Active Listing  ·  94 days on market

2705 Halcyon Dr

Austin, TX 78702
$499,000
3 Bed 3 Bath 1,869 sqft $267/sqft Built 2015 0.07 acres 1-Car Garage Pool The Orchard Condominium

Modern, easy, and right at home in East Austin, 2705 Halcyon Dr offers the space, style, and flexibility buyers are looking for. This three-story modern farmhouse condo features 3 bedrooms, 3 baths, and over 1,800 square feet of living space, with great natural light, smart separation of space, and everyday comfort throughout. Inside, wood floors, recessed lighting, granite counters, stainless appliances, a gas cooktop, walk-in closets, and an attached garage bring function into focus.

Community perks include gardens, a fruit orchard, dog park, and outdoor kitchen, while the location puts you minutes from the hike and bike trail, the Boardwalk, Lady Bird Lake, coffee shops, restaurants, bars, shopping, and the best of East Austin. Whether you’re ready to plant roots or looking for a smart investment opportunity, this home offers East Side ease, flexible living, and room to grow.

At $267/sqft, this home is 32% 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

2705 Halcyon Dr, Austin, TX 78702

Property Details

Price $499,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,869 sqft
Lot Size 0.07 acres (3,049.2 sqft)
Year Built 2015
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision The Orchard Condominium
County Travis
Zip Code 78702
$/sqft $267/sqft
Days on Market ,
HOA $246/Monthly
Annual Tax Est. $13,036.95
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT229653980
List Date May 21, 2026
Elementary School Blackshear
Middle School Kealing
High School Eastside Early College
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 · May 21, 2026 $525,000
Current ask $499,000
Reduced $26,000 (-5.0%) 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
2103 E 12th St
Foster
$499,000 $358 4 bd / 3 ba 1,392 sqft , 2025-09-24
1166 Ridgeway Dr
Homewood Heights
$495,000 $396 4 bd / 2 ba 1,250 sqft , 2026-08-19
604 Springdale Rd
Pipkin Add 02
$525,000 $410 3 bd / 2 ba 1,282 sqft , 2026-04-07
911 Calle Limon None #2
Von Rosenberg Gardens
$525,000 $402 2 bd / 3 ba 1,307 sqft , 2026-07-30
3101 Govalle Ave #207
Govalle
$470,000 $322 3 bd / 2 ba 1,459 sqft , 2026-08-14

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
$2,395/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
$99,800
20% conventional investment loan

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

Estimated Gross Rent+$2,395
Principal + Interest−$2,723
Property Tax (~2.1% TX avg)−$873
Insurance (~0.5%)−$208
Est. Monthly Cash Flow $-1,409

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 12, 2026.

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