About This Home

Move-in ready intimate urban farmhouse just minutes from downtown. Luxurious finishes, quartz countertops, stainless steel appliances, high ceilings, large windows and loads of storage throughout are perfect for today's active lifestyle. Easy to show!

At $289/sqft, this home is 26% 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

4502 Grassland Dr, Austin, TX 78723

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Property Details

Price $690,000

Status Active Listing

Beds 3

Full Baths 2

Half Baths 1

Living Area 2,390 sqft

Lot Size 0.23 acres (10,018.8 sqft)

Year Built 2022

Garage 2 spaces

Stories ,

Type Residential · Condominium

Subdivision Springdale Creek Condominiums

County Travis

Zip Code 78723

$/sqft $289/sqft

Days on Market ,

HOA $125/Monthly

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT240028711

List Date July 15, 2026

Elementary School Blanton

Middle School Lamar (Austin ISD)

High School Northeast Early College

School District ,

Have Questions About This Property?

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

729 Clear Stream Xing
Springs Of Walnut Creek Ph Ii $690,000 $247 4 bd / 4 ba 2,794 sqft , 2026-06-25

11812 Mira Vista Way #VH71
Versante Canyon Homes Condo $690,000 $273 4 bd / 3 ba 2,531 sqft , 2026-07-23

8608 Turaco Trl
Easton Park $689,900 $230 4 bd / 3 ba 2,996 sqft , 2025-08-26

8610 Axis Dr
Deer Park At Maple Run Sec 10 $689,000 $253 4 bd / 3 ba 2,718 sqft , 2026-04-30

11102 Aerie Cv
Highlands At Oak Forest $689,000 $293 4 bd / 3 ba 2,348 sqft , 2026-04-27

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

$3,312/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

$138,000

20% conventional investment loan

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

Estimated Gross Rent+$3,312

Principal + Interest−$3,766

Property Tax (~2.1% TX avg)−$1,208

Insurance (~0.5%)−$288

Est. Monthly Cash Flow $-1,950

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

4502 Grassland Dr

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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