Active Listing  ·  112 days on market

3001 Cedar St #A-205

Austin, TX 78705
$269,000
1 Bed 1 Bath 700 sqft $384/sqft Built 1985 0.02 acres 1-Car Garage Pool Benchmark Condo Amd

Beautifully maintained one-bedroom condo featuring a bright, open living area, a spacious bedroom, and a full bath with dual vanities. Expansive windows flood the home with abundant natural light, creating a warm and inviting atmosphere throughout.The thoughtfully designed open-concept kitchen offers a convenient breakfast bar and a generously sized pantry. A sleek, low-profile fireplace serves as a stylish focal point in the living area, which also includes a built-in study with ample cabinet storage—perfect for working from home.This home showcases numerous tasteful owner updates, including luxury quartz countertops in the kitchen and bathroom vanities, fresh interior paint, and updated appliances. Enjoy easy maintenance with wood and tile flooring throughout—no carpet. The bedroom features large windows, abundant storage, and an updated ceiling fan.The laundry area is conveniently located inside the unit at the end of the kitchen and includes a washer and dryer—no need for off-site laundry.Overlooking a peaceful interior courtyard and pool, this home is part of a well-maintained community with landscaped grounds, mature trees, a full-size pool, and an adjoining hot tub. One reserved parking space in the gated garage, along with a dedicated storage unit, conveys with the property.Ideally located in a quiet, central Austin neighborhood within walking distance to UT campus, shopping, dining, and more, with easy access to downtown. HOA dues cover water, sewer, and trash.

At $384/sqft, this home is 2% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

3001 Cedar St #A-205, Austin, TX 78705

Property Details

Price $269,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 700 sqft
Lot Size 0.02 acres (696.96 sqft)
Year Built 1985
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Benchmark Condo Amd
County Travis
Zip Code 78705
$/sqft $384/sqft
Days on Market ,
HOA $270/Monthly
Annual Tax Est. $5,368.32
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT227543040
List Date April 24, 2026
Elementary School Lee
Middle School Kealing
High School McCallum
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 · April 24, 2026 $272,000
Current ask $269,000
Reduced $3,000 (-1.1%) 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
4908 Hawk Cv #2
Glenwood Square
$269,500 $374 2 bd / 1 ba 720 sqft , 2026-08-06
4908 Hawk Cv #1
Glenwood Square
$269,500 $374 2 bd / 1 ba 720 sqft , 2026-08-06
2220 Webberville Rd #302
Axiom East Condominiums
$269,900 $406 1 bd / 1 ba 665 sqft , 2026-05-22
2200 Dickson Dr #127
Akoya Condo Amd
$270,000 $422 1 bd / 1 ba 640 sqft , 2026-02-09
2110 Rio Grande St #303
Palmetto Condominiums
$270,000 $347 2 bd / 1 ba 777 sqft , 2026-07-01

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
$1,291/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
$53,800
20% conventional investment loan

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

Estimated Gross Rent+$1,291
Principal + Interest−$1,468
Property Tax (~2.1% TX avg)−$471
Insurance (~0.5%)−$112
Est. Monthly Cash Flow $-760

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 1, 2026.

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