Active Listing  ·  62 days on market

4604 Banister Ln #A

Austin, TX 78745
$725,000
3 Bed 3 Bath 1,778 sqft $408/sqft Built 2017 0.10 acres Pool Moore-Tate 4604 Banister Condo

Finding a home in the South Menchaca area that offers real space and custom character is rare, but this 3-bedroom, 3-bathroom modern take on a New England Saltbox delivers exactly that. Designed by Austin architect Don Harris and executed by Moore-Tate, this detached condo stands completely on its own. It sits on a spacious lot that completely bypasses the typical, squeezed feel of local A/B setups, giving you the true privacy of a single-family property. The home balances crisp architectural lines with an incredibly warm, welcoming energy right in the heart of the 78745 zip code. The main floor features stained concrete floors, starting in a dreamy living room where an accent wall and large windows frame views of the green backyard while filling the entire space with natural light. Right next to it, the kitchen is set up for serious cooking, centered around a quartz island with bar seating, custom cabinets, a tile backsplash, and stainless appliances. There is a full bedroom downstairs, with a wood accent wall, built-ins, and a private door opening directly to the yard, making it an ideal setup for a quiet workspace or long-term guests who want their own main-level full bath. Upstairs, wood floors take over the staircase and the remaining bedrooms. The primary suite is a total standout, featuring high vaulted ceilings, a walk-in closet, and an ensuite bath with a dual vanity, a soaking tub, and a separate walk-in shower. Outside, the covered back patio looks out over a fully fenced, beautifully landscaped grassy yard with a storage shed and full irrigation. Location-wise, South Menchaca puts you in a sweet spot for navigating Austin. You are tucked away on a quiet street, yet you can hop right onto Highway 290 for a quick trip down to the Austin Airport or a straight shot into Downtown Austin. For daily life, you are just blocks away from hitting Central Market South, catching a movie at the Westgate theater, or grabbing drinks and dinner on St. Elmo.

At $408/sqft, this home is priced 4% 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

4604 Banister Ln #A, Austin, TX 78745

Property Details

Price $725,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 1,778 sqft
Lot Size 0.10 acres (4,560.73 sqft)
Year Built 2017
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Moore-Tate 4604 Banister Condo
County Travis
Zip Code 78745
$/sqft $408/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $17,039.89
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT232383509
List Date June 3, 2026
Elementary School St Elmo
Middle School Covington
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
4413 Banister Ln #BLDG 1 - UNIT 101
Banister Acres
$725,000 $502 3 bd / 4 ba 1,443 sqft , 2025-10-29
1706 Pennsylvania Ave
Johns C R
$725,000 $620 2 bd / 2 ba 1,170 sqft , 2026-03-06
2805 S 5th St
Oak Ridge Heights Sec 03
$725,000 $620 2 bd / 1 ba 1,170 sqft , 2025-10-10
360 Nueces St #2005
Residential Condo Amd 360
$725,000 $592 2 bd / 2 ba 1,225 sqft , 2026-04-18
8110 Ranch Road 2222 Rd #33
The Hillside
$725,000 $340 4 bd / 4 ba 2,133 sqft , 2026-04-23

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
$3,480/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
$145,000
20% conventional investment loan

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

Estimated Gross Rent+$3,480
Principal + Interest−$3,957
Property Tax (~2.1% TX avg)−$1,269
Insurance (~0.5%)−$302
Est. Monthly Cash Flow $-2,048

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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