Active Listing  ·  0 days on market

4004 Banister Ln #202

Austin, TX 78704
$299,000
1 Bed 1 Bath 870 sqft $344/sqft Built 2022 0.04 acres Pool Mesa Condominiums

Located in a quiet, tree-lined development off Banister Lane, this condo offers a peaceful retreat in the heart of South Austin. You’re perfectly positioned for local favorites, sitting just five minutes from the dining and shopping on South 1st Street and South Congress, while remaining a quick 15-minute commute to Downtown Austin. It is the ideal "quiet pocket" for those who want immediate access to the city’s best neighborhoods without being in the middle of the action.The layout features a high-end built-in Murphy bed, providing the flexibility of a two-bedroom floor plan within an efficient, modern footprint. Every detail, from the furniture to the finishes, is already in place, offering a seamless, low-maintenance lifestyle in one of Austin’s most sought-after zip codes.

At $344/sqft, this home is 12% 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 #202, Austin, TX 78704

Property Details

Price $299,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 870 sqft
Lot Size 0.04 acres (1,799.03 sqft)
Year Built 2022
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Mesa Condominiums
County Travis
Zip Code 78704
$/sqft $344/sqft
Days on Market ,
HOA $400/Monthly
Annual Tax Est. $7,796.39
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT244450964
List Date August 24, 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
2505 Thornton Rd #2211
Thornton Trails
$299,000 $401 1 bd / 1 ba 745 sqft , 2026-02-25
4004 Banister Ln #211
Banister Heights
$300,000 $444 1 bd / 1 ba 675 sqft , 2026-07-27
4903 Richmond Ave #B
Glenwood Square
$297,000 $391 2 bd / 1 ba 759 sqft , 2026-06-10
4004 Banister Ln #209
Mesa Condos
$295,000 $437 1 bd / 1 ba 675 sqft , 2026-06-25
1912 Lightsey Rd #4
1912 Lightsey Condominiums
$305,000 $298 2 bd / 2 ba 1,024 sqft , 2026-05-16

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
$1,435/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
$59,800
20% conventional investment loan

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

Estimated Gross Rent+$1,435
Principal + Interest−$1,632
Property Tax (~2.1% TX avg)−$523
Insurance (~0.5%)−$125
Est. Monthly Cash Flow $-845

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 24, 2026.

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