Active Listing  ·  63 days on market

508 Capitol Dr #1

Austin, TX 78753
$430,000
3 Bed 2 Bath 1,391 sqft $309/sqft Built 2021 0.09 acres 1-Car Garage Pool Loar Add A

***Seller offering 1% closing cost to buyer*** Built in 2021, this stunning modern farmhouse offers 3BD/2BA of thoughtfully designed living space in one of Austin's fastest-growing neighborhoods — combining high design, energy efficiency, and long-term investment value in one exceptional package.

Soaring ceilings with an exposed wood beam, polished concrete floors, and an abundance of natural light set the tone the moment you walk in. The open layout connects the living area and kitchen seamlessly, with natural wood cabinetry, open shelving, stainless steel appliances, and a peninsula island with bar seating creating a warm yet modern aesthetic.

The spa-inspired bathroom features a marble-look tile shower surround, frameless sliding glass door, dual vanity with natural wood cabinetry, quartz countertops, and warm round wood-framed mirrors — a beautifully curated space from top to bottom.

Built with exceptional energy efficiency and durability throughout, both units are fully electric and include an ERV and dehumidifier integrated into the HVAC system for superior indoor air quality. Exterior walls feature 2x6 framing insulated with Greenfiber SANCTUARY material to R-19, significantly reducing noise pollution. The roof is finished with Sharkskin Ultra SA — a hurricane-rated membrane approved by ICC-ES, Miami-Dade, and the Florida Building Code. Wall and roof sheathing was completed with ZIP System panels sealed with liquid flash and ZIP flashing tape for maximum moisture protection and structural integrity.

The fenced front yard, attached garage, and mature tree canopy round out this exceptional property — a rare opportunity to own a newer construction home with designer finishes in a neighborhood poised for continued growth.

At $309/sqft, this home is 21% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

508 Capitol Dr #1, Austin, TX 78753

Property Details

Price $430,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,391 sqft
Lot Size 0.09 acres (4,007.52 sqft)
Year Built 2021
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Loar Add A
County Travis
Zip Code 78753
$/sqft $309/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT231746436
List Date June 2, 2026
Elementary School Guerrero Thompson
Middle School Webb
High School Navarro 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.

Schedule a Call →

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 · June 2, 2026 $450,000
Previous ask $435,000
Current ask $430,000
Reduced $20,000 (-4.4%) 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
102 W Covington Dr
Eubank Acres Sec 02
$430,000 $308 3 bd / 2 ba 1,398 sqft , 2026-01-28
2508 Enfield Rd #11
Enfield Challenge Condo
$430,000 $445 2 bd / 2 ba 967 sqft , 2026-04-17
5104 Acorn Cv
Woodland Oaks
$430,000 $242 2 bd / 2 ba 1,778 sqft , 2026-06-21
7805 Wakefield Dr
Woodstone Village Sec 03
$430,000 $318 3 bd / 2 ba 1,354 sqft , 2026-07-05
12911 Quinn Trl
MILWOOD SEC 16
$430,000 $291 3 bd / 2 ba 1,479 sqft , 2026-08-03

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
$2,064/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
$86,000
20% conventional investment loan

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

Estimated Gross Rent+$2,064
Principal + Interest−$2,347
Property Tax (~2.1% TX avg)−$753
Insurance (~0.5%)−$179
Est. Monthly Cash Flow $-1,215

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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