Active Listing  ·  89 days on market

2605 S 2nd St #2

Austin, TX 78704
$729,000
3 Bed 4 Bath 1,292 sqft $564/sqft Built 2020 0.08 acres 1-Car Garage Pool 2605 South 2nd Street Condominiums

Tucked into one of 78704’s most sought-after pockets, modern living meets the easygoing, established character that makes this part of South Austin so special. Surrounded by mature trees and greenery, this two-story home feels surprisingly private, with some of Austin’s best spots right outside your door. Part of a two unit condo regime with no active HOA or dues, it functions just like a single-family home. Designed by acclaimed local firm Fazio Architects, it feels much larger than its footprint suggests.

Inside, expansive windows bring in natural light and high ceilings keep the living spaces bright and open. The dreamy enclosed sunroom is one of the home’s best features, adding another light-filled living space. The main house includes 2 bedrooms + 2.5 bathrooms, Somfy motorized blinds, and a built-in bar perfect for coffee or cocktails.

Just beyond the main house, a detached 1 bed/1 bath casita adds flexibility that’s hard to find. With its own entrance, full bath, and closet, it’s ideal for guests, working from home, or additional living space, and offers potential for an income-producing short-term rental.

Outside, the fully fenced yard offers space to relax, entertain, or garden, while a built-in dog door adds everyday convenience for pets. A private driveway and carport make coming and going a breeze. Well-loved and maintained by its original owners, the home has fresh interior paint and upgraded landscaping, with an in-ground irrigation system and heat-tolerant plants to keep things green and easy.

Then there’s the location. Walk, bike, or scoot to Austin favorites including Barton Springs, Zilker, Summer Moon Coffee, Show Me Pizza, Phoebe’s Diner, and more, with multiple neighborhood parks nearby. South 1st, South Lamar, South Congress, St. Elmo, and the new H-E-B grocery are all close, with Downtown and the airport just minutes away. Enjoy the best of the city, then come home to a quiet neighborhood that still feels distinctly like Austin.

At $564/sqft, this home is priced 44% above the Austin active market average of $393/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2605 S 2nd St #2, Austin, TX 78704

Property Details

Price $729,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths 1
Living Area 1,292 sqft
Lot Size 0.08 acres (3,650.33 sqft)
Year Built 2020
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision 2605 South 2nd Street Condominiums
County Travis
Zip Code 78704
$/sqft $564/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $14,171.18
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237544701
List Date June 25, 2026
Elementary School Galindo
Middle School Lively
High School Travis
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 25, 2026 $749,000
Current ask $729,000
Reduced $20,000 (-2.7%) 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
804 W Annie St #2
Bouldin
$725,000 $853 2 bd / 2 ba 850 sqft , 2026-07-02
3803 Wilson St
Williamson Add Sec 2 & Resubs
$735,000 $438 3 bd / 3 ba 1,680 sqft , 2026-04-16
1401 Eva St #206
04 Flats Condo Amd
$720,000 $741 2 bd / 2 ba 972 sqft , 2026-09-08
2805 S 5th St
Oak Ridge Heights Sec 03
$715,000 $611 2 bd / 1 ba 1,170 sqft , 2025-10-10
2323 S Lamar Blvd #237
Precision Add
$749,000 $693 2 bd / 2 ba 1,081 sqft , 2026-08-28

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
$3,499/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
$145,800
20% conventional investment loan

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

Estimated Gross Rent+$3,499
Principal + Interest−$3,978
Property Tax (~2.1% TX avg)−$1,276
Insurance (~0.5%)−$304
Est. Monthly Cash Flow $-2,059

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 →