Active Listing  ·  140 days on market

3406 E 17th St #5

Austin, TX 78721
$599,000
3 Bed 4 Bath 2,026 sqft $296/sqft Built 2021 0.08 acres 2-Car Garage Pool theSEVENTEEN

Modern, light-filled, and effortlessly connected to the energy of East Austin, this three-bedroom residence located in theSEVENTEEN development unfolds across thoughtfully designed levels, culminating in a private rooftop deck providing an immaculate and front-row view of Downtown Austin. 

A first-floor guest suite with its own en suite bath offers flexibility for visitors, a home office, or additional living space. The second level serves as the heart of the home, where an open kitchen and living area are framed by oversized picture windows overlooking a canopy of mature trees, filling the space with soft natural light and a calming sense of privacy. Crisp white cabinetry, stainless steel appliances, and a generous island anchor the kitchen, creating an inviting setting for both everyday living and effortless entertaining. Upstairs, the primary suite and an additional bedroom provide a quiet retreat from the home’s social spaces.

Above it all, a landing leads to the true highlight: a spacious rooftop deck designed for sunset lounging, evening gatherings, morning coffee, and sweeping views of the East Austin skyline. Built in 2021 and offering just over 2,000 square feet of modern living space, the home includes a two-car garage and easy lock-and-leave convenience. Positioned in one of East Austin’s most desired pockets, you’re just minutes from neighborhood favorites including local art galleries, breweries, public parks, weekend farmers markets, live music venues and so much more. Living at theSEVENTEEN is the epitome of Austin living.

**ALL FURNISHINGS AND ART NEGOTIABLE WITH SALE, WITH FEW EXCEPTIONS**

At $296/sqft, this home is 24% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

3406 E 17th St #5, Austin, TX 78721

Property Details

Price $599,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths 1
Living Area 2,026 sqft
Lot Size 0.08 acres (3,436.88 sqft)
Year Built 2021
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision theSEVENTEEN
County Travis
Zip Code 78721
$/sqft $296/sqft
Days on Market ,
HOA $93/Monthly
Annual Tax Est. $14,968.28
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT222804573
List Date March 17, 2026
Elementary School Norman-Sims
Middle School Kealing
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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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 · March 17, 2026 $770,000
Previous ask $675,000
Current ask $599,000
Reduced $171,000 (-22.2%) 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
1417 Kramer Ln #14
Kramer Heights Condominiums
$599,000 $230 3 bd / 3 ba 2,600 sqft , 2026-02-19
8107 Middle Ct
Forest Mesa
$599,000 $288 2 bd / 2 ba 2,081 sqft , 2026-04-14
12409 CENTRAL PARK Dr
Steiner Ranch Parkside
$599,000 $249 3 bd / 3 ba 2,402 sqft , 2026-04-17
1301 S Quinlan Park Rd
River Ridge
$599,000 $349 3 bd / 2 ba 1,715 sqft , 2026-05-01
6437 Old Harbor Ln
Circle C Ranch Ph B Sec 02
$599,000 $346 3 bd / 2 ba 1,730 sqft , 2026-05-06

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
$2,875/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
$119,800
20% conventional investment loan

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

Estimated Gross Rent+$2,875
Principal + Interest−$3,269
Property Tax (~2.1% TX avg)−$1,048
Insurance (~0.5%)−$250
Est. Monthly Cash Flow $-1,692

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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