Active Listing  ·  26 days on market

409 W 55th 1/2 St #1

Austin, TX 78751
$875,000
3 Bed 3 Bath 1,634 sqft $535/sqft Built 2019 0.07 acres 1-Car Garage Pool 409 W 55TH 1/2 STREET CONDOMINIUMS

This sophisticated, low-maintenance home delivers the ultimate central Austin lifestyle. Tailored for buyers who prioritize lock-and-leave convenience, this home features premium finishes and thoughtfully designed spaces.??The main level is designed for effortless entertaining, featuring open-concept living and dining areas anchored by industrial-chic concrete flooring. Oversized windows and sliding glass doors flood the space with natural light while connecting the interior to a kids- and pets-friendly turfed backyard retreat. An added screened-in porch provides a sanctuary for morning coffee or evening unwinding. Chef-ready kitchen boasting an expansive island, quartz countertops, stainless-steel gas appliances, wine fridge, bar area, and abundant storage. Custom-made electronic premium blinds installed throughout the house. ?

Separated from the main living space, the 2nd floor includes all three bedrooms and 2 bathrooms. The primary suite features a serene space, walk-in closet, and spacious shower.  The two additional bedrooms are generously sized and share the updated hall bath.

This property offers a unique, move-in-ready opportunity in a sought-after location. It is perfect for first-time homebuyers looking to avoid old-house headaches or downsizers seeking a low-maintenance lifestyle, comfortable outdoor areas, and garage parking without sacrificing everyday functionality. Situated in the charming North Loop neighborhood, the location offers an unbeatable urban lifestyle. Walk to local favorites like Epoch Coffee, Foreign & Domestic, DrinkWell, and Home Slice Pizza. Zoned for Reilly, Lamar, and McCallum.

At $535/sqft, this home is priced 36% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

409 W 55th 1/2 St #1, Austin, TX 78751

Property Details

Price $875,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,634 sqft
Lot Size 0.07 acres (3,253.93 sqft)
Year Built 2019
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision 409 W 55TH 1/2 STREET CONDOMINIUMS
County Travis
Zip Code 78751
$/sqft $535/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $15,166.79
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT244244336
List Date August 27, 2026
Elementary School Reilly
Middle School Lamar (Austin ISD)
High School McCallum
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 →

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 · August 27, 2026 $899,000
Current ask $875,000
Reduced $24,000 (-2.7%) 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
1206 North St
GEORGIAN TERRACE
$895,000 $505 3 bd / 2 ba 1,771 sqft , 2026-09-18
5301 Grover Ave
Skyland Terrace
$899,900 $447 3 bd / 3 ba 2,015 sqft , 2026-08-21
100 W Odell St #3
Bills Add Sec 01
$849,900 $408 3 bd / 4 ba 2,084 sqft , 2026-09-04
100 W Odell St #1
Bills Add Sec 01
$849,000 $407 3 bd / 4 ba 2,084 sqft , 2026-09-04
5212 Woodrow Ave
Broadacres
$925,000 $555 4 bd / 2 ba 1,666 sqft , 2026-08-28

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
$4,200/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
$175,000
20% conventional investment loan

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

Estimated Gross Rent+$4,200
Principal + Interest−$4,775
Property Tax (~2.1% TX avg)−$1,531
Insurance (~0.5%)−$365
Est. Monthly Cash Flow $-2,471

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 September 21, 2026.

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