Active Listing  ·  96 days on market

3500 Harmon Ave #7

Austin, TX 78705
$875,000
3 Bed 4 Bath 2,040 sqft $429/sqft Built 2021 0.04 acres 2-Car Garage Pool Austin Modern Lofts Condos

Welcome to Austin Modern Lofts, this is a the premium unit in the community. A gated enclave of contemporary residences just minutes from Downtown Austin. This stylish three story, 3-bedroom, 3.5-bath home offers true lock-and-leave ease with elevated finishes and an unbeatable central location near the Medical District, UT campus, Darrell K Royal–Texas Memorial Stadium, and some of Austin’s best dining, museums, trails, and entertainment—along with walkable access to top-rated Russell Lee Elementary School, an A-rated National Blue Ribbon campus.

Built in 2020, the residence showcases open-concept living with soaring ceilings, wide-plank wood floors, and oversized 6’ x 5’ windows that flood the space with natural light. The chef’s kitchen is both functional and striking, featuring Bosch stainless appliances, a wine refrigerator, double-stacked upgraded cabinetry, and Level V quartz countertops.

Designer marble-clad bathrooms throughout feature marble floors and showers, creating a cohesive and elevated aesthetic. The primary suite is a true retreat, highlighted by a spa-like bath wrapped in marble with refined, timeless finishes.

Enjoy seamless indoor-outdoor living on the second-floor balcony, complete with multimedia wiring and electrical connections for fan/lighting, as well as gas lines—perfect for year-round entertaining. This is 1 of only 2 units with outdoor living space, and is the largest balcony.

Additional features include a private two-car side-by-side garage with a 240V outlet for EV charging and HOA-maintained landscaping. Enjoy a highly walkable neighborhood with nearby retail and exciting new mixed-use development bringing even more dining and lifestyle options just moments away. Modern design, low-maintenance living, and a prime location come together in this exceptional Austin home.

Murphy bed does not convey with property.

At $429/sqft, this home is priced 10% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

3500 Harmon Ave #7, Austin, TX 78705

Property Details

Price $875,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths 1
Living Area 2,040 sqft
Lot Size 0.04 acres (1,742.4 sqft)
Year Built 2021
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Austin Modern Lofts Condos
County Travis
Zip Code 78705
$/sqft $429/sqft
Days on Market ,
HOA $350/Monthly
Annual Tax Est. $11,643.76
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT227857994
List Date April 30, 2026
Elementary School Lee
Middle School Kealing
High School McCallum
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
7705 Shelton Rd
Burleson
$875,000 $518 3 bd / 2 ba 1,689 sqft , 2026-01-08
3905 Vantage Dr
The Grove
$875,000 $408 4 bd / 4 ba 2,144 sqft , 2026-03-03
603 Anfield Cir
Lakeway Highlands Ph 2 Sec 3
$875,000 $330 4 bd / 3 ba 2,648 sqft , 2026-05-04
3814 Ridgelea Dr #A
Ridgelea Court
$875,000 $438 3 bd / 3 ba 2,000 sqft , 2026-05-22
2301 Bluebonnet Ln #4
Bluebonnet Lane Cityhomes Condo
$875,000 $405 3 bd / 4 ba 2,162 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
$4,200/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
$175,000
20% conventional investment loan

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

Estimated Gross Rent+$4,200
Principal + Interest−$4,775
Property Tax (~2.1% TX avg)−$1,531
Insurance (~0.5%)−$365
Est. Monthly Cash Flow $-2,471

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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