Active Listing  ·  27 days on market

4510 Terry O Ln #405

Austin, TX 78745
$349,000
1 Bed 1 Bath 861 sqft $405/sqft Built 2023 0.02 acres 1-Car Garage Pool South Austin Industrial Park, Section A

Experience modern luxury and effortless lock-and-leave living at The Station at St. Elmo in Unit #405. Ideally situated on the 4th floor, this stylish 1-bedroom, 1-bath condo offers a prime South Austin location just minutes from Downtown Austin, Austin-Bergstrom International Airport, and Zilker Park.

The open, modern interior features a gourmet kitchen with sleek black cabinetry, a striking brick backsplash, abundant cabinet space, and high-efficiency LG ENERGY STAR appliances, including a gas range. The spacious bedroom suite offers a luxurious bath with dual vanities and direct access to an expansive walk-in closet.

Step onto your private patio and enjoy views toward Downtown Austin. The home can convey with select furnishings, including outdoor furniture and a 75-inch TV, offering an exceptional turnkey opportunity for a primary residence, second home, or investment property.

Residents of The Station enjoy an impressive collection of resort-style amenities, including a swimming pool with gas BBQ grills, rooftop lounge, fitness center with yoga studio, billiards lounge, library, meeting spaces, dog park, covered garage parking, and EV charging stations. Enjoy contemporary city living with convenience, style, and exceptional community amenities in the heart of South Austin.

At $405/sqft, this home is priced 3% above the Austin active market average of $393/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

4510 Terry O Ln #405, Austin, TX 78745

Property Details

Price $349,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 861 sqft
Lot Size 0.02 acres (688.25 sqft)
Year Built 2023
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision South Austin Industrial Park, Section A
County Travis
Zip Code 78745
$/sqft $405/sqft
Days on Market ,
HOA $217/Monthly
Annual Tax Est. $3,972
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242165565
List Date August 27, 2026
Elementary School St Elmo
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
404 Normandy St
Placidena
$349,900 $335 2 bd / 1 ba 1,046 sqft , 2026-08-20
4361 S Congress Ave #636
Public Condos Bldg 3
$350,000 $324 2 bd / 2 ba 1,081 sqft , 2025-06-11
4510 Terry O Ln #419
The Station at St Elmo
$339,000 $451 1 bd / 1 ba 752 sqft , 2026-05-15
4315 S Congress Ave #317
Congress Lofts Condominiums
$329,000 $406 1 bd / 1 ba 811 sqft , 2026-08-18
4510 Terry O Ln #223
South Austin Industrial Park, Section A
$327,990 $381 1 bd / 1 ba 861 sqft , 2026-08-11

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
$1,675/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
$69,800
20% conventional investment loan

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

Estimated Gross Rent+$1,675
Principal + Interest−$1,905
Property Tax (~2.1% TX avg)−$611
Insurance (~0.5%)−$145
Est. Monthly Cash Flow $-986

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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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 12, 2026.

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