Active Listing  ·  12 days on market

2802 Catalina Dr #B

Austin, TX 78741
$345,000
2 Bed 1 Bath 905 sqft $381/sqft Built 1978 0.16 acres 1-Car Garage Pool UNT B 2802 CATALINA DRIVE CONDOMINIUMS PLUS 50.0 %

A rare combination of privacy, outdoor living, and central Austin convenience, this mid-century condo lives more like a stand-alone home. Backing to a wooded greenbelt in the Parker Lane area of Southeast Austin, the property offers a peaceful setting while remaining less than four miles from Lady Bird Lake and Downtown Austin.

Inside, the one-story layout features bright living spaces, wood flooring, an updated kitchen, a wood-burning fireplace, and an attached one-car garage. The efficient floor plan maximizes all 905 square feet, creating comfortable everyday living without unnecessary maintenance. The backyard is the standout feature. A private fenced yard includes a wood deck, dedicated fire-pit seating area, and turf lawn, providing usable outdoor space for relaxing, entertaining, or enjoying the greenbelt backdrop. Opportunities to find this level of privacy and outdoor functionality in a centrally located Austin condo are increasingly uncommon.

With convenient access to East Austin dining and entertainment, major transportation corridors, Lady Bird Lake, and Downtown Austin, this property offers a compelling blend of location, character, and livability.

At $381/sqft, this home is 3% 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

2802 Catalina Dr #B, Austin, TX 78741

Property Details

Price $345,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 905 sqft
Lot Size 0.16 acres (7,126.42 sqft)
Year Built 1978
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision UNT B 2802 CATALINA DRIVE CONDOMINIUMS PLUS 50.0 %
County Travis
Zip Code 78741
$/sqft $381/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,378.6
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245689859
List Date September 11, 2026
Elementary School Linder
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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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
2302 East Side Dr #28
Travis Heights Terrace Condomi
$348,500 $362 2 bd / 2 ba 964 sqft , 2026-01-28
2303 East Side Dr #210
Creekside Terrace Condo
$365,000 $330 2 bd / 2 ba 1,105 sqft , 2026-08-26
1904 Cleese Dr
Edgewick Condo
$315,000 $259 2 bd / 2 ba 1,216 sqft , 2026-07-29
835 E Oltorf St
Council Ridge Condominia Amd
$375,000 $341 2 bd / 2 ba 1,101 sqft , 2026-08-26
745 E Oltorf St E #201
Council Ridge Condominia Amd
$299,900 $325 2 bd / 1 ba 923 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
$1,656/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
$69,000
20% conventional investment loan

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

Estimated Gross Rent+$1,656
Principal + Interest−$1,883
Property Tax (~2.1% TX avg)−$604
Insurance (~0.5%)−$144
Est. Monthly Cash Flow $-975

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 14, 2026.

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