Active Listing  ·  34 days on market

3845 Ranch Road 2222 None #26/M2

Austin, TX 78731
$265,000
2 Bed 3 Bath 1,167 sqft $227/sqft Built 1984 0.12 acres 2-Car Garage Pool Terraces

Nestled at the gateway to the Texas Hill Country, this inviting all-electric condominium offers the perfect blend of comfort, convenience, and a peaceful Central Austin setting. Enjoy easy access to downtown while coming home to a quiet, well-maintained community. The thoughtfully designed main level features a spacious living room filled with natural light, complete with built-in cabinetry and a cozy fireplace. A patio door opens to a private outdoor space, creating a seamless indoor-outdoor living experience. The dining area also includes built-in cabinetry, while the breakfast bar provides additional seating for casual meals or entertaining. A conveniently located laundry room with shelving is situated just off the kitchen. Upstairs, two generously sized bedrooms offer flexibility for families, roommates, guests, or dedicated office, fitness, or media space. Each bedroom has access to its own full bathroom. A convenient half bath is located on the main level for guests. Additional highlights include an attached two-car garage with two large storage closets, providing ample space for vehicles and belongings. The refrigerator, washer, and dryer convey. Residents enjoy access to a community pool that's perfect for relaxing or swimming laps. Ideally located just minutes from downtown Austin, Lake Austin, MoPac, Loop 360, and The Domain, this home offers exceptional convenience to shopping, dining, recreation, and major commuting routes. The HOA fee is $413 per month and includes water, sewer, trash service, community pool access, and common area maintenance. Recent improvements include a new HVAC system installed in September 2024 by Strand Brothers, along with a new roof and exterior siding completed by the HOA in October 2024.

At $227/sqft, this home is 42% 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

3845 Ranch Road 2222 None #26/M2, Austin, TX 78731

Property Details

Price $265,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths 1
Living Area 1,167 sqft
Lot Size 0.12 acres (5,100.88 sqft)
Year Built 1984
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Terraces
County Travis
Zip Code 78731
$/sqft $227/sqft
Days on Market ,
HOA $413/Monthly
Annual Tax Est. $6,571.75
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237772271
List Date July 1, 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.

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
6821 Old Quarry Ln
Townhomes Northwest Hills
$265,000 $276 2 bd / 2 ba 961 sqft , 2026-03-21
4802 S Congress Ave #217
Bend Condos
$265,000 $321 1 bd / 1 ba 825 sqft , 2025-12-31
9226 Jollyville Rd #122
Arcadia Condo Amd
$265,000 $231 1 bd / 2 ba 1,148 sqft , 2026-02-25
4307 1st St S #101
Pharo Condo
$265,000 $270 2 bd / 2 ba 982 sqft , 2025-08-31
12500 Lamppost Ln #16
CAPITAL A CONDOMINIUMS AT LAMPPOST
$265,000 $190 3 bd / 3 ba 1,398 sqft , 2026-04-29

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
$1,272/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
$53,000
20% conventional investment loan

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

Estimated Gross Rent+$1,272
Principal + Interest−$1,446
Property Tax (~2.1% TX avg)−$464
Insurance (~0.5%)−$110
Est. Monthly Cash Flow $-748

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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