Active Listing  ·  90 days on market

301 West Ave #1204

Austin, TX 78701
$1,199,000
2 Bed 2 Bath 1,474 sqft $813/sqft Built 2018 0.01 acres 2-Car Garage Pool Independent Condos

Sellers will be de-listing on October 4th if the unit is not under contract by then, so this is last chance on the only competitively priced 2BR in the Independent. Beautiful northeast-facing corner residence with sweeping city views at the Independent, Austin's tallest all-residential tower. Walkable to Trader Joe's, Whole Foods, restaurants, bars, parks, and downtown offices. Spacious 1,474-square-foot "B7" floor plan with 2 bedrooms, 2 bathrooms, and a secluded study that's perfect for working from home. Updated kitchen with modern stainless steel appliances. Dedicated laundry room with washer and dryer. Both bedrooms feature luxurious en-suite bathrooms with large walk-in closets. Enjoy the 98-square-foot private balcony, not included in the stated square footage. Two premium deeded garage parking spaces. Smart home upgrades compatible with both Apple and Google ecosystems, including Lutron automatic shades on all floor-to-ceiling windows, Lutron lighting, shade, and fan switches, Ecobee thermostat, and August smart lock. Built-in enterprise-grade Ubiquiti WiFi access points and Ethernet wiring throughout provide exceptional connectivity. Access to more than 20,000 square feet of amenities across floors 9 and 34, including 24/7 concierge, infinity pool and pool deck with gas grills, fitness center and yoga studio, observation deck, movie theater, two resident lounges (one with a full catering kitchen), bookable conference rooms, board room, and guest suites, children's playroom and playground, and a dog park with washing station.

At $813/sqft, this home is priced 107% 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

301 West Ave #1204, Austin, TX 78701

Property Details

Price $1,199,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,474 sqft
Lot Size 0.01 acres (222.16 sqft)
Year Built 2018
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Independent Condos
County Travis
Zip Code 78701
$/sqft $813/sqft
Days on Market ,
HOA $1,144.35/Monthly
Annual Tax Est. $17,643.02
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237508454
List Date June 24, 2026
Elementary School Mathews
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 · June 24, 2026 $1,290,000
Previous ask $1,249,900
Current ask $1,199,000
Reduced $91,000 (-7.1%) 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
610 Davis St #2205
Modern Austin
$1,199,999 $1,065 2 bd / 2 ba 1,127 sqft , 2026-09-03
210 Lavaca St #1902
Condo
$1,195,000 $1,022 2 bd / 2 ba 1,169 sqft , 2026-09-15
501 West Ave #1504
5th and West
$1,215,000 $916 2 bd / 2 ba 1,327 sqft , 2026-09-15
610 Davis St #2408
Modern Austin
$1,235,000 $1,052 2 bd / 2 ba 1,174 sqft , 2026-08-18
610 Davis St #1805
The Modern Austin Residences
$1,239,000 $1,099 2 bd / 2 ba 1,127 sqft , 2026-05-16

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
$5,755/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
$239,800
20% conventional investment loan

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

Estimated Gross Rent+$5,755
Principal + Interest−$6,543
Property Tax (~2.1% TX avg)−$2,098
Insurance (~0.5%)−$500
Est. Monthly Cash Flow $-3,386

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 September 22, 2026.

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