Active Listing  ·  33 days on market

3609 Las Colinas Dr #A

Austin, TX 78731
$374,900
3 Bed 3 Bath 1,311 sqft $286/sqft Built 1973 0.13 acres Pool Las Colinas Amended

Completely remodeled and move-in ready, this stunning hill country retreat offers the perfect blend of modern design, low-maintenance living, and an incredible central Austin location. Nestled in the hills just off FM 2222 and MoPac, you'll enjoy a peaceful, tree-filled setting just minutes from Downtown Austin, The Domain, Lake Austin, and The Arboretum.

Inside, the thoughtfully redesigned interior features luxury vinyl plank flooring throughout, an open-concept living area with a contemporary fireplace, abundant natural light, and a beautifully remodeled kitchen with quartz countertops, stainless steel appliances, white cabinetry, and recessed LED lighting. Every room has been tastefully updated, creating a truly turnkey home. Plus, enjoy the peace of mind that comes with a brand-new roof.

Step outside to your private patio—perfect for relaxing or entertaining beneath the mature trees. Residents enjoy access to an oversized gated community pool, private neighborhood nature trails, covered parking, and maintenance-free living with exterior and grounds maintenance handled for you. Whether you're looking for a primary residence or an easy lock-and-leave lifestyle, this home offers exceptional convenience in one of Austin's most desirable locations.

At $286/sqft, this home is 27% 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

3609 Las Colinas Dr #A, Austin, TX 78731

Property Details

Price $374,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,311 sqft
Lot Size 0.13 acres (5,793.48 sqft)
Year Built 1973
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Las Colinas Amended
County Travis
Zip Code 78731
$/sqft $286/sqft
Days on Market ,
HOA $430/Monthly
Annual Tax Est. $6,543.74
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241930428
List Date August 21, 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 · August 21, 2026 $395,000
Current ask $374,900
Reduced $20,100 (-5.1%) 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
3601 Las Colinas Dr #B
Las Colinas Amd
$350,000 $299 2 bd / 3 ba 1,171 sqft , 2026-06-26
3607 Las Colinas Dr #B
Las Colinas Amd
$399,900 $293 2 bd / 3 ba 1,365 sqft , 2026-04-23
5512 Oakwood Cv #162
Oakwood Hollow Condo Amd
$450,000 $260 3 bd / 3 ba 1,729 sqft , 2026-08-28
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
$1,800/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
$74,980
20% conventional investment loan

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

Estimated Gross Rent+$1,800
Principal + Interest−$2,046
Property Tax (~2.1% TX avg)−$656
Insurance (~0.5%)−$156
Est. Monthly Cash Flow $-1,058

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 September 16, 2026.

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