Active Listing  ·  167 days on market

300 Lightsey Rd #2

Austin, TX 78704
$640,000
2 Bed 2 Bath 1,100 sqft $582/sqft Built 2026 0.10 acres Pool New Construction lightsey rd condominiums

Amazing new construction with private drive and backyard overlooking green space. Step inside and you will immediately notice the natural light and easy open floorplan that makes this home both inviting and functional. Whether you are hosting friends or enjoying a quiet evening the layout works with your lifestyle. The kitchen offers custom cabinets in white oak and solid paint. There is an integrated vent hood, microwave and Moroccan handmade tile backsplash with quartz countertops along with plenty of room to cook, gather and connect. The living area provides a relaxing atmosphere that feels like home from the moment you walk in. Bedrooms are well designed with space to unwind. The design keeps things simple, clean and livable. Outside you have room to breathe for morning coffee or weekend projects. There is an extended deck overlooking a creek and green space for outdoor enjoyment. Do not miss this new construction masterpiece.This is a great central location within walking distance to St Ed's and the restaurants and shops and amenities of So Co.

At $582/sqft, this home is priced 48% 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

300 Lightsey Rd #2, Austin, TX 78704

Property Details

Price $640,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths 1
Living Area 1,100 sqft
Lot Size 0.10 acres (4,399.56 sqft)
Year Built 2026
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision lightsey rd condominiums
County Travis
Zip Code 78704
$/sqft $582/sqft
Days on Market ,
HOA $40/Monthly
Annual Tax Est. $2,451.26
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT222066491
List Date March 10, 2026
Elementary School Dawson
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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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 · March 10, 2026 $700,000
Previous ask $650,000
Current ask $640,000
Reduced $60,000 (-8.6%) 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
511 South Park Dr #2
Dawson
$649,900 $488 2 bd / 3 ba 1,332 sqft , 2026-07-14
4502 S 1st St
Hartkopf Annex
$619,000 $697 3 bd / 1 ba 888 sqft , 2026-06-26
2209 S 1st St #237
Bouldin
$679,000 $633 2 bd / 2 ba 1,072 sqft , 2026-06-17
120 El Paso St
Brinwood Sec 03
$600,000 $744 2 bd / 1 ba 806 sqft , 2026-07-22
209 Woodward St
Woodward Indust District
$599,900 $553 3 bd / 2 ba 1,085 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
$3,072/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
$128,000
20% conventional investment loan

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

Estimated Gross Rent+$3,072
Principal + Interest−$3,493
Property Tax (~2.1% TX avg)−$1,120
Insurance (~0.5%)−$267
Est. Monthly Cash Flow $-1,808

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 August 22, 2026.

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