Active Listing  ·  70 days on market

4004 Banister Ln #309

Austin, TX 78704
$360,000
1 Bed 1 Bath 675 sqft $533/sqft Built 2024 0.96 acres Pool New Construction MESA Condominiums

Welcome to 4005 Banister Ln #309, a modern 1-bedroom, 1-bathroom condo in the highly desirable MESA community, located in the heart of Austin’s thriving 78704 zip code. With 675 square feet of well-designed interior space, this home offers the perfect blend of clean contemporary style, efficient layout, and premium amenities, ideal for today's buyer who values both form and function. Step inside to find quartz countertops, stainless steel appliances, custom cabinetry, and luxury vinyl plank flooring throughout. Natural light pours in through oversized windows, while floor-to-ceiling windows and a large commercial-grade glass door lead to your private balcony, creating an indoor-outdoor living experience in a lock-and-leave condo. Mesa residents enjoy access to resort-style amenities, including a sparkling pool, sun deck, covered parking, gated entry, and a dedicated dog run—everything you need for easy, low-maintenance living in the city. With walkability to South Lamar, South First, and SoCo, and just minutes to downtown Austin, this is a prime location for professionals, creatives, and anyone who wants to be at the center of it all. In today’s buyer-friendly market, value and flexibility matter more than ever. That’s why this unit qualifies for zero down and no PMI financing through our preferred lender, making it an ideal option for first-time buyers or anyone looking to get into Austin real estate without sacrificing quality or location.

At $533/sqft, this home is priced 36% 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 #309, Austin, TX 78704

Property Details

Price $360,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 675 sqft
Lot Size 0.96 acres (41,861.16 sqft)
Year Built 2024
Garage ,
Stories ,
Type Residential · Condominium
Subdivision MESA Condominiums
County Travis
Zip Code 78704
$/sqft $533/sqft
Days on Market ,
HOA $263/Monthly
Annual Tax Est. $5,400.62
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT231422746
List Date May 26, 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
2124 E 6th St #305
Twentyone24 Condo Amd
$360,000 $433 1 bd / 1 ba 832 sqft , 2026-04-08
715 22 1/2 St #101
Georgian Condo
$360,000 $450 2 bd / 2 ba 800 sqft , 2026-06-04
800 Brazos St #705
Brazos Place Condo Amd
$360,000 $404 1 bd / 1 ba 891 sqft , 2026-08-03
1701 Simond Ave #615
Muller
$359,950 $586 1 bd / 1 ba 614 sqft , 2026-05-06
806 W 24th St #213
Croix Condo Amd
$359,000 $397 2 bd / 2 ba 904 sqft , 2026-06-22

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
$1,728/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
$72,000
20% conventional investment loan

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

Estimated Gross Rent+$1,728
Principal + Interest−$1,965
Property Tax (~2.1% TX avg)−$630
Insurance (~0.5%)−$150
Est. Monthly Cash Flow $-1,017

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 →