Active Listing  ·  12 days on market

3108 E 51st St #903

Austin, TX 78723
$449,000
2 Bed 3 Bath 1,529 sqft $294/sqft Built 2017 0.12 acres 1-Car Garage Pool Grove Condos Bldg 9

Enjoy exceptional privacy, space and convenience in this beautifully appointed end unit at The Grove, a gated-access community of just 52 townhomes across seven acres with a private walking trail.

Unit 903 stands out with an oversized, private, shaded, and turfed backyard, covered patio, with plenty of room to garden, entertain or relax. It’s also one of only four homes in the community with a private reserved parking space in addition to its one-car garage.

Inside, 10-foot ceilings on both levels, 8-foot doors and gorgeous white-oak hardwood floors create a bright, elevated feel. The flexible floor plan offers two large bedrooms with ensuite baths plus a separate study/office. The primary suite features peaceful treetop views and an impressive walk-in closet, while the second bedroom includes a built-in Murphy bed—perfect for guests or additional flex space. Exceptional closets and storage are found throughout.

All this just 3 minutes from Mueller H-E-B, restaurants and Dell Children’s Medical Center, and approximately 12 minutes from ABIA and Dell Medical School at UT.

A rare combination of privacy, outdoor space, extra parking and lock-and-leave convenience in a central Austin location.

At $294/sqft, this home is 25% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

3108 E 51st St #903, Austin, TX 78723

Property Details

Price $449,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths 1
Living Area 1,529 sqft
Lot Size 0.12 acres (5,309.96 sqft)
Year Built 2017
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Grove Condos Bldg 9
County Travis
Zip Code 78723
$/sqft $294/sqft
Days on Market ,
HOA $330.4/Monthly
Annual Tax Est. $8,729.47
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT247972469
List Date September 26, 2026
Elementary School Pecan Springs
Middle School Martin
High School Northeast 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
1609 Deloney St #B
Chernosky 10
$450,000 $347 2 bd / 3 ba 1,298 sqft , 2026-08-15
5505 Pendleton Ln
Preswyck Hills Sec 04
$450,000 $225 3 bd / 2 ba 1,999 sqft , 2026-09-01
6020 Springdale Rd #5
Hypoint Residences
$445,000 $279 3 bd / 3 ba 1,595 sqft , 2026-10-02
1803 Elmira Rd
Grant Park
$445,000 $316 3 bd / 2 ba 1,409 sqft , 2026-10-03
2713 Sweeney Ln
Royal Oak Estates Sec 05
$435,000 $332 2 bd / 1 ba 1,312 sqft , 2026-06-10

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
$2,155/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
$89,800
20% conventional investment loan

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

Estimated Gross Rent+$2,155
Principal + Interest−$2,450
Property Tax (~2.1% TX avg)−$786
Insurance (~0.5%)−$187
Est. Monthly Cash Flow $-1,268

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 September 27, 2026.

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