Active Listing  ·  110 days on market

3839 Dry Creek Dr #106

Austin, TX 78731
$230,000
1 Bed 1 Bath 713 sqft $323/sqft Built 1981 0.08 acres Pool Dry Creek West Condo

Amazing central Austin condo. Fully furnished and move in ready! Rebuilt from the studs out in 2018. This gorgeous condo features tons of upgrades including stunning quartz counters, stainless appliances, LVN flooring throughout, new high end HVAC installed in 2023, Tankless water heater in 2021 and water filtration installed in 2024. This home offers comfortable living with a cozy fireplace and a private balcony overlooking a peaceful wet-weather creek and woods, providing a quiet natural setting in the heart of the city. The community features landscaped grounds with mature trees and shaded green spaces. Residents enjoy excellent amenities including two swimming pools, a hot tub, and picnic areas, perfect for relaxing or gathering with friends and neighbors. Ideally located with easy access to FM 2222 and Mopac, this condo offers convenient commuting to Downtown Austin, The Domain, the University of Texas, and major employers. Nearby shopping, dining, and entertainment add to the appeal of this desirable Central Austin location. A fantastic opportunity for owners or investors!

At $323/sqft, this home is 18% 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

3839 Dry Creek Dr #106, Austin, TX 78731

Property Details

Price $230,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 713 sqft
Lot Size 0.08 acres (3,458.66 sqft)
Year Built 1981
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Dry Creek West Condo
County Travis
Zip Code 78731
$/sqft $323/sqft
Days on Market ,
HOA $410/Monthly
Annual Tax Est. $4,125.82
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT232752229
List Date June 5, 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 5, 2026 $246,000
Previous ask $244,000
Current ask $230,000
Reduced $16,000 (-6.5%) 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
3840 Far West Blvd #101
Far West Skyline Condo
$250,000 $294 2 bd / 2 ba 849 sqft , 2026-03-18

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
$1,104/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
$46,000
20% conventional investment loan

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

Estimated Gross Rent+$1,104
Principal + Interest−$1,255
Property Tax (~2.1% TX avg)−$403
Insurance (~0.5%)−$96
Est. Monthly Cash Flow $-650

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 2, 2026.

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