Active Listing  ·  86 days on market

2708 San Pedro St #301

Austin, TX 78705
$475,000
3 Bed 2 Bath 1,285 sqft $370/sqft Built 2012 0.03 acres 1-Car Garage Pool San Pedro Flats

Built in 2012, San Pedro Flats is one of the newest construction condo buildings in the UT West campus neighborhood. This building only has 10 units total, so it offers a level of privacy that most condo buildings cannot. Unit 301 is a top floor corner unit that offers tons of natural light and no adjacent units share a wall making this unit very private. The condo is already leased to tenants until July 31st 2027 for $2,700 per month, so this would be the perfect condo for an investor or someone who wants to establish Texas Residency this year while living in the dorms. To schedule a viewing, contact the Gill Cave Group today.

At $370/sqft, this home is 5% 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

2708 San Pedro St #301, Austin, TX 78705

Property Details

Price $475,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,285 sqft
Lot Size 0.03 acres (1,481.04 sqft)
Year Built 2012
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision San Pedro Flats
County Travis
Zip Code 78705
$/sqft $370/sqft
Days on Market ,
HOA $419/Monthly
Annual Tax Est. $8,074.76
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT231869185
List Date May 29, 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 →

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
1801 Lavaca St #4K
Cambridge Condo Amd
$474,900 $406 2 bd / 2 ba 1,169 sqft , 2026-07-09
1801 Lavaca St #3M
Cambridge Condo Amd
$479,000 $525 2 bd / 2 ba 912 sqft , 2026-03-31
2500 Longview St #318
Cascade Condos
$485,000 $480 2 bd / 2 ba 1,010 sqft , 2026-06-03
2500 Longview St #418
The Cascade Condominiums
$489,000 $484 2 bd / 2 ba 1,010 sqft , 2026-01-26
910 W 25th St #507
Galileo At 25 Condo
$460,000 $440 2 bd / 2 ba 1,045 sqft , 2026-05-02

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
$2,280/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
$95,000
20% conventional investment loan

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

Estimated Gross Rent+$2,280
Principal + Interest−$2,592
Property Tax (~2.1% TX avg)−$831
Insurance (~0.5%)−$198
Est. Monthly Cash Flow $-1,341

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 July 14, 2026.

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