Active Listing  ·  26 days on market

4361 S Congress Ave #514

Austin, TX 78745
$339,000
2 Bed 2 Bath 1,581 sqft $214/sqft Built 2018 0.02 acres Pool Public Condos Bldg 1

Picture ending each day on your 35-foot-long private balcony, watching the sun drop and the southwest sky light up over Austin. That's the everyday view from this 5th-floor 2-bed/2-bath condo in St. Elmo, the creative, homegrown heart of South Austin. This is a true arts-and-makers district: independent restaurants, local breweries, live music, studios and galleries, with pickleball, padel and Pins Mechanical when you feel like playing. It's equal parts tight-knit community and destination, all the fun without downtown's traffic and crowds, and still just minutes from the city center. Inside, a soaring wall of energy-efficient Andersen windows pours light across the huge open-concept living space, and with no neighbors to the east, it's more private. There's a built-in desk for work-from-home days, sleek quartz counters in the kitchen, and a roomy 16-ft primary suite with an extra-large walk-in closet. The dedicated laundry closet, smart Nest thermostat, in-unit washer and dryer, refrigerator, and 3 covered parking spots in the gated garage all come with it. The building adds 10,000 square feet of amenities: a rooftop fitness center, a yoga and meditation studio, a courtyard with a gas fire pit and grills, a shaded heritage oak courtyard, and two off-leash dog runs. A brand-new rooftop pool is being rebuilt. And it's all walkable. Grab a meal and a drink at The Yard (St. Elmo Brewing, Still Austin Whiskey, The Austin Winery), coffee at Cosmic, or a set at Monks Jazz Club, with Quickie Pickie grocery and Portal sauna + cold plunge coming soon. The Bergstrom Spur Pedestrian Trail is under construction and light rail is planned down South Congress, and Downtown, SoCo and Lady Bird Lake are all minutes away. A chance to plant roots early in St. Elmo before the rest of Austin catches on.

At $214/sqft, this home is 45% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

4361 S Congress Ave #514, Austin, TX 78745

Property Details

Price $339,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,581 sqft
Lot Size 0.02 acres (1,006.24 sqft)
Year Built 2018
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Public Condos Bldg 1
County Travis
Zip Code 78745
$/sqft $214/sqft
Days on Market ,
HOA $876/Monthly
Annual Tax Est. $7,537.92
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237243978
List Date July 9, 2026
Elementary School Galindo
Middle School Bedichek
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.

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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
206 E Wonsley Dr #2
St Anthony Village
$339,000 $316 2 bd / 2 ba 1,074 sqft , 2026-03-20
10501 Bilbrook Pl
Texas Oaks 05
$339,000 $226 3 bd / 3 ba 1,498 sqft , 2026-06-04
5107 Suburban Dr
Battle Bend Spgs Sec 04
$339,000 $276 3 bd / 2 ba 1,228 sqft , 2026-06-13
1811 Webberville Rd #1206
East Grove Condominiums
$339,000 $291 2 bd / 2 ba 1,165 sqft , 2026-07-08
10213 Forest Grove Dr
Vistas of Austin
$339,900 $227 3 bd / 2 ba 1,500 sqft , 2026-06-13

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
$1,627/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
$67,800
20% conventional investment loan

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

Estimated Gross Rent+$1,627
Principal + Interest−$1,850
Property Tax (~2.1% TX avg)−$593
Insurance (~0.5%)−$141
Est. Monthly Cash Flow $-957

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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