Active Listing  ·  28 days on market

3015 Burning Oak Dr #2

Austin, TX 78704
$529,000
2 Bed 2 Bath 1,046 sqft $506/sqft Built 1962 0.07 acres 1-Car Garage Pool LIGHTSEY TOWNHOME CONDOMINIMS

Located in one of Austin's most desirable 78704 neighborhoods, this move-in-ready home combines thoughtful updates with an unbeatable location. Major improvements include a roof replacement, window replacement, interior paint, electrical panel upgrade, and bathroom drainlines, quartz countertops, and tile upgrades..Additional Kitchen and flooring updates bring this charming, single-story 2 bedrooms, 2 bathroom detached condo live like a single family home.. Covered carport plus additional off-street parking. Situated on a premium corner lot beneath mature shade trees, the fully fenced backyard with pergola is perfect for entertaining, relaxing, pets, or gardening. Enjoy a walkable, bike-friendly lifestyle just minutes from South Lamar's popular restaurants, coffee shops, boutiques, fitness studios, and nightlife, with easy access to SoCo, Downtown, Zilker Park, Barton Springs Pool, Lady Bird Lake, and the Barton Creek Greenbelt. Convenient access to US 290/SH 71 makes commuting easy. Zoned to Zilker Elementary.

At $506/sqft, this home is priced 29% 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

3015 Burning Oak Dr #2, Austin, TX 78704

Property Details

Price $529,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,046 sqft
Lot Size 0.07 acres (3,118.9 sqft)
Year Built 1962
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision LIGHTSEY TOWNHOME CONDOMINIMS
County Travis
Zip Code 78704
$/sqft $506/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $9,648.36
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238940161
List Date July 7, 2026
Elementary School Zilker
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
2500 Longview St #300
Cascade Condominiums
$529,000 $430 2 bd / 2 ba 1,229 sqft , 2026-04-16
4204 Clawson Rd
Low Theodore Heights
$529,000 $609 2 bd / 1 ba 868 sqft , 2026-05-21
610 Clifford Dr #B
Harkins C E
$529,000 $457 2 bd / 3 ba 1,158 sqft , 2026-06-03
3614 S 2nd St
Victorian Oaks
$530,000 $411 3 bd / 2 ba 1,290 sqft , 2026-03-12
54 Rainey St #609
Milago Condo Amd
$530,000 $455 2 bd / 2 ba 1,164 sqft , 2026-06-12

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
$2,539/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
$105,800
20% conventional investment loan

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

Estimated Gross Rent+$2,539
Principal + Interest−$2,887
Property Tax (~2.1% TX avg)−$926
Insurance (~0.5%)−$220
Est. Monthly Cash Flow $-1,494

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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