Active Listing  ·  48 days on market

4004 Banister Ln #303

Austin, TX 78704
$279,000
1 Bed 1 Bath 870 sqft $321/sqft Built 2022 0.04 acres Pool MESA CONDOMINIUMS

Priced to sell well below market value and tax appraisal value! Comes with refrigerator/washer/dryer, an additional dedicated storage unit #3 and one parking spot. Don't miss this amazing deal!

Designed for effortless living, this modern unit features soaring ceilings, quartz countertops, and a private balcony with downtown views and an outdoor storage closet. Enjoy the spacious layout: Perfect for entertaining, with an expansive living area and a BONUS ROOM (barn door closure) that can serve as an office, den, art studio, dining room or extra bedroom. The thoughtfully designed kitchen features upgraded cabinetry, a gas range, stainless steel appliances, and quartz counters that flow seamlessly into the light-filled living area. The bathroom showcases modern finishes and a walk-in shower with bench seating. The gated community offers resort-style amenities including a pool, private dog run, EV charging options, Amazon lockers and an elevator--all within minutes of SoCo, SoFi, South Lamar, St. David’s South, and 4 miles to downtown Austin-- just 12 minutes to the airport and 22 minutes to the Domain. HOA fees cover common-area maintenance, landscaping, security, and trash service for easy ownership and lock-and-leave convenience.

Enjoy the serene ambiance from your top-floor retreat. Convenient and gated, with plenty of visitor parking available. Assigned Covered Parking #303. If another spot is needed there may be one for rent. Public transportation is available just outside the community. MESA features 45 highly-designed one & two bedroom flats in 78704. The yard sculptures were created by Marfa-based artist, Paul Oglesby. Live close to the best dining, nightlife, and wellness offerings the city has to offer.

At $321/sqft, this home is 18% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

4004 Banister Ln #303, Austin, TX 78704

Property Details

Price $279,000
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 $321/sqft
Days on Market ,
HOA $410.17/Monthly
Annual Tax Est. $7,550.02
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT229190139
List Date June 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
6444 Burnet Rd #403
Crestview
$279,000 $344 1 bd / 1 ba 810 sqft , 2026-04-15
4159 Steck Ave #225
Mesa Village Condo Amd
$279,000 $266 2 bd / 2 ba 1,048 sqft , 2026-07-30
3815 Guadalupe None #207
Avenel At Hyde Park Condo
$279,900 $335 2 bd / 1 ba 836 sqft , 2025-02-04
2804 Rio Grande St #208
Westview Condo
$279,900 $344 2 bd / 2 ba 814 sqft , 2026-06-24
2907 Pearl St #102
Pearl Street Condo Ph 01
$279,900 $299 2 bd / 2 ba 936 sqft , 2026-07-23

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
$1,339/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
$55,800
20% conventional investment loan

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

Estimated Gross Rent+$1,339
Principal + Interest−$1,523
Property Tax (~2.1% TX avg)−$488
Insurance (~0.5%)−$116
Est. Monthly Cash Flow $-788

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →
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 June 28, 2026.

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