About This Home

Owner Financing Available!! Welcome to ‘The Station at St Elmo.’ This beautiful one-bedroom, one-bath unit features the spacious A2 floor plan and a massive balcony overlooking the pool and the rest of South Austin! With modern features and high ceilings, the home offers an open, airy feel and is move-in ready, making it easy to start your new chapter. Residents can enjoy a range of amenities, including inviting seating areas, an on-site gym, a pool, private workspaces, and a yoga room. Don’t wait—this is the last chance to make #406 your home.

At $558/sqft, this home is priced 42% 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

4510 Terry-O Ln #406, Austin, TX 78745

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Property Details

Price $419,900

Status Active Listing

Beds 1

Full Baths 1

Half Baths ,

Living Area 752 sqft

Lot Size ,

Year Built 2022

Garage 1 spaces

Stories ,

Type Residential · Condominium

Subdivision South Austin Indust Park Ph A

County Travis

Zip Code 78745

$/sqft $558/sqft

Days on Market ,

HOA $218.3/Monthly

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT124485499

List Date October 2, 2024

Elementary School St Elmo

Middle School Bedichek

High School Travis

School District ,

Have Questions About This Property?

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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

4315 S Congress Ave #319
Congress Lofts Condominiums $435,000 $447 2 bd / 2 ba 973 sqft , 2026-06-02

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

4510 Terry-O Ln #205
South Austin Indust Park Ph A $326,500 $456 1 bd / 1 ba 716 sqft , 2026-05-06

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

$2,016/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

$83,980

20% conventional investment loan

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

Estimated Gross Rent+$2,016

Principal + Interest−$2,292

Property Tax (~2.1% TX avg)−$735

Insurance (~0.5%)−$175

Est. Monthly Cash Flow $-1,186

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

About the Author

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 July 28, 2026.

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

4510 Terry-O Ln #406

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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