Active Listing  ·  130 days on market

301 West Ave #2003

Austin, TX 78701
$625,000
1 Bed 1 Bath 697 sqft $897/sqft Built 2018 0.00 acres 1-Car Garage Pool The Independent

Experience elevated urban living at The Independent. This stunning 1-bedroom, 1-bath residence showcases a sleek open-concept design with beautiful hardwood floors and a spacious living area perfect for both entertaining and unwinding.

The gourmet kitchen is outfitted with stainless steel appliances, quartz countertops, and abundant cabinetry, blending style and functionality. Step out onto your private balcony and take in amazing, unobstructed Downtown Austin views—a true highlight of the home. The primary suite offers a generous walk-in closet and a spa-like en-suite bathroom featuring a walk-in shower. Residents enjoy access to world-class amenities, including a state-of-the-art fitness center, heated pool, yoga studio, clubhouse, dog park, cinema room, sky deck, and full concierge services. Ideally located within walking distance to Whole Foods, Trader Joe’s, top-rated restaurants, bars, coffee shops, and Austin’s vibrant entertainment scene.

Don’t miss the opportunity to own a premier residence in one of downtown Austin’s most iconic towers.

At $897/sqft, this home is priced 129% 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 #2003, Austin, TX 78701

Property Details

Price $625,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 697 sqft
Lot Size 0.00 acres (104.54 sqft)
Year Built 2018
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision The Independent
County Travis
Zip Code 78701
$/sqft $897/sqft
Days on Market ,
HOA $533/Monthly
Annual Tax Est. $10,612.81
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT226368134
List Date April 15, 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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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
44 East Ave #1509
44 East Ave Condominiums
$624,950 $785 2 bd / 2 ba 796 sqft , 2026-04-08
44 East Ave #2108
44 East Ave Condos
$635,000 $801 2 bd / 2 ba 793 sqft , 2026-07-05
84 East Ave #3907
Vesper Condominium Community, Inc
$609,000 $838 1 bd / 1 ba 727 sqft , 2026-08-09
222 West Ave #2012
Seaholm Residences Residential
$649,000 $790 1 bd / 1 ba 821 sqft , 2026-01-21
48 East Ave #2004
Natiivo
$650,000 $728 1 bd / 1 ba 893 sqft , 2025-10-03

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
$3,000/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
$125,000
20% conventional investment loan

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

Estimated Gross Rent+$3,000
Principal + Interest−$3,411
Property Tax (~2.1% TX avg)−$1,094
Insurance (~0.5%)−$260
Est. Monthly Cash Flow $-1,765

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 April 23, 2026.

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