Active Listing  ·  41 days on market

301 West Ave #1204

Austin, TX 78701
$1,249,900
2 Bed 2 Bath 1,474 sqft $848/sqft Built 2018 0.01 acres 2-Car Garage Pool Independent Condos

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 $848/sqft, this home is priced 117% 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 West Ave #1204, Austin, TX 78701

Property Details

Price $1,249,900
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 $848/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
Current ask $1,249,900
Reduced $40,100 (-3.1%) 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
205 Medina St #1
SHELLEY N G SUBD
$1,250,000 $754 3 bd / 3 ba 1,657 sqft , 2025-10-10
2002 Kinney Ave #B
Kinney Ave Condo Amd 2002
$1,250,000 $654 3 bd / 3 ba 1,910 sqft , 2025-09-25
2504 Wildgrove Dr
Barton Terrace Sec 03
$1,250,000 $688 3 bd / 2 ba 1,816 sqft , 2024-11-25
1179 Poquito St
Foster
$1,250,000 $887 2 bd / 2 ba 1,410 sqft , 2026-05-15
2300 S 3rd St
Bawcom
$1,245,000 $693 3 bd / 2 ba 1,797 sqft , 2025-04-01

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
$6,000/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
$249,980
20% conventional investment loan

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

Estimated Gross Rent+$6,000
Principal + Interest−$6,821
Property Tax (~2.1% TX avg)−$2,187
Insurance (~0.5%)−$521
Est. Monthly Cash Flow $-3,529

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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