Active Listing  ·  8 days on market

4004 Banister Ln #211

Austin, TX 78704
$300,000
1 Bed 1 Bath 675 sqft $444/sqft Built 2022 0.03 acres Pool Banister Heights

Don’t miss this striking 1 bedroom, 1 bathroom, end-unit condo in the heart of 78704, offering an abundance of

natural light and a functional open living space. Located in The Mesa Condominiums, a secure gated community

featuring covered and designated parking, a sparkling pool, and pet-friendly amenities. Step out onto your private

balcony with views overlooking the lap pool and fenced dog park — perfect for relaxing or entertaining. Inside, you’ll

find ample storage, including wall cabinets, a spacious bedroom closet, and an additional outdoor storage closet. The unit is equipped with washer/dryer connections for added convenience. Enjoy quick access to South Austin’s favorite hotspots, including The Yard, South Congress, and Downtown, with Austin-Bergstrom Airport just 15 minutes away. This is the perfect opportunity to live in one of Austin’s most vibrant neighborhoods — schedule your tour today!

At $444/sqft, this home is priced 14% 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

4004 Banister Ln #211, Austin, TX 78704

Property Details

Price $300,000
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 Banister Heights
County Travis
Zip Code 78704
$/sqft $444/sqft
Days on Market ,
HOA $427.66/Monthly
Annual Tax Est. $4,813.8
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240815824
List Date July 27, 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.

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
3009 Speedway None #2
Allison Laura L Resub
$300,000 $435 2 bd / 1 ba 689 sqft , 2026-06-30
1510 6th St W #110
1510 West 6th Street Condo
$299,999 $568 1 bd / 1 ba 528 sqft , 2025-07-17
3709 Tower View Ct
Manor Hill
$299,990 $338 2 bd / 1 ba 888 sqft , 2025-08-13
2509 Pearl St #7
Valencia Condo
$299,900 $335 2 bd / 2 ba 895 sqft , 2026-02-05
4510 Terry-O Ln #210
Station at St Elmo
$299,900 $399 1 bd / 1 ba 752 sqft , 2026-04-13

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
$1,440/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
$60,000
20% conventional investment loan

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

Estimated Gross Rent+$1,440
Principal + Interest−$1,637
Property Tax (~2.1% TX avg)−$525
Insurance (~0.5%)−$125
Est. Monthly Cash Flow $-847

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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