Active Listing  ·  8 days on market

4801 Springdale Rd #2309

Austin, TX 78723
$299,900
2 Bed 2 Bath 1,031 sqft $291/sqft Built 2022 0.05 acres Pool Gravity ATX Condos

In East Austin’s Gravity ATX, morning coffee tastes better on your private balcony before walking down to local coffee shops or taking a short bike ride over to Mueller’s weekend farmer's market. This 2-bedroom, 2-bathroom condo offers low-maintenance living with immediate access to amazing amenities, neighborhood eateries, and nearby parks. Built along the active Springdale Road corridor in 78723, this top-tier Gravity ATX residence places you right in the middle of East Austin’s local culture, just east of the Mueller area. Inside, the single-level floor plan centers around an open main living room that transitions directly into the kitchen area. The kitchen features a center island with a built-in breakfast bar, quartz countertops, and stainless steel appliances. Positioned right off the living room, a private balcony provides outdoor seating space for relaxing at the end of the day. Both bedrooms are arranged on opposite sides of the living area for privacy, each offering its own private ensuite bathroom and spacious closet. A laundry closet with in-unit washer and dryer hookups sits off the main hallway. Gravity ATX includes community amenities right outside your door: a resort-style swimming pool, a rooftop deck with panoramic views, a dog park, an on-site dog wash station, secure package lockers, and smart car EV charging stations. The location puts you 5 minutes from Mueller’s H-E-B, Alamo Drafthouse, Thinkery, and weekly farmer’s markets. You are 5 miles from Downtown Austin via East 12th Street or Manor Road, 11 miles from Austin-Bergstrom International Airport via Highway 183, and steps from Springdale Road food trucks, breweries, and bike paths. Gravity ATX delivers the perfect central East Austin base with fast access to major transit routes.

At $291/sqft, this home is 25% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

4801 Springdale Rd #2309, Austin, TX 78723

Property Details

Price $299,900
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,031 sqft
Lot Size 0.05 acres (2,099.59 sqft)
Year Built 2022
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Gravity ATX Condos
County Travis
Zip Code 78723
$/sqft $291/sqft
Days on Market ,
HOA $522/Monthly
Annual Tax Est. $6,149.52
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242296254
List Date August 6, 2026
Elementary School Pecan Springs
Middle School Kealing
High School Northeast Early College
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
5609 Gloucester Ln
Windsor Park Hills Sec 01
$299,000 $225 3 bd / 1 ba 1,329 sqft , 2026-03-26
1811 Webberville Rd #1209
East Grove Condominiums
$299,000 $286 2 bd / 2 ba 1,045 sqft , 2026-05-27
1813 Rhodes Rd
Owens Murray
$312,800 $315 2 bd / 2 ba 992 sqft , 2026-06-12
1616 Webberville Rd #A
Flournoy's Eastern Hills Sec 4
$325,000 $451 2 bd / 1 ba 720 sqft , 2026-01-07
1313 Perez St
Chernosky 09
$265,000 $315 1 bd / 1 ba 840 sqft , 2026-05-12

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
$1,440/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
$59,980
20% conventional investment loan

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

Estimated Gross Rent+$1,440
Principal + Interest−$1,637
Property Tax (~2.1% TX avg)−$525
Insurance (~0.5%)−$125
Est. Monthly Cash Flow $-847

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 August 7, 2026.

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