Active Listing  ·  180 days on market

2509 Pearl St #7

Austin, TX 78705
$299,900
2 Bed 2 Bath 895 sqft $335/sqft Built 1985 0.02 acres 1-Car Garage Pool Valencia Condo

Seller will owner finance with only 10% down. Beautifully Updated Condo Near UT currently rented at $2500/ month, fully furnished. Tenant would like to renew if possible.

Fantastic opportunity to own a fully remodeled condo just minutes from the University of Texas. This well-maintained unit is ideal for owner-occupants, students, or investors seeking a strong rental property in a highly desirable location.

Recent upgrades include new flooring, a new interior A/C unit, fresh interior paint throughout, and an updated kitchen backsplash, creating a modern and inviting living space. The condo is thoughtfully designed for comfort and convenience.

Additional features include a Ring doorbell security system and two reserved garage parking spaces, providing added value and peace of mind. With close proximity to campus, dining, shopping, and entertainment, this property offers both lifestyle appeal and excellent investment potential.

Don’t miss this exceptional opportunity to own a turnkey condo in the heart of Austin.

At $335/sqft, this home is 14% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

2509 Pearl St #7, Austin, TX 78705

Property Details

Price $299,900
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 895 sqft
Lot Size 0.02 acres (797.15 sqft)
Year Built 1985
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Valencia Condo
County Travis
Zip Code 78705
$/sqft $335/sqft
Days on Market ,
HOA $326/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT218265266
List Date February 5, 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 · February 5, 2026 $350,000
Previous ask $309,500
Current ask $299,900
Reduced $50,100 (-14.3%) 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
935 La Posada Dr #212
La Costa
$299,900 $286 2 bd / 2 ba 1,050 sqft , 2024-02-09
745 E Oltorf St E #201
Council Ridge Condominia Amd
$299,900 $325 2 bd / 1 ba 923 sqft , 2025-08-22
8604 Dittmar Oaks Dr
Dittmar Crossing
$299,900 $289 3 bd / 1 ba 1,036 sqft , 2026-04-06
4510 Terry-O Ln #210
Station at St Elmo
$299,900 $399 1 bd / 1 ba 752 sqft , 2026-04-13
101 E 33rd St #206
Grooms Add
$299,900 $257 3 bd / 2 ba 1,165 sqft , 2026-05-13

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
$1,440/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
$59,980
20% conventional investment loan

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

Estimated Gross Rent+$1,440
Principal + Interest−$1,637
Property Tax (~2.1% TX avg)−$525
Insurance (~0.5%)−$125
Est. Monthly Cash Flow $-847

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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