Active Listing  ·  20 days on market

4008 Montage Pass

Austin, TX 78731
$1,378,221
3 Bed 4 Bath 3,270 sqft $421/sqft Built 2026 0.06 acres 2-Car Garage Pool New Construction Grove

Photos are illustrative only-home is under construction. The Grove is one of Austin’s most dynamic mixed-use communities, this property offers a blend of modern living and urban convenience surrounded by parks, trails, and preserved green space. Residents enjoy a walkable lifestyle with boutique retail, fitness and wellness studios, and some of Austin’s most sought-after dining options just steps away. Designed for connection and outdoor enjoyment, the community features pedestrian friendly streets, gathering spaces, and direct access to nature, all in a highly central location. This Laurel G townhome by MSignature Homes will deliver 3,270 sq ft of thoughtfully designed living across three levels with 3 bedrooms, 3 full baths, and 1 half bath. A private elevator will provide seamless access to each floor, enhancing both comfort and functionality. The main level features a chef’s kitchen with 10' cabinetry, quartz countertops, and elevated finishes that combine style with everyday usability. The open design flows effortlessly into the main living area, creating an ideal space for entertaining or relaxed daily living. The expansive primary suite offers a spa inspired bath featuring a separate soaking tub, walk-in shower, and well-appointed layout. A second living area adds flexibility for a media room, office, or guest space. Additional highlights include hardwood flooring, private covered balcony, professional landscaping, and a striking European inspired exterior. Enjoy the lush view of Pocket Park from your patio and balcony. A 2-car garage provides added convenience and storage. The Grove places you just minutes from downtown Austin with exceptional access to the city’s top destinations, a pedestrian bridge connects directly to Central Market and nearby Shoal Creek trails offer miles of outdoor recreation. With close proximity to major employment hubs, medical centers, shopping, dining, and entertainment, this location supports a true lock and leave lifestyle.

At $421/sqft, this home is priced 8% 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

4008 Montage Pass, Austin, TX 78731

Property Details

Price $1,378,221
Status Active Listing
Beds 3
Full Baths 3
Half Baths 1
Living Area 3,270 sqft
Lot Size 0.06 acres (2,570.04 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Grove
County Travis
Zip Code 78731
$/sqft $421/sqft
Days on Market ,
HOA $437/Monthly
Annual Tax Est. $1,051.85
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT240024299
List Date July 15, 2026
Elementary School Bryker Woods
Middle School O Henry
High School Austin
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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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
2207 Forest Trl #A
Windsor Road/Forest Trail Condo
$1,375,000 $424 4 bd / 5 ba 3,240 sqft , 2026-04-10
3412 South Oak Dr #A
South Oak
$1,375,000 $576 3 bd / 3 ba 2,389 sqft , 2026-05-07
5105 N Rim Dr
Vista West
$1,375,000 $510 4 bd / 3 ba 2,698 sqft , 2026-06-02
8300 Hathaway Dr
Dixie Terrace
$1,374,999 $532 4 bd / 3 ba 2,585 sqft , 2026-05-13
2603 Sol Wilson Ave
Homewood Heights
$1,385,000 $561 4 bd / 4 ba 2,468 sqft , 2026-04-21

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
$6,615/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
$275,644
20% conventional investment loan

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

Estimated Gross Rent+$6,615
Principal + Interest−$7,522
Property Tax (~2.1% TX avg)−$2,412
Insurance (~0.5%)−$574
Est. Monthly Cash Flow $-3,893

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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