Active Listing  ·  9 days on market

301 N Pleasant Valley Rd #2

Austin, TX 78702
$599,000
3 Bed 4 Bath 1,361 sqft $440/sqft Built 2026 0.15 acres Pool New Construction 301 Pleasant Valley Condominiums

Welcome to 301 N Pleasant Valley, a brand new boutique collection of three modern homes in East Austin. Three residences are available. Unit 2 offers a private covered balcony, and a dramatic three-story layout with 1,361 square feet of interior living space. Three light-filled levels: main floor entry with a guest bedroom and full bath; second floor delivers an open-concept living, dining, and kitchen with a seated island, powder room, and walls of glass opening to a covered balcony; third floor offers two oversized bedrooms with high ceilings (primary with spa-like bath), a second full bath, and laundry. Finished with designer flooring, natural stone counters, custom cabinetry with designer hardware, high-end stainless appliances including a commercial gas range and vented hood, and floor-to-ceiling tile in every shower. Built tight with low-e glass windows and Energy Star-rated doors for year-round comfort. Private fenced yard with an expansive covered entry porch. Minutes to downtown, Lady Bird Lake, the hike and bike trail and ABIA. Contact agent for a private showing or for information on the other available homes.

At $440/sqft, this home is priced 13% 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

301 N Pleasant Valley Rd #2, Austin, TX 78702

Property Details

Price $599,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths 1
Living Area 1,361 sqft
Lot Size 0.15 acres (6,324.91 sqft)
Year Built 2026
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision 301 Pleasant Valley Condominiums
County Travis
Zip Code 78702
$/sqft $440/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT243493182
List Date August 14, 2026
Elementary School Govalle
Middle School Kealing
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.

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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
2104 E 2nd St #2
E 2nd St
$599,900 $571 2 bd / 3 ba 1,050 sqft , 2026-07-10
301 N Pleasant Valley Rd #1
301 Pleasant Valley Condominiums
$605,000 $445 3 bd / 4 ba 1,361 sqft , 2026-08-20
2703 E 3rd St #2
Anthony W B
$577,000 $533 2 bd / 3 ba 1,083 sqft , 2025-09-05
902 Calle Limon Rd #B
FISCHER GARDENS
$575,000 $616 2 bd / 3 ba 933 sqft , 2026-07-29
2901 Castro St #2
Chernosky 12
$560,000 $597 2 bd / 3 ba 938 sqft , 2026-05-22

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
$2,875/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
$119,800
20% conventional investment loan

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

Estimated Gross Rent+$2,875
Principal + Interest−$3,269
Property Tax (~2.1% TX avg)−$1,048
Insurance (~0.5%)−$250
Est. Monthly Cash Flow $-1,692

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 →