Springs, live music venues, and a rich cultural tapestry of South Austin to explore. Whether you’re an outdoor enthusiast, a foodie, or an art lover, Mirador offers endless opportunities for recreation and inspiration. The community prioritizes your peace of mind with secure access, covered parking, and designated parcel delivery areas to ensure a hassle-free living experience. Don’t miss your chance to be part of this exciting new community; schedule a tour today and discover the lifestyle you’ve been dreaming of; We invite you to elevate your perspective. Option to purchase fully furnished!

At $405/sqft, this home is priced 3% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2505 Thornton Road Rd #2305, Austin, TX 78704

Property Details

Price $385,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 950 sqft
Lot Size 3.96 acres (172,715.4 sqft)
Year Built 2017
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Thornton Trails
County Travis
Zip Code 78704
$/sqft $405/sqft
Days on Market ,
HOA $175/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT228734594
List Date May 4, 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.

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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
2505 Thornton Road Rd #3201
Thornton Trails
$385,000 $458 1 bd / 1 ba 840 sqft , 2026-06-23
2525 S Lamar Blvd #206
Spaces 2525 Condo
$385,000 $447 1 bd / 1 ba 861 sqft , 2026-08-21
2216 Thornton Rd #431
Carriage Park Condo
$399,000 $334 1 bd / 1 ba 1,196 sqft , 2026-04-04
2209 S 1st St #231
Bouldin
$399,000 $577 1 bd / 1 ba 692 sqft , 2026-07-13
4004 Banister Ln #115
Mesa Condominiums
$399,000 $325 2 bd / 2 ba 1,227 sqft , 2026-07-22

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
$1,848/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
$77,000
20% conventional investment loan

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

Estimated Gross Rent+$1,848
Principal + Interest−$2,101
Property Tax (~2.1% TX avg)−$674
Insurance (~0.5%)−$160
Est. Monthly Cash Flow $-1,087

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 23, 2026.

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