Active Listing  ·  15 days on market

3112 Prado St #2

Austin, TX 78702
$624,900
3 Bed 3 Bath 1,400 sqft $446/sqft Built 2026 0.15 acres 1-Car Garage Pool New Construction Chernosky 12

Custom craftsmanship defines this bright 1,400-square-foot rear home by Pintail Development in East Austin. The open-concept layout is designed for easy living and entertaining, with abundant natural light from quality Andersen windows highlighting hardwood floors and porcelain tile.

The kitchen is anchored by a large quartz waterfall island, paired with a built-in drawer microwave and stainless steel appliances.

Upstairs, the landing leads to two well-sized secondary bedrooms that share a full bath. A separate laundry room offers both gas and electric connections plus additional closet storage. The primary suite features two large closets and a private bathroom with a double vanity and seamless glass walk-in shower.

This private rear home delivers modern finishes and a flexible floor plan in one of Austin’s most desirable neighborhoods. Minor finishing work is still in progress—contact for current status and details.

At $446/sqft, this home is priced 14% above the Austin active market average of $390/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

3112 Prado St #2, Austin, TX 78702

Property Details

Price $624,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,400 sqft
Lot Size 0.15 acres (6,438.17 sqft)
Year Built 2026
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Chernosky 12
County Travis
Zip Code 78702
$/sqft $446/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $5,812.94
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT250460911
List Date October 28, 2026
Elementary School Brooke
Middle School Martin
High School Eastside Early College
School District Austin ISD

Austin ISD

Brooke · Martin · Eastside Early College

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
1002 Walter St
Rosewood Village Sec 8
$625,000 $537 3 bd / 2 ba 1,164 sqft , 2025-08-18
2905 E 5th St #A
2905 East 5th Condos
$620,000 $373 3 bd / 3 ba 1,664 sqft , 2026-06-19
2710 E 3rd St
Anthony W B
$635,000 $472 3 bd / 3 ba 1,344 sqft , 2026-03-26
1704 E 13th St #B
1704 E 13th Street Site Condos
$639,750 $428 3 bd / 2 ba 1,495 sqft , 2026-06-12
906 Linden St #A
906 Linden Street Condos
$650,000 $370 3 bd / 3 ba 1,755 sqft , 2026-09-24

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
$124,980
20% conventional investment loan

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

Estimated Gross Rent+$3,000
Principal + Interest−$3,410
Property Tax (assumed ~2.1%)−$1,094
Insurance (assumed ~0.5%)−$260
Est. Monthly Cash Flow $-1,764

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 · 41 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. The written content was last updated on November 8, 2026.

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

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