Active Listing  ·  47 days on market

3133 Govalle Ave #B

Austin, TX 78702
$725,000
3 Bed 3 Bath 1,868 sqft $388/sqft Built 2015 0.09 acres Pool 3133 Govalle Ave Condos

Modern design, exceptional outdoor living, and an unbeatable East Austin location come together at this contemporary 3-bedroom, 2.5-bath home just minutes from Downtown Austin. Ideally situated near some of the city's best restaurants, coffee shops, breweries, nightlife, Lady Bird Lake, and Austin-Bergstrom International Airport, this home offers the perfect balance of urban living and everyday comfort. The open-concept main level is designed for effortless living and entertaining, featuring sleek stained concrete floors, modern fixtures, and abundant natural light. The kitchen serves as the heart of the home with a large center island, stainless steel appliances, and seamless flow into the dining and living areas. A built-in desk adjacent to the dining space creates the perfect work-from-home nook. Designed to embrace indoor-outdoor living, sliding glass doors from both the living room and dining area open to multiple outdoor spaces. Enjoy morning coffee on the side deck, dine al fresco beneath the covered patio, or unwind in the private backyard shaded by a beautiful mature oak tree. Upstairs, the spacious primary suite is a peaceful retreat with its own private balcony, walk-in closet, and ensuite bath featuring a double vanity and oversized walk-in shower. Two additional bedrooms provide flexibility for guests, family, or a home office. With no HOA dues and a prime location in one of Austin's most vibrant neighborhoods, this home offers low-maintenance living with easy access to everything the city has to offer.

At $388/sqft, this home is priced in line with the Austin market average of $393/sqft across 4,588 active listings. View Austin market report →

Location

3133 Govalle Ave #B, Austin, TX 78702

Property Details

Price $725,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,868 sqft
Lot Size 0.09 acres (3,776.65 sqft)
Year Built 2015
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision 3133 Govalle Ave Condos
County Travis
Zip Code 78702
$/sqft $388/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $12,864.29
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241381972
List Date August 6, 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
601 Vermont Rd #1
Pipkin Add 02
$744,900 $462 3 bd / 3 ba 1,614 sqft , 2026-04-09
3201 Kay St
Spillar & Greenwood Add
$700,000 $349 4 bd / 2 ba 2,006 sqft , 2026-08-07
1158 Ridgeway Dr #A
1158 Ridgeway Condo
$695,000 $403 3 bd / 3 ba 1,724 sqft , 2026-08-13
3010 Webberville Rd #1
Lorraine Heights
$689,900 $334 4 bd / 3 ba 2,067 sqft , 2026-05-01
2406 Santa Maria St
Industrial Add
$770,000 $552 3 bd / 2 ba 1,394 sqft , 2026-08-27

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
$3,480/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
$145,000
20% conventional investment loan

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

Estimated Gross Rent+$3,480
Principal + Interest−$3,957
Property Tax (~2.1% TX avg)−$1,269
Insurance (~0.5%)−$302
Est. Monthly Cash Flow $-2,048

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 11, 2026.

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