Active Listing  ·  54 days on market

3601 Menchaca Rd #110

Austin, TX 78704
$309,000
2 Bed 1 Bath 812 sqft $381/sqft Built 1980 0.04 acres Pool Sanctuary

** This property is listed for sale & for lease**

Modern style meets unbeatable South Austin convenience in this beautifully updated 2-bedroom, 1-bath end-unit condo. Thoughtfully renovated with designer touches throughout, the light-filled interior features a stunning kitchen with crisp white cabinetry, quartz countertops, stainless steel appliances, subway tile backsplash, and a breakfast bar that opens seamlessly to the dining area.

The bathroom has been completely transformed with a new vanity, marble countertop, elegant brass fixtures, and eye-catching tile surround, creating a bright, spa-inspired retreat. Brand-new carpet installed in both bedrooms in 2025 complements the wood flooring throughout the main living spaces.

As an end unit, you'll enjoy added privacy with neighbors on only one side, along with a private backyard that's ideal for entertaining, grilling, or relaxing outdoors. Residents of the community also enjoy access to the community pool.

Located within walking distance to the Metro and just minutes from South Lamar, Downtown Austin, St. Elmo District, shopping, dining, and entertainment, this home offers exceptional convenience in one of Austin's most desirable locations. Whether you're a first-time homebuyer, investor, or looking for a low-maintenance home in a prime location, this move-in-ready condo is one you won't want to miss.

*This property is listed for sale and for lease**

At $381/sqft, this home is 3% 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

3601 Menchaca Rd #110, Austin, TX 78704

Property Details

Price $309,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 812 sqft
Lot Size 0.04 acres (1,794.67 sqft)
Year Built 1980
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Sanctuary
County Travis
Zip Code 78704
$/sqft $381/sqft
Days on Market ,
HOA $403.69/Monthly
Annual Tax Est. $6,379.63
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT235534916
List Date June 11, 2026
Elementary School Joslin
Middle School Covington
High School Crockett
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
8516 Woodstone Dr
Wooten Terrace Sec 02
$309,000 $343 3 bd / 2 ba 901 sqft , 2026-01-27
6713 West Gate Blvd #A
6713 West Gate Boulevard Condo
$309,000 $302 3 bd / 2 ba 1,024 sqft , 2026-04-24
1910 Robbins Pl #301
Robbins Place Condo Amd
$309,500 $303 2 bd / 2 ba 1,020 sqft , 2025-11-18
11815 Lochridge Dr #B
Quail Hollow Sec 07
$309,900 $295 3 bd / 2 ba 1,050 sqft , 2026-05-14
1121 Peggotty Pl
Copperfield Sec 02-D
$309,999 $285 3 bd / 2 ba 1,086 sqft , 2026-04-16

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
$1,483/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
$61,800
20% conventional investment loan

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

Estimated Gross Rent+$1,483
Principal + Interest−$1,686
Property Tax (~2.1% TX avg)−$541
Insurance (~0.5%)−$129
Est. Monthly Cash Flow $-873

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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