Active Listing  ·  84 days on market

2909 E 3rd St #2

Austin, TX 78702
$775,000
3 Bed 3 Bath 1,820 sqft $426/sqft Built 2020 0.16 acres 1-Car Garage Pool Div B Pannell Place

Privacy, walkability, and quality of build intersect in this timelessly-designed Eastside modern dwelling. Located on the back-side of the lot with a spacious and private turfed-in backyard, this spacious 3 bedroom features soaring ceilings, upstairs loft space, a 1-car garage, and classy modern finishes throughout. Walk to the Town Lake Trail's new butterfly bridge within 5 minutes, as well as countless bars and restaurants such as Intero, Dainty Dillo, Kemuri Tatsu-Ya, and many more. Easy access to hwy 183 to get around town seamlessly. No HOA dues with smaller front house. Built by a prolific Austin urban core builder known for quality and precision, this well-insulated Eastside gem needs to be seen in person. Book a tour before it's gone.

At $426/sqft, this home is priced 9% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2909 E 3rd St #2, Austin, TX 78702

Property Details

Price $775,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,820 sqft
Lot Size 0.16 acres (6,786.65 sqft)
Year Built 2020
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Div B Pannell Place
County Travis
Zip Code 78702
$/sqft $426/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT229258731
List Date May 12, 2026
Elementary School Brooke
Middle School Martin
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.

Schedule a Call →

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 12, 2026 $815,000
Previous ask $789,000
Current ask $775,000
Reduced $40,000 (-4.9%) 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
8910 Spicebrush Dr
Great Hills Sec 25
$775,000 $362 3 bd / 3 ba 2,139 sqft , 2026-05-08
2013 Peoples St
James R Shannons Resub
$775,000 $501 3 bd / 3 ba 1,548 sqft , 2026-06-05
5004 Pack Saddle Pass
Western Trails Sec 08
$775,000 $331 4 bd / 3 ba 2,342 sqft , 2026-07-09
5005 Buffalo Pass
Western Trails Estates
$775,000 $379 4 bd / 2 ba 2,044 sqft , 2026-07-16
1819 Village Oak Ct
Del Curto Place
$775,000 $423 3 bd / 3 ba 1,830 sqft , 2026-07-16

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
$3,720/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
$155,000
20% conventional investment loan

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

Estimated Gross Rent+$3,720
Principal + Interest−$4,229
Property Tax (~2.1% TX avg)−$1,356
Insurance (~0.5%)−$323
Est. Monthly Cash Flow $-2,188

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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