Active Listing  ·  153 days on market

3607 Las Colinas Dr #B

Austin, TX 78731
$399,900
2 Bed 3 Bath 1,365 sqft $293/sqft Built 1972 0.12 acres Pool Las Colinas Amd

Beautifully updated condo in the highly desirable 78731 corridor, offering a functional layout and a prime Northwest Austin location just minutes from some of the city’s most loved amenities.

This thoughtfully refreshed unit features two spacious primary bedrooms upstairs, each with its own ensuite bath, ideal for flexibility, privacy, or shared living arrangements. Updates completed in 2021 include wood-look flooring throughout, fresh interior paint, and modernized bathrooms, creating a clean, cohesive, and move-in ready feel.

The main level offers comfortable living and dining spaces, along with a dedicated indoor laundry area for everyday convenience. Two assigned parking spaces provide ease and accessibility.

Located near 2222 and MoPac, this home offers quick access to Downtown Austin, The Domain, and major employers, while also being close to local favorites for dining, coffee, and outdoor recreation. Enjoy proximity to scenic Hill Country views, nearby parks, and walking trails, all while being tucked into an established residential setting.

A well-balanced combination of location, layout, and updates makes this a standout opportunity in one of Austin’s most consistently sought-after areas.

At $293/sqft, this home is 25% 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

3607 Las Colinas Dr #B, Austin, TX 78731

Property Details

Price $399,900
Status Active Listing
Beds 2
Full Baths 2
Half Baths 1
Living Area 1,365 sqft
Lot Size 0.12 acres (5,183.64 sqft)
Year Built 1972
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Las Colinas Amd
County Travis
Zip Code 78731
$/sqft $293/sqft
Days on Market ,
HOA $389/Monthly
Annual Tax Est. $7,439
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT227451866
List Date April 23, 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 · April 23, 2026 $435,000
Previous ask $415,000
Current ask $399,900
Reduced $35,100 (-8.1%) 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
6109 Bullard Dr #A
Lafayette Place Condo Amd
$399,000 $257 3 bd / 3 ba 1,551 sqft , 2026-08-21
3609 Las Colinas Dr #A
Las Colinas Amended
$374,900 $286 3 bd / 3 ba 1,311 sqft , 2026-08-21
3601 Las Colinas Dr #B
Las Colinas Amd
$350,000 $299 2 bd / 3 ba 1,171 sqft , 2026-06-26
5512 Oakwood Cv #162
Oakwood Hollow Condo Amd
$450,000 $260 3 bd / 3 ba 1,729 sqft , 2026-08-28
5910 Marilyn Dr
Allandale West Sec 04
$485,000 $323 3 bd / 2 ba 1,502 sqft , 2026-05-15

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
$1,920/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
$79,980
20% conventional investment loan

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

Estimated Gross Rent+$1,920
Principal + Interest−$2,182
Property Tax (~2.1% TX avg)−$700
Insurance (~0.5%)−$167
Est. Monthly Cash Flow $-1,129

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 31, 2026.

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