Active Listing  ·  89 days on market

3601 Las Colinas Dr #B

Austin, TX 78731
$350,000
2 Bed 3 Bath 1,171 sqft $299/sqft Built 1973 0.12 acres Pool Las Colinas Amd

Price dropped $25,000! Lovely complex in super Central location with quick access to downtown – just minutes to MoPac*Charming updated unit*Features include wood flooring, white kitchen cabinets, granite countertops, stainless steel appliances including refrigerator, breakfast bar, two Lazy Susans for extra kitchen storage, updated lighting and fixtures* Window wall in living room with balcony and treetop views* Wet bar in living*French doors to patio*Updated bathrooms have granite countertops, updated hardware, tile flooring and soaking tub*The primary bedroom is spacious and features a balcony overlooking the West Austin hills, his & hers closets*Private exterior patio*Laundry/storage room adjacent to patio*Two-car covered carport at back of unit*Charming cozy complex with beautiful green spaces & gorgeous pool for residents*This unit backs to greenspace*HOA fee covers water & trash*

At $299/sqft, this home is 24% below the Austin active market average of $393/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

3601 Las Colinas Dr #B, Austin, TX 78731

Property Details

Price $350,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths 2
Living Area 1,171 sqft
Lot Size 0.12 acres (5,314.32 sqft)
Year Built 1973
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Las Colinas Amd
County Travis
Zip Code 78731
$/sqft $299/sqft
Days on Market ,
HOA $395/Monthly
Annual Tax Est. $6,152.31
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237426361
List Date June 26, 2026
Elementary School Highland Park
Middle School Lamar (Austin ISD)
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.

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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 · June 26, 2026 $375,000
Current ask $350,000
Reduced $25,000 (-6.7%) 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
3609 Las Colinas Dr #A
Las Colinas Amended
$374,900 $286 3 bd / 3 ba 1,311 sqft , 2026-08-21
6109 Bullard Dr #A
Lafayette Place Condo Amd
$399,000 $257 3 bd / 3 ba 1,551 sqft , 2026-08-21
3607 Las Colinas Dr #B
Las Colinas Amd
$399,900 $293 2 bd / 3 ba 1,365 sqft , 2026-04-23
7122 Wood Hollow Dr #71
Edgecliff NW Condo Amd
$279,500 $241 2 bd / 2 ba 1,158 sqft , 2026-08-26
6501 E Hill Dr #111
Imperial Condo
$265,000 $245 2 bd / 2 ba 1,080 sqft , 2026-07-23

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
$1,680/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
$70,000
20% conventional investment loan

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

Estimated Gross Rent+$1,680
Principal + Interest−$1,910
Property Tax (~2.1% TX avg)−$613
Insurance (~0.5%)−$146
Est. Monthly Cash Flow $-989

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 21, 2026.

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