Active Listing  ·  113 days on market

4004 Banister Ln #208

Austin, TX 78704
$349,000
2 Bed 2 Bath 989 sqft $353/sqft Built 2022 0.05 acres Pool Mesa Condos

Recently built condo available for immediate occupancy in Austin's hot 78704 zip code! This 2 bedroom, 1 bath unit in the middle of the complex provides easy access to the elevator, pool with lounge deck, outdoor gas fire pits, and mailboxes. Two assigned covered parking spaces are not too far away from the unit entrance. A dog run and community park provide outdoor space to enjoy. The beautifully designed kitchen comes complete with quartz countertops, tile backsplash, vented exhaust fan, stainless steel appliances, a workspace with built-in desk and cubbies for coats and shoes. The condo has hard surface flooring throughout. No carpet. The open concept living room boasts 10' ceilings and wall-to-wall windows, bathing the space in natural light. The bathroom between the bedrooms has dual vanities and walk-in shower. The large, covered balcony off the back of the unit provides neighborhood views along with a storage closet. The Mesa Condominiums offer a contemporary living experience and are conveniently located near Austin's hot spots, such as So Lamar, S 1st, S Congress, and Downtown. Just 15 minutes from the airport.

At $353/sqft, this home is 10% below the Austin active market average of $393/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

4004 Banister Ln #208, Austin, TX 78704

Property Details

Price $349,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths 1
Living Area 989 sqft
Lot Size 0.05 acres (2,042.96 sqft)
Year Built 2022
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Mesa Condos
County Travis
Zip Code 78704
$/sqft $353/sqft
Days on Market ,
HOA $457/Monthly
Annual Tax Est. $8,710.13
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT231895886
List Date June 1, 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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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · June 1, 2026 $381,000
Previous ask $359,000
Current ask $349,000
Reduced $32,000 (-8.4%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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 #2204
Thornton Trails
$349,000 $475 1 bd / 1 ba 735 sqft , 2026-05-27
1404 Southport Dr #A
1404 Southport Drive Condomini
$349,000 $348 2 bd / 2 ba 1,004 sqft , 2026-07-31
3600 S Lamar Blvd #215
Greenview On Barton Creek Condo
$349,000 $380 1 bd / 2 ba 919 sqft , 2026-09-11
404 Normandy St
Placidena
$349,900 $335 2 bd / 1 ba 1,046 sqft , 2026-08-20
4361 S Congress Ave #636
Public Condos Bldg 3
$350,000 $324 2 bd / 2 ba 1,081 sqft , 2025-06-11

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
$1,675/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
$69,800
20% conventional investment loan

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

Estimated Gross Rent+$1,675
Principal + Interest−$1,905
Property Tax (~2.1% TX avg)−$611
Insurance (~0.5%)−$145
Est. Monthly Cash Flow $-986

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 September 10, 2026.

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