Active Listing  ·  207 days on market

2913 Cherry Ln #A

Austin, TX 78703
$1,340,000
3 Bed 3 Bath 1,906 sqft $703/sqft Built 2006 0.09 acres 2-Car Garage Pool Cherry Lane City Homes Condo

Set beneath a canopy of mature trees on one of Tarrytown's most iconic streets, this exceptional stone and stucco residence blends timeless architecture with sophisticated modern living. With the feel of a newly constructed single-family home, every detail has been thoughtfully curated to deliver both elegance and ease. The open-concept main level features soaring ceilings, rich hardwood flooring, and abundant natural light. A striking mosaic-tile fireplace anchors the living area, while the kitchen is a designers dream outfitted with premium stainless steel appliances, a Wolf gas range, custom cabinetry with double uppers, and a dramatic waterfall-edge island topped with a Kallista sink and fixture. Anne Sacks tile adds elevated texture to the backsplash and utility room, underscoring the high design sensibility throughout. Upstairs, the primary suite offers a peaceful escape with a private balcony, oversized proportions, and a beautifully updated ensuite bath with dual vanities and an expansive walk-in shower. Two additional bedrooms with hardwood floors and a stylish secondary bath provide flexibility for family, guests, or work-from-home needs. The attached two-car garage featuring a wood-paneled door and commercial-grade epoxy floor is the only shared wall, ensuring privacy and a true single-family feel. French doors open to a landscaped outdoor sanctuary with custom concrete and steel detailing, a pergola-shaded deck, and architecturally designed fencing that combines metal and water-jetted concrete for a one-of-a-kind backyard retreat. Located just minutes from downtown Austin, Lady Bird Lake, and the best of Central Austin, this home is a rare opportunity to live beautifully in one of the city's most coveted neighborhoods. Designer furnishings are available for purchase, allowing for a truly turnkey experience.

At $703/sqft, this home is priced 80% 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

2913 Cherry Ln #A, Austin, TX 78703

Property Details

Price $1,340,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,906 sqft
Lot Size 0.09 acres (4,051.08 sqft)
Year Built 2006
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Cherry Lane City Homes Condo
County Travis
Zip Code 78703
$/sqft $703/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $23,807.52
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT215985975
List Date January 9, 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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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 · January 9, 2026 $1,450,000
Previous ask $1,395,000
Current ask $1,340,000
Reduced $110,000 (-7.6%) 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
1908 W 37th St
Oakmont Heights
$1,340,000 $742 3 bd / 3 ba 1,806 sqft , 2026-05-11
52 Waller St #A
Elm Grove Add
$1,345,000 $560 4 bd / 4 ba 2,400 sqft , 2026-08-03
11503 Ladera Vista Dr
Krizov
$1,349,000 $700 3 bd / 2 ba 1,928 sqft , 2026-03-12
1701 Willow St
Riverside
$1,349,000 $706 3 bd / 3 ba 1,911 sqft , 2025-06-26
1609 Hartford Rd #A
Hartford Estates Condo
$1,349,999 $567 3 bd / 4 ba 2,381 sqft , 2026-06-25

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
$6,432/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
$268,000
20% conventional investment loan

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

Estimated Gross Rent+$6,432
Principal + Interest−$7,313
Property Tax (~2.1% TX avg)−$2,345
Insurance (~0.5%)−$558
Est. Monthly Cash Flow $-3,784

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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