Active Listing  ·  33 days on market

4004 Banister Ln #115

Austin, TX 78704
$399,000
2 Bed 2 Bath 1,227 sqft $325/sqft Built 2023 Pool Mesa Condominiums

Rarely available in the heart of 78704, this 2-bedroom, 2-bath condominium offers stylish, low-maintenance living with a private fenced yard. Expansive floor-to-ceiling windows fill the residence with natural light, while the contemporary kitchen features stainless steel appliances, generous cabinetry, and ample storage. Both bedrooms include spacious walk-in closets, and thoughtful upgrades throughout include motorized window shades, Lutron smart lighting, and an ADT security system. The property also includes two designated covered parking spaces and two private storage units within a secure, gated community. Residents enjoy access to a lap pool and dedicated dog park. Conveniently located near South Congress, South Lamar, Downtown Austin, Lady Bird Lake, and Zilker Park, this exceptional residence combines privacy, comfort, and easy access to some of Austin's most popular destinations. Available furnished!

At $325/sqft, this home is 17% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

4004 Banister Ln #115, Austin, TX 78704

Property Details

Price $399,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,227 sqft
Lot Size ,
Year Built 2023
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Mesa Condominiums
County Travis
Zip Code 78704
$/sqft $325/sqft
Days on Market ,
HOA $817/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240553053
List Date July 22, 2026
Elementary School Galindo
Middle School Lively
High School Travis
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
4501 Gillis St
Forest Oaks
$400,000 $424 3 bd / 1 ba 944 sqft , 2026-04-28
3600 S Lamar Blvd #210
Greenview On Barton Creek Condo
$389,900 $356 1 bd / 2 ba 1,095 sqft , 2026-08-13
3600 S Lamar Blvd #206
Greenview On Barton Creek Condo
$409,990 $388 2 bd / 2 ba 1,058 sqft , 2026-07-31
1805 Fair Oaks Dr
Deer Park Sec 01
$409,999 $415 3 bd / 1 ba 988 sqft , 2026-08-21
2505 Thornton Road Rd #2305
Thornton Trails
$385,000 $405 2 bd / 1 ba 950 sqft , 2026-05-04

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
$1,915/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
$79,800
20% conventional investment loan

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

Estimated Gross Rent+$1,915
Principal + Interest−$2,178
Property Tax (~2.1% TX avg)−$698
Insurance (~0.5%)−$166
Est. Monthly Cash Flow $-1,127

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 August 5, 2026.

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