Active Listing  ·  86 days on market

2600 Penny Lane Ln #211

Austin, TX 78757
$180,000
2 Bed 2 Bath 828 sqft $217/sqft Built 1969 0.03 acres Pool Victoria Square Condo

Don't miss this incredible opportunity to own a beautifully updated 2-bedroom, 2-bathroom condo in one of Central Austin's most convenient locations! This move-in ready home features fresh interior paint, brand-new flooring, updated lighting and fixtures, and two completely renovated bathrooms, including a spacious primary suite with a double vanity. Both bedrooms offer generous closet space, and the open-concept floor plan creates a comfortable flow that's perfect for everyday living or entertaining.The kitchen is equipped with all-new stainless steel appliances, and the stackable washer and dryer convey with the property, making this home truly turnkey. Location is everything, and this condo delivers. Just minutes from The Domain, Q2 Stadium, Apple's Parmer Lane campus, The Arboretum, and major employers, you'll enjoy easy access to Mopac, US-183, and Loop 360. Downtown Austin is only about 15 minutes away, while Austin-Bergstrom International Airport is approximately 20 minutes away, making commuting and travel a breeze. You'll also love being just a short walk or bike ride from the vibrant Burnet Road corridor, known for its local restaurants, breweries, coffee shops, retail, fitness studios, and entertainment. Whether you're looking for a primary residence, lock-and-leave lifestyle, or investment opportunity, this updated condo offers outstanding value in an unbeatable Central Austin location.

At $217/sqft, this home is 45% 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

2600 Penny Lane Ln #211, Austin, TX 78757

Property Details

Price $180,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 828 sqft
Lot Size 0.03 acres (1,219.68 sqft)
Year Built 1969
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Victoria Square Condo
County Travis
Zip Code 78757
$/sqft $217/sqft
Days on Market ,
HOA $349/Monthly
Annual Tax Est. $2,796.15
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238021974
List Date June 29, 2026
Elementary School Pillow
Middle School Burnet (Austin ISD)
High School Anderson
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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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 · June 29, 2026 $225,000
Previous ask $199,000
Current ask $180,000
Reduced $45,000 (-20.0%) 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
7685 Northcross Dr #521
The ALLANDALE
$180,000 $277 1 bd / 1 ba 650 sqft , 2026-02-12
7685 Northcross Dr #908
The Allendale
$179,900 $277 1 bd / 1 ba 650 sqft , 2026-09-13
8210 Bent Tree Rd #231
ARBORS THE
$182,000 $288 1 bd / 1 ba 633 sqft , 2026-09-08
7685 Northcross Dr #1006
Allandale The
$189,000 $291 1 bd / 1 ba 650 sqft , 2026-05-12
8888 Tallwood Dr #2109
8888 Tallwood Condo Amd
$189,900 $207 2 bd / 2 ba 916 sqft , 2026-03-07

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
$864/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
$36,000
20% conventional investment loan

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

Estimated Gross Rent+$864
Principal + Interest−$982
Property Tax (~2.1% TX avg)−$315
Insurance (~0.5%)−$75
Est. Monthly Cash Flow $-508

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 September 22, 2026.

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