Active Listing  ·  50 days on market

4004 Banister Ln #209

Austin, TX 78704
$295,000
1 Bed 1 Bath 675 sqft $437/sqft Built 2022 0.03 acres Pool Mesa Condos

Invest, live, or lease, the choice is yours!

Unlock the possibilities at 4004 Banister Ln #209 in the heart of 78704! This 1 bedroom, 1 bath condo offers a rare opportunity with both short-term rental capability and newly expanded long-term leasing options through the HOA, making it an appealing choice for investors and owner-occupants alike. Inside, you'll find 10-foot ceilings, no carpet, and durable, luxury vinyl plank flooring throughout. The kitchen features granite countertops, abundant counter space, and plenty of storage in the custom cabinetry. Thoughtful upgrades include built-in closet shelving and custom storage on both sides of the bed for added functionality. Step outside to a spacious covered patio with downtown views and an additional storage closet. The unit also includes one covered parking space, Google Fiber for high-speed connectivity, and the convenience of an on-site Amazon locker for secure package delivery. Located less than 10 minutes from Downtown Austin with quick access to Ben White, IH-35, and Mopac, this prime 78704 location puts dining, entertainment, parks, and major employers within easy reach.

At $437/sqft, this home is priced 12% above the Austin active market average of $390/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

4004 Banister Ln #209, Austin, TX 78704

Property Details

Price $295,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 675 sqft
Lot Size 0.03 acres (1,393.92 sqft)
Year Built 2022
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Mesa Condos
County Travis
Zip Code 78704
$/sqft $437/sqft
Days on Market ,
HOA $280/Monthly
Annual Tax Est. $6,403.43
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT229657772
List Date June 25, 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 25, 2026 $345,000
Current ask $295,000
Reduced $50,000 (-14.5%) 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
806 W 24th St #300
Croix Condo Amd
$294,900 $412 2 bd / 1 ba 715 sqft , 2026-04-01
300 Crockett St #114
Courtyard Condo Amd
$294,500 $346 2 bd / 1 ba 851 sqft , 2026-04-11
4903 Richmond Ave #B
Glenwood Square
$297,000 $391 2 bd / 1 ba 759 sqft , 2026-06-10
1304 Summit St #101
Sunnyvale Villas A Condo
$299,000 $391 2 bd / 1 ba 764 sqft , 2026-01-26
2505 Thornton Rd #2211
Thornton Trails
$299,000 $401 1 bd / 1 ba 745 sqft , 2026-02-25

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
$1,416/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
$59,000
20% conventional investment loan

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

Estimated Gross Rent+$1,416
Principal + Interest−$1,610
Property Tax (~2.1% TX avg)−$516
Insurance (~0.5%)−$123
Est. Monthly Cash Flow $-833

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 →