Active Listing  ·  9 days on market

3101 Govalle Ave #207

Austin, TX 78702
$470,000
3 Bed 2 Bath 1,459 sqft $322/sqft Built 2020 0.05 acres Pool Govalle

This rare three-bedroom floor plan offers approximately 1,459 square feet of modern living in a prime East Austin location. Built in 2020, the open-concept floor plan features a large kitchen, contemporary finishes, and a generous covered balcony overlooking the resort-style pool and mature pecan trees. The flexible three-bedroom layout gives you room for guests, a home office, or a flex space. Just minutes from East 6th Street, Lady Bird Lake, downtown, hike-and-bike trails, local food and coffee trucks, and Austin-Bergstrom International Airport, this home puts the best of Austin close at hand. With a larger floor plan and competitive pricing compared to smaller two-bedroom residences, this is an opportunity to get more space without sacrificing location or convenience.

HOA amenities include the pool, elevator, secure front door and gates, and the clubhouse. Deed restrictions available upon request.

At $322/sqft, this home is 18% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

3101 Govalle Ave #207, Austin, TX 78702

Property Details

Price $470,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,459 sqft
Lot Size 0.05 acres (2,265.12 sqft)
Year Built 2020
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Govalle
County Travis
Zip Code 78702
$/sqft $322/sqft
Days on Market ,
HOA $499/Monthly
Annual Tax Est. $6,854.79
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242935681
List Date August 14, 2026
Elementary School Blackshear
Middle School Kealing
High School Eastside Early College
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
1407 Cedar Ave #2
Glenwood Add
$465,000 $456 2 bd / 3 ba 1,020 sqft , 2026-04-02
3101 W Govalle Ave #111
Division A, HOM Condominiums
$465,000 $414 2 bd / 2 ba 1,124 sqft , 2026-07-22
2108 Rosewood Ave #B
Rosewood
$475,000 $418 2 bd / 3 ba 1,136 sqft , 2026-05-30
4127 E 12th St #4
The Sexton at Springdale
$456,000 $303 3 bd / 3 ba 1,504 sqft , 2025-06-06
4127 E 12th St #2
The Sexton at Springdale
$456,000 $301 3 bd / 3 ba 1,514 sqft , 2025-06-06

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
$2,256/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
$94,000
20% conventional investment loan

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

Estimated Gross Rent+$2,256
Principal + Interest−$2,565
Property Tax (~2.1% TX avg)−$823
Insurance (~0.5%)−$196
Est. Monthly Cash Flow $-1,328

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 August 15, 2026.

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