Active Listing  ·  116 days on market

4510 Terry O Ln #326

Austin, TX 78745
$895,000
3 Bed 3 Bath 1,920 sqft $466/sqft Built 2023 0.04 acres Pool STATION AT ST ELMO THE CONDOMINIUMS

This penthouse at The Station is a true statement—spanning 1,920 square feet with three bedrooms and three bathrooms, thoughtfully designed for elevated living and effortless entertaining.

At the heart of the home, a custom wine wall creates an immediate focal point, setting the tone for a space that balances sophistication with functionality. The layout flows seamlessly, opening into expansive living areas filled with natural light and clean, modern finishes throughout.

One of the most distinctive features is the dual primary bathroom concept—each designed as a spa-level retreat, complete with oversized walk-in wet rooms and freestanding soaking tubs, delivering a daily experience that feels more like a luxury hotel than a residence.

Beyond the residence, The Station offers a full suite of curated amenities designed to match the lifestyle—resort-style pool, fitness center, yoga and dance studio, and conference facilities for both work and wellness. Open-air lounge decks, multiple entertainment courtyards, grilling areas, Library and a club room create dynamic spaces to gather, unwind, and host. The community is further elevated with a dedicated dog park and underground, covered, gated parking for convenience and peace of mind.

This isn’t just a top-floor unit—it’s a refined, lifestyle-driven penthouse offering in one of Austin’s most dynamic and evolving neighborhoods.

At $466/sqft, this home is priced 19% 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

4510 Terry O Ln #326, Austin, TX 78745

Property Details

Price $895,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 1,920 sqft
Lot Size 0.04 acres (1,777.25 sqft)
Year Built 2023
Garage ,
Stories ,
Type Residential · Condominium
Subdivision STATION AT ST ELMO THE CONDOMINIUMS
County Travis
Zip Code 78745
$/sqft $466/sqft
Days on Market ,
HOA $217/Monthly
Annual Tax Est. $10,196.22
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT225501717
List Date April 10, 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.

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
5508 Avenue G None
Highlands
$895,000 $486 4 bd / 3 ba 1,842 sqft , 2026-04-16
1800 Poquito St
Crows Sub Resub Lt 6& Pt Lt 7
$895,000 $419 3 bd / 3 ba 2,138 sqft , 2026-05-28
10903 Galleria Cv
Austin Hills Sec 05
$895,000 $392 4 bd / 3 ba 2,282 sqft , 2026-06-18
12421 Painted Bunting Dr
Painted Bunting
$895,000 $548 3 bd / 2 ba 1,634 sqft , 2026-06-05
3129 Govalle Ave
Villa Govalle
$895,000 $464 3 bd / 3 ba 1,928 sqft , 2026-06-25

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
$4,296/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
$179,000
20% conventional investment loan

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

Estimated Gross Rent+$4,296
Principal + Interest−$4,884
Property Tax (~2.1% TX avg)−$1,566
Insurance (~0.5%)−$373
Est. Monthly Cash Flow $-2,527

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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