About This Home

Property leased through 7/31/26 at $2950/month. Spacious and well-appointed two story 3 bedroom 2.5 bathroom condo in the highly sought after Orange Tree Condominiums, offering an ideal location with a quick commute to both campus and downtown. This thoughtfully designed unit provides ample living space across two levels, making it perfect for comfortable living and entertaining. Includes two reserved parking spaces in the garage for added convenience.

At $360/sqft, this home is 8% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

2529 Rio Grande St #85, Austin, TX 78705

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Property Details

Price $414,900

Status Active Listing

Beds 3

Full Baths 2

Half Baths 1

Living Area 1,152 sqft

Lot Size ,

Year Built 1979

Garage ,

Stories ,

Type Residential · Condominium

Subdivision Orange Tree Condominia Amd

County Travis

Zip Code 78705

$/sqft $360/sqft

Days on Market ,

HOA $351/Monthly

Annual Tax Est. $7,574.96

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT223919718

List Date April 2, 2026

Elementary School Bryker Woods

Middle School Martin

High School Austin

School District ,

Have Questions About This Property?

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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 · April 2, 2026 $424,900

Current ask $414,900

▼ Reduced $10,000 (-2.4%) 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

501 W 26th St #103
Centennial Condo Rev 1997 $415,000 $343 3 bd / 2 ba 1,211 sqft , 2026-05-06

2505 San Gabriel St #304
Texan Tower Condo Amd $415,000 $363 2 bd / 2 ba 1,142 sqft , 2026-08-08

2505 San Gabriel St #609
Texan Tower Condo Amd $414,000 $416 3 bd / 2 ba 995 sqft , 2026-04-15

711 W 26th St #700
Piazza Navona Condo $418,500 $386 2 bd / 2 ba 1,083 sqft , 2026-02-23

2529 Rio Grande St #70
Orange Tree Condominia Amd $419,000 $396 2 bd / 2 ba 1,057 sqft , 2025-08-22

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

$1,992/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

$82,980

20% conventional investment loan

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

Estimated Gross Rent+$1,992

Principal + Interest−$2,264

Property Tax (~2.1% TX avg)−$726

Insurance (~0.5%)−$173

Est. Monthly Cash Flow $-1,171

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

About the Author

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 10, 2026.

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

2529 Rio Grande St #85