Active Listing  ·  139 days on market

3840 Far West Blvd #101

Austin, TX 78731
$250,000
2 Bed 2 Bath 849 sqft $294/sqft Built 1982 0.03 acres 1-Car Garage Pool Far West Skyline Condo

Located in the vibrant Northwest Hills neighborhood, this condominium is the ideal retreat, with a blend of privacy and proximity to all that Austin has to offer. This well-maintained residence is in the highly sought-after gated Skyline community, nestled among mature oak trees and featuring a stucco facade and community pool. The living room is inviting and complete with a cozy fireplace and opens to a private patio and outdoor space. The kitchen features granite countertops, stainless-steel appliances, and an adjacent laundry room. The primary bedroom features an en-suite bathroom with a shower/tub combo. The second room serves as a versatile flex space - perfect for a guest room, home office, or gym. Thoughtfully renovated for wheelchair accessibility, this first-level unit ensures comfort and convenience for all. Skyline’s central location provides easy walkability to local parks and is just minutes to the Dell Community Center, AISD schools (Doss Elementary, Murchison Middle School, Anderson High School) and is a quick 15-minute commute to downtown Austin. Buyer and buyer's agent to verify tax rate and tax amount.

At $294/sqft, this home is 25% 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

3840 Far West Blvd #101, Austin, TX 78731

Property Details

Price $250,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths 1
Living Area 849 sqft
Lot Size 0.03 acres (1,350.36 sqft)
Year Built 1982
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Far West Skyline Condo
County Travis
Zip Code 78731
$/sqft $294/sqft
Days on Market ,
HOA $453/Monthly
Annual Tax Est. $2,274.39
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT222333085
List Date March 18, 2026
Elementary School Doss (Austin ISD)
Middle School Murchison
High School Anderson
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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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
710 E Dean Keeton St #212
Century Condo
$250,000 $418 1 bd / 1 ba 598 sqft , 2026-01-03
9525 N Capital Of Texas Hwy #623
Loop Condo
$250,000 $257 2 bd / 1 ba 972 sqft , 2026-01-08
4159 Steck Ave #258
Mesa Village Condo Amd
$250,000 $237 2 bd / 2 ba 1,056 sqft , 2026-02-13
8210 Bent Tree Rd #116
Arbors
$250,000 $311 2 bd / 1 ba 805 sqft , 2026-05-16
14815 Avery Ranch Blvd #1401
Commons At Avery Ranch Condo
$250,000 $229 2 bd / 2 ba 1,090 sqft , 2026-05-09

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
$1,200/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
$50,000
20% conventional investment loan

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

Estimated Gross Rent+$1,200
Principal + Interest−$1,364
Property Tax (~2.1% TX avg)−$438
Insurance (~0.5%)−$104
Est. Monthly Cash Flow $-706

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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