Active Listing  ·  97 days on market

3204 Menchaca Rd #704

Austin, TX 78704
$150,000
1 Bed 1 Bath 520 sqft $288/sqft Built 1985 0.03 acres Pool Ivy 78704 Condo Amd The

Live in the heart of South Austin’s vibrant energy in this beautifully updated top-floor condo located within the gated Ivy Condos community. Tucked all the way toward the back of the property, this private retreat offers a peaceful setting surrounded by mature trees, creating a rare sense of quiet and seclusion while still being moments from the best of South Austin. Enjoy your own balcony overlooking the lush greenery—perfect for morning coffee or unwinding after a day in the city. Perfectly positioned just moments from some of Austin’s most iconic favorites—including Torchy's Tacos, Matt's El Rancho, Amy's Ice Creams, and Radio Coffee & Beer—this home offers the ultimate South Lamar lifestyle with endless dining, entertainment, and shopping just outside your door. Enjoy unbeatable convenience with quick access to Downtown Austin, SoCo, South First, Highway 290, Highway 71, I-35, and major bus routes. Inside, this charming 1-bedroom, 1-bath home blends comfort and modern updates with a bright, airy layout enhanced by its desirable top-floor location. Thoughtful improvements provide peace of mind and style, including a new sliding glass door and bedroom window (2026), fully replaced HVAC ductwork (2023), updated breaker box (2022), and upgraded HVAC system (2021). Beyond the unit itself, residents enjoy an impressive collection of community amenities designed for both relaxation and convenience. Take a refreshing dip in the sparkling pool, enjoy the secure bike storage room, spend time with your pets at the dedicated dog park, or unwind in the inviting outdoor gathering spaces. HOA dues include water, hot water, trash, recycling, landscaping, exterior maintenance, and access to community amenities, creating an easy lock-and-leave lifestyle. The condo is also wired for Google Fiber, offering fast and reliable connectivity for work or entertainment.

At $288/sqft, this home is 27% 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

3204 Menchaca Rd #704, Austin, TX 78704

Property Details

Price $150,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 520 sqft
Lot Size 0.03 acres (1,485.4 sqft)
Year Built 1985
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Ivy 78704 Condo Amd The
County Travis
Zip Code 78704
$/sqft $288/sqft
Days on Market ,
HOA $223/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT230455355
List Date May 19, 2026
Elementary School Joslin
Middle School Covington
High School Crockett
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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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · May 19, 2026 $165,000
Previous ask $160,000
Current ask $150,000
Reduced $15,000 (-9.1%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
3627 Menchaca Rd #105
Austin Rivertree Condo
$165,000 $288 1 bd / 1 ba 573 sqft , 2026-08-21
3204 Menchaca Rd #303
Ivy 78704 Condo Amd The
$179,999 $429 1 bd / 1 ba 420 sqft , 2026-05-04
3744 VALLEY VIEW Rd #C
SLEEPY HOLLOW PHS II
$185,000 $329 1 bd / 1 ba 563 sqft , 2026-07-02

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
$720/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
$30,000
20% conventional investment loan

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

Estimated Gross Rent+$720
Principal + Interest−$819
Property Tax (~2.1% TX avg)−$263
Insurance (~0.5%)−$63
Est. Monthly Cash Flow $-425

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 18, 2026.

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