Active Listing  ·  26 days on market

3900 Berkman Dr #315

Austin, TX 78723
$314,900
1 Bed 1 Bath 664 sqft $474/sqft Built 2026 0.68 acres Pool New Construction Concourse at Mueller Condominiums

New construction at the southern entrance to Mueller, Concourse pairs 34 residences with 5,000 square feet of ground-floor retail on Berkman Drive. The building sits directly across from the historic Mueller Airport Control Tower, with views of the landmark from many of the homes. Concourse offers a mix of studio, one, and two bedroom condos ranging from 495 to 933 square feet. Residences feature 10-foot ceilings, hard-surface flooring throughout, gas stovetops, tankless water heaters, in-unit washer and dryer, and a private balcony on every home. Concourse is built of poured-in-place concrete and wrapped in brick, stucco, steel, and glass. Inside, open-air corridors lead to elevator access, secure building entry, controlled bike storage, and storage units available for purchase. Residents also share the Flight Deck, a private mezzanine lounge looking out at the control tower. Living at Concourse provides access to Mueller's full neighborhood amenity network, with Mueller Lake Park, the Sunday farmers market at the Browning Hangar, Alamo Drafthouse and the Thinkery on Aldrich, the H-E-B at Lake Park, and the trails, pools, and greenways that anchor one of the most desirable neighborhoods in central Austin.

At $474/sqft, this home is priced 21% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

3900 Berkman Dr #315, Austin, TX 78723

Property Details

Price $314,900
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 664 sqft
Lot Size 0.68 acres (29,472.7 sqft)
Year Built 2026
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Concourse at Mueller Condominiums
County Travis
Zip Code 78723
$/sqft $474/sqft
Days on Market ,
HOA $374.7/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT239288511
List Date July 9, 2026
Elementary School Blanton
Middle School Lamar (Austin ISD)
High School Northeast Early College
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
1908 San Antonio St #303
BUENA VISTA CONDOMINIUMS
$315,000 $356 2 bd / 2 ba 885 sqft , 2026-05-27
1320 Robert Browning St #308
Greenway Lofts Condo Amd
$315,000 $572 1 bd / 1 ba 551 sqft , 2026-06-09
1119 Mark St #D
Pecan Valley
$315,000 $438 2 bd / 1 ba 720 sqft , 2026-07-06
203 E 31st St #204
Thirty 01 Street Condo Amd
$315,000 $378 2 bd / 2 ba 834 sqft , 2026-06-25
800 Embassy Dr #413
Sarah and Lydia M. Robertson's Subdivision
$317,000 $444 1 bd / 1 ba 714 sqft , 2026-03-04

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
$1,512/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
$62,980
20% conventional investment loan

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

Estimated Gross Rent+$1,512
Principal + Interest−$1,719
Property Tax (~2.1% TX avg)−$551
Insurance (~0.5%)−$131
Est. Monthly Cash Flow $-889

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 →

Neighborhood Context

About Mueller

Mueller was built on the site of Austin's old Robert Mueller Municipal Airport, which closed in 1999. What replaced it is one of the most thoughtfully planned urban neighborhoods in Texas - a mix of single-family homes, townhomes, condos, and apartments built around parks, trails, and walkable retail.

The neighborhood is anchored by Mueller Lake Park, a 30-acre park and pond at its center, and the Mueller Farmers' Market (one of Austin's best) runs every Sunday. Aldrich Street - Mueller's main commercial strip - has restaurants, coffee shops, and retail that serve the neighborhood without overwhelming it.

🌿
Mueller Lake Park

30-acre park with a pond, walking trails, splash pad, and dog park at the center of the neighborhood. Feels like a central park for the community.

🛒
Sunday Farmers Market

One of Austin's most attended farmers markets runs every Sunday year-round on Aldrich Street. A true neighborhood institution.

🏗️
Built Green

Mueller has one of the highest concentrations of green-certified homes in Austin. Many homes feature solar panels, rainwater collection, and energy-efficient construction.

🚲
Trail Network

Extensive internal trail system connects the neighborhood, plus connections to the larger Austin trail network. Cycling and walking are genuinely practical here.

Full Mueller Guide →

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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