Active Listing  ·  132 days on market

512 Eberhart Ln #1003

Austin, TX 78745
$229,919
2 Bed 2 Bath 1,010 sqft $228/sqft Built 1983 0.08 acres 1-Car Garage Pool Sweetbriar Garden Homes Condominium

*ALL NEW HVAC JUST INSTALLED!*Beat the Austin heat with a brand-new HVAC system—and that’s just the latest addition to nearly *$40,000 in recent upgrades!* Located in the popular Sweetbriar community in 78745, this 2-bedroom, 1.5-bath townhome offers the best of low-maintenance living with a **private fenced yard, attached garage, two-story layout, and move-in-ready updates.**Inside, the transformation is immediate. Popcorn ceilings have been removed, the interior freshly painted, and updated light fixtures add a clean, modern feel. The main level features luxury vinyl plank flooring, a cozy fireplace, and a wall of windows overlooking the backyard that fills the living space with natural light. The updated galley kitchen features quartz countertops, espresso cabinetry, stainless steel appliances, and a stainless refrigerator that conveys. Upstairs, both bedrooms feature newer carpet, while the Jack-and-Jill bath gives each bedroom its own private vanity and sink while sharing the tub/shower area. Both toilets have been upgraded. Outside, the **fully fenced backyard** features brand-new xeriscaping for easy, low-maintenance upkeep and a recently repaired and painted wood deck—ready for grilling or relaxing. A dog door adds convenience for pet owners, and the yard backs to a grassy common area rather than another home, creating a more open, private feel. And! The washer and dryer, both less than two years old, are included. The attached garage provides parking and storage, while the backyard gate offers easy access to the second community pool. All this in a prime South Austin location, less than 15 minutes from **South Congress, the St. Elmo District, breweries, restaurants, shopping, and downtown. Updated, stylish, and ready for its next owner, this is 78745 living without the single-family price tag.

At $228/sqft, this home is 42% below the Austin active market average of $392/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 $229,919
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 $228/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 ,

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 · May 14, 2026 $249,919
Previous ask $230,000
Current ask $229,919
Reduced $20,000 (-8.0%) 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
5701 Glen Meadow Dr
Flournoys Sweetbriar Sec 10
$235,000 $244 2 bd / 2 ba 962 sqft , 2026-07-20
402 Bramble Dr
Flournoys Sweetbriar Sec 05
$239,500 $277 3 bd / 1 ba 864 sqft , 2026-09-14
604 N Bluff Dr #136
Skybridge Lofts Amd
$220,000 $234 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

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
$1,104/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
$45,984
20% conventional investment loan

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

Estimated Gross Rent+$1,104
Principal + Interest−$1,255
Property Tax (~2.1% TX avg)−$402
Insurance (~0.5%)−$96
Est. Monthly Cash Flow $-649

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 21, 2026.

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