Active Listing  ·  182 days on market

512 Eberhart Ln #1003

Austin, TX 78745
$224,919
2 Bed 2 Bath 1,010 sqft $223/sqft Built 1983 0.08 acres 1-Car Garage Pool Sweetbriar Garden Homes Condominium

NEW PRICE! UNDER $225K IN SOUTH AUSTIN! Who says you can't find an updated home with a private backyard AND garage at an affordable price in Austin? Welcome to one of 78745's best-kept secrets! This charming 2-bedroom, 1.5-bath, two-story townhome in the Sweetbriar community offers the space, privacy, and features of a single-family home without the hefty price tag. And with nearly $40,000 in recent improvements, including a BRAND-NEW HVAC system, the big-ticket updates are already taken care of!

Step inside to discover a beautifully refreshed interior featuring smooth ceilings (goodbye, popcorn!), fresh paint, updated lighting, and luxury vinyl plank flooring. The inviting living room features a cozy fireplace and a wall of windows overlooking the private backyard. The updated kitchen shines with quartz countertops, espresso cabinetry, stainless steel appliances, and a refrigerator that conveys.

Upstairs, two spacious bedrooms feature newer carpet and a clever Jack-and-Jill bathroom layout with separate private vanities. Even the toilets have been upgraded! The washer and dryer, both less than two years old, also convey.

And here's something you don't often find at this price: your own fully fenced backyard! Enjoy fresh xeriscaping, a recently refreshed wood deck, and no immediate rear neighbor—just a grassy common area beyond your fence. There's even a dog door for your four-legged roommate!

An attached garage, convenient access to the community pool, and a fantastic location near South Congress, the St. Elmo District, restaurants, breweries, and shopping complete the package.

Two bedrooms. Private yard. Garage. New HVAC. Nearly $40K in updates. ALL FOR $224,919. Come see just how much home your money can buy in South Austin!

At $223/sqft, this home is 43% 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

512 Eberhart Ln #1003, Austin, TX 78745

Property Details

Price $224,919
Status Active Listing
Beds 2
Full Baths 1
Half Baths 1
Living Area 1,010 sqft
Lot Size 0.08 acres (3,567.56 sqft)
Year Built 1983
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Sweetbriar Garden Homes Condominium
County Travis
Zip Code 78745
$/sqft $223/sqft
Days on Market ,
HOA $255/Monthly
Annual Tax Est. $5,606.73
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT229617135
List Date May 14, 2026
Elementary School Pleasant Hill
Middle School Covington
High School Crockett
School District Austin ISD

Austin ISD

Pleasant Hill · Covington · Crockett

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 · May 14, 2026 $249,919
Previous ask $229,919
Current ask $224,919
▼ Reduced $25,000 (-10.0%) 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
512 Eberhart Ln #204
Sweetbriar Garden Homes Condom
$225,000 $223 2 bd / 2 ba 1,010 sqft , 2026-04-10
604 N Bluff Dr #235
Skybridge Lofts Amd
$215,000 $228 1 bd / 2 ba 941 sqft , 2026-09-23
604 N Bluff Dr #136
Skybridge Lofts Amd
$214,900 $228 1 bd / 2 ba 941 sqft , 2026-06-18
5608 Cougar Dr #117
Heatherwood Condo Ph 02
$199,900 $185 2 bd / 2 ba 1,083 sqft , 2026-08-09
4802 S Congress Ave #213
The Bend Condominiums
$250,000 $303 1 bd / 1 ba 824 sqft , 2026-10-22

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
$1,080/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
$44,984
20% conventional investment loan

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

Estimated Gross Rent+$1,080
Principal + Interest−$1,227
Property Tax (assumed ~2.1%)−$394
Insurance (assumed ~0.5%)−$94
Est. Monthly Cash Flow $-635

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →
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 · 41 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. The written content was last updated on October 19, 2026.

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

Save this home