Active Listing  ·  12 days on market

3412 Georgia Lee Dr

Austin, TX 78704
$515,000
2 Bed 3 Bath 1,490 sqft $346/sqft Built 2012 0.07 acres 2-Car Garage Pool Sycamore Detached Condo

Beautifully updated free-standing condominium in an exceptional location, just minutes from South Congress, Downtown Austin, and major highways. Thoughtfully enhanced with designer finishes throughout, this three-story home offers a private backyard, patio, and stylish modern living all within a gated community.

Recent improvements include stunning quartz countertops with waterfall counters on the kitchen island with new backsplash, wide-plank wood flooring, updated decorative lighting in the kitchen and dining areas, plantation shutters in the living room, a matte black kitchen sink with coordinating hardware, and a professionally xeriscaped backyard for low-maintenance outdoor living.

The first floor features a spacious bedroom overlooking the private patio with an adjacent full bath, making it ideal as a guest suite, home office, fitness room, or second living area. A two-car garage completes the main level.

The second floor showcases an open-concept living, dining, and kitchen designed for both everyday living and entertaining. The generous living room opens to a private balcony and offers ample space for comfortable seating and a dedicated workspace. The dining area easily accommodates large gatherings, while the beautifully updated kitchen features rich wood cabinetry, quartz countertops, a large center island with bar seating, a gas range, and stainless steel appliances. A conveniently located powder bath completes this level.

On the third floor, you'll find an office and a primary bedroom including a serene primary suite with soaring ceilings, oversized windows, with abundant natural light. The spa-inspired primary bath features a beautiful wood vanity, a soaking tub, a large walk-in shower, and an expansive walk-in closet.

Offering stylish upgrades, flexible living spaces, and an unbeatable location near Austin's best dining, shopping, and entertainment, this home is the perfect blend of comfort, convenience, and contemporary design.

At $346/sqft, this home is 12% 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

3412 Georgia Lee Dr, Austin, TX 78704

Property Details

Price $515,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths 1
Living Area 1,490 sqft
Lot Size 0.07 acres (2,883.67 sqft)
Year Built 2012
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Sycamore Detached Condo
County Travis
Zip Code 78704
$/sqft $346/sqft
Days on Market ,
HOA $200/Monthly
Annual Tax Est. $10,787.68
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241006094
List Date July 23, 2026
Elementary School Galindo
Middle School Lively
High School Travis
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.

Schedule a Call →

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
910 W 25th St #508
Galileo At 25 Condo
$515,000 $422 2 bd / 2 ba 1,220 sqft , 2026-04-01
2500 Longview St #507
Cascade Condominiums
$515,000 $460 2 bd / 2 ba 1,119 sqft , 2026-04-10
1325 Central Park Ct
Central Park (Salem Center Resub Of Lt B-1)
$515,000 $340 3 bd / 3 ba 1,514 sqft , 2026-06-24
1140 Webberville Rd #9
Ashton East Condominium Townhomes
$515,000 $437 2 bd / 3 ba 1,178 sqft , 2026-06-25
4802 Brighton Rd
Greenwood Forest Sec 02
$515,000 $438 3 bd / 2 ba 1,176 sqft , 2026-07-09

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
$2,472/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
$103,000
20% conventional investment loan

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

Estimated Gross Rent+$2,472
Principal + Interest−$2,811
Property Tax (~2.1% TX avg)−$901
Insurance (~0.5%)−$215
Est. Monthly Cash Flow $-1,455

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →