Active Listing  ·  33 days on market

5005 Lott Ave #2

Austin, TX 78721
$429,000
2 Bed 2 Bath 1,084 sqft $396/sqft Built 2020 0.09 acres Pool Masonfield

Modern design meets everyday functionality in this thoughtfully designed home featuring polished concrete floors, high ceilings, and an open-concept layout filled with natural light. The contemporary exterior showcases clean architectural lines, cement siding, a gabled roof, and professionally maintained landscaping, while the private fenced backyard with a spacious wood deck creates the perfect space for outdoor dining or entertaining.

The kitchen is designed for both cooking and gathering with a large center island, stainless steel appliances, including a gas range, range hood, microwave, dishwasher, and refrigerator, plus recessed lighting and generous pantry storage. The primary suite includes a spa-inspired bath with a double vanity, marble countertops, tile flooring, and modern black fixtures. Additional highlights include spacious secondary bedrooms with vaulted or high ceilings, an inside laundry area with stacked washer/dryer hookups, a covered carport, garage, and additional driveway parking.

Located just minutes from some of East Austin's most popular destinations, you'll enjoy quick access to the Mueller district with H-E-B, Target, Alamo Drafthouse, Thinkery, and a variety of restaurants and shopping. Nearby outdoor recreation includes Govalle Park, Springdale Neighborhood Park, Walnut Creek Trail, and Morris Williams Golf Course. Local favorites such as Birdie's, Este, Kinda Tropical, Central Machine Works, and Austin Bouldering Project are all within a 10-minute drive, along with Downtown Austin, The University of Texas, Dell Children's Medical Center, and major employers including the Tesla Gigafactory and Austin-Bergstrom International Airport. With modern finishes, a functional floorplan, and an unbeatable central location, this home offers the best of East Austin living.

At $396/sqft, this home is priced in line with the Austin market average of $391/sqft across 4,642 active listings. View Austin market report →

Location

5005 Lott Ave #2, Austin, TX 78721

Property Details

Price $429,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,084 sqft
Lot Size 0.09 acres (4,038.01 sqft)
Year Built 2020
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Masonfield
County Travis
Zip Code 78721
$/sqft $396/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,828.29
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238329527
List Date July 2, 2026
Elementary School Harris
Middle School Martin
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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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · July 2, 2026 $460,000
Previous ask $439,900
Current ask $429,000
Reduced $31,000 (-6.7%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
2529 Rio Grande St #7
Orange Tree Condominia Amd
$429,000 $385 2 bd / 3 ba 1,115 sqft , 2026-02-05
300 Crockett St #116
Courtyard Condo Amd
$429,000 $346 3 bd / 2 ba 1,239 sqft , 2026-03-18
2209 S 1st St #218
Bouldin
$429,000 $567 1 bd / 1 ba 756 sqft , 2025-12-05
2209 S 1st St #217
Bouldin
$429,000 $567 1 bd / 1 ba 756 sqft , 2026-06-09
4127 E 12th St #8
The Sexton at Springdale
$429,875 $326 3 bd / 3 ba 1,320 sqft , 2025-06-06

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
$2,059/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
$85,800
20% conventional investment loan

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

Estimated Gross Rent+$2,059
Principal + Interest−$2,341
Property Tax (~2.1% TX avg)−$751
Insurance (~0.5%)−$179
Est. Monthly Cash Flow $-1,212

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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