Active Listing  ·  69 days on market

301 West Ave #3208

Austin, TX 78701
$924,900
1 Bed 1 Bath 1,000 sqft $925/sqft Built 2018 0.00 acres Pool N/A

Live the downtown dream in The Independent, Austin’s most iconic tower with panoramic west views of Lady Bird

Lake, the Hill Country and the spectacular sunset! This condo can be purchased furnished for a true turn key move-in.

Experience unbeatable walkability just steps from Lady Bird Lake, Trader Joe’s, Whole Foods, 2nd ST, best restaurants,

parks/trails, nightlife, fitness, coffee, shopping and more! Interior highlights include hardwoods throughout, floor-to-ceiling windows, motorized window shades, surround sound with Sonos speakers, built-in wine chiller, gas stove top

and a private EV charging at the reserved parking space. Enjoy the open living/kitchen/dining floor plan concept with a

spacious bedroom and walk in closet. The bathroom offers plenty of counter space with double vanity and a beautiful

walk-in shower. The bonus flex room works wonderfully as a private office space, guest space or additional living

space. The Independent is known for it’s amazing amenities including 24 HR concierge, resort-style pool, outdoor

lounges, grilling areas, fitness center, yoga studio, owners lounge, conference rooms, dog park, media theater and

guest suites. Minutes to UT, Med Center, ABIA and the Domain and easily accessible to Mopac, 71, Lamar, I 35, 290.

Come check it out!

At $925/sqft, this home is priced 137% 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 #3208, Austin, TX 78701

Property Details

Price $924,900
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 1,000 sqft
Lot Size 0.00 acres (152.46 sqft)
Year Built 2018
Garage ,
Stories ,
Type Residential · Condominium
Subdivision N/A
County Travis
Zip Code 78701
$/sqft $925/sqft
Days on Market ,
HOA $749/Monthly
Annual Tax Est. $17,754.06
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT230927482
List Date May 27, 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.

Schedule a Call →

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
1600 S 1st St #403
Willa Community
$925,000 $802 2 bd / 2 ba 1,153 sqft , 2026-02-02
1900 Barton Springs Rd #2026
Zilkr/Pk Condos
$925,000 $714 2 bd / 2 ba 1,296 sqft , 2026-04-22
48 East Ave #2311
Zoppp Add
$930,000 $898 2 bd / 2 ba 1,036 sqft , 2025-11-14
48 East Ave #2211
Natiivo
$930,000 $898 2 bd / 2 ba 1,036 sqft , 2026-05-15
44 East Ave #2307
44 East Ave Condos
$900,000 $737 2 bd / 2 ba 1,221 sqft , 2026-04-08

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
$4,440/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
$184,980
20% conventional investment loan

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

Estimated Gross Rent+$4,440
Principal + Interest−$5,048
Property Tax (~2.1% TX avg)−$1,619
Insurance (~0.5%)−$385
Est. Monthly Cash Flow $-2,612

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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