Active Listing  ·  12 days on market

3406 Menchaca Rd #34

Austin, TX 78704
$595,000
2 Bed 3 Bath 1,586 sqft $375/sqft Built 2005 0.09 acres 2-Car Garage Pool Cascada Condo

OPEN HOUSE SUNDAY, NOV 8th 1PM-3PM: Incredible move-in ready condominium located in a quiet, gated community in highly desirable 78704. Convenient and connected with quick access to South Lamar, Barton Creek, downtown, and Zilker Park. Light-filled, open spaces make this two-story, 2 bedroom, 2.5 bath home with attached two car garage and private courtyard a lovely space to entertain and relax. This home features an abundance of luxurious amenities including an open-concept layout with two fireplaces--one in the courtyard and one inside in the great room, hardwood and tile floors, granite countertops, powder room, walk in pantry with tons of storage, breakfast bar, and stainless steel appliances. The upstairs features a terrific layout designed with privacy in mind. The two generously sized bedrooms with ensuite baths are spaced perfectly with a loft area in between that overlooks the courtyard--perfect for a study or flex room. Enjoy your own private, tree-shaded courtyard complete with outdoor fireplace, gas hookup for grilling, covered patio space, and outdoor TV-perfect for gathering and entertaining.

At $375/sqft, this home is 4% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

3406 Menchaca Rd #34, Austin, TX 78704

Property Details

Price $595,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths 1
Living Area 1,586 sqft
Lot Size 0.09 acres (3,789.72 sqft)
Year Built 2005
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Cascada Condo
County Travis
Zip Code 78704
$/sqft $375/sqft
Days on Market ,
HOA $495/Monthly
Annual Tax Est. $10,804
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT251402243
List Date October 31, 2026
Elementary School Joslin
Middle School Covington
High School Crockett
School District Austin ISD

Austin ISD

Joslin · Covington · Crockett

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
2815 Corbin Ln
Crossing At Bouldin Creek The
$599,000 $389 2 bd / 3 ba 1,538 sqft , 2026-04-17
2505 Bluebonnet Ave #6
Del Curto
$599,900 $408 2 bd / 3 ba 1,469 sqft , 2026-11-06
3004 Burning Oak Dr
South Terrace Add
$589,999 $524 3 bd / 1 ba 1,126 sqft , 2026-10-01
2507 Western Trails Blvd
Western Trails Sec 06
$589,990 $424 3 bd / 2 ba 1,391 sqft , 2025-12-14
3618 S 2nd St
Victorian Oaks
$615,000 $423 3 bd / 3 ba 1,454 sqft , 2026-09-14

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
$2,856/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
$119,000
20% conventional investment loan

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

Estimated Gross Rent+$2,856
Principal + Interest−$3,247
Property Tax (assumed ~2.1%)−$1,041
Insurance (assumed ~0.5%)−$248
Est. Monthly Cash Flow $-1,680

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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