Active Listing  ·  3 days on market

2822 Wooldridge Dr #B

Austin, TX 78703
$840,000
2 Bed 3 Bath 1,460 sqft $575/sqft Built 2012 0.08 acres 1-Car Garage Pool Pemberton Heights

Located in the highly sought-after Pemberton Heights neighborhood, this contemporary townhome offers the perfect blend of modern design, comfort, and convenience. Built in 2012, this thoughtfully designed residence features 2 spacious bedroom suites on the upper level, creating a private retreat away from the main living spaces. The striking modern exterior welcomes you inside to light-filled interiors highlighted by soaring ceilings, expansive windows, and seamless indoor-outdoor living. Handsome cabinetry anchors the main living spaces, lending itself to flexible living and smart storage. The inviting dining area opens directly to a private courtyard patio through oversized sliding glass doors, making it ideal for entertaining, al fresco dining, or enjoying a quiet morning coffee. Outside, the fenced courtyard provides a low-maintenance outdoor oasis with ample space for gathering with friends and family. The home's clean architectural lines, contemporary finishes, and functional layout offer both style and practicality. Additional features include a one-car garage, modern construction, and an exceptional location just minutes from downtown Austin, neighborhood parks, restaurants, and shopping. Enjoy the charm of Pemberton Heights with the convenience of lock-and-leave living in one of Austin's most desirable communities.

At $575/sqft, this home is priced 47% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2822 Wooldridge Dr #B, Austin, TX 78703

Property Details

Price $840,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths 1
Living Area 1,460 sqft
Lot Size 0.08 acres (3,354.12 sqft)
Year Built 2012
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Pemberton Heights
County Travis
Zip Code 78703
$/sqft $575/sqft
Days on Market ,
HOA $1,455/Annually
Annual Tax Est. $7,095
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT248498229
List Date October 5, 2026
Elementary School Casis
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.

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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
1806 Mohle Dr
Brykerwoods C
$850,000 $842 2 bd / 1 ba 1,009 sqft , 2026-10-05
2410 Dormarion Ln
Tarry Town 05
$869,000 $574 2 bd / 2 ba 1,513 sqft , 2026-09-30
2810 Windsor Rd
Tarry Town 05
$890,000 $860 2 bd / 1 ba 1,035 sqft , 2026-09-11
1807 W 38th St
Oakmont Heights
$750,000 $646 3 bd / 2 ba 1,161 sqft , 2026-08-07
1017 W 31st St
Jones & Sedwick
$725,000 $525 2 bd / 2 ba 1,380 sqft , 2025-08-20

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
$4,032/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
$168,000
20% conventional investment loan

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

Estimated Gross Rent+$4,032
Principal + Interest−$4,584
Property Tax (~2.1% TX avg)−$1,470
Insurance (~0.5%)−$350
Est. Monthly Cash Flow $-2,372

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 October 6, 2026.

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