Active Listing  ·  2 days on market

3200 Grandview St #11

Austin, TX 78705
$589,000
1 Bed 2 Bath 1,826 sqft $323/sqft Built 2009 0.04 acres 2-Car Garage Pool Verdance Condo

Residence #11 at Verdance Condominiums is a spacious one-bedroom condominium with 1826 square feet per TCAD and a floor plan that offers considerable flexibility. Located on the third floor of the 16-unit boutique community, the residence is served by two elevators shared by only six third-floor homes. Designed by Peter Pfeifer and built in 2009, Verdance features energy-saving materials, mature landscaping and a community pool. The central location is approximately 5 minutes from downtown, with Central Market, restaurants, public transportation,Pease Park, Shoal Creek trails, Seton and other medical facilities nearby. UT is just blocks away. Inside, wood floors extend throughout the living spaces, with stone tile in the baths. The expansive, open living and dining area flows into the kitchen and an oversized island, creating a generous space with flexibility for different furniture arrangements. The room can accommodate one or two seating areas and varied dining configurations, while a fireplace anchors the living area. A study area set just off the main living space provides flexibility for a home office, additional seating, dining or a Murphy bed. A private balcony extends the living space outdoors.

The primary suite incudes a large walk-in closet and a spacious bath with stone countertops, dual sinks, a soaking tub and separate walk-in shower. An oversized utility room, generous pantry, powder room, tankless water heater, two reserved spaces in the gated garage provide added functionality. The combination of size and flexibility makes the floor plan well suited to a variety of needs, from a primary residence, the perfect home for someone downsizing or a second residence with convenient access to downtown, UT and Austin's major events. A unique lock and leave opportunity to live in central Austin in a condominium offering substantial space, convenience and value.

At $323/sqft, this home is 18% 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

3200 Grandview St #11, Austin, TX 78705

Property Details

Price $589,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths 1
Living Area 1,826 sqft
Lot Size 0.04 acres (1,829.52 sqft)
Year Built 2009
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Verdance Condo
County Travis
Zip Code 78705
$/sqft $323/sqft
Days on Market ,
HOA $697/Monthly
Annual Tax Est. $10,995
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT247115649
List Date October 6, 2026
Elementary School Bryker Woods
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
1017 W 31st St
Jones & Sedwick
$725,000 $525 2 bd / 2 ba 1,380 sqft , 2025-08-20
4006 Shoal Creek Blvd #B
Shoal Creek Park 02
$449,500 $322 2 bd / 2 ba 1,398 sqft , 2026-07-14

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
$2,827/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
$117,800
20% conventional investment loan

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

Estimated Gross Rent+$2,827
Principal + Interest−$3,214
Property Tax (~2.1% TX avg)−$1,031
Insurance (~0.5%)−$245
Est. Monthly Cash Flow $-1,663

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 October 7, 2026.

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