Active Listing  ·  15 days on market

512 Eberhart Ln #702

Austin, TX 78745
$189,900
3 Bed 3 Bath 1,335 sqft $142/sqft Built 1983 0.08 acres Pool Sweetbriar Garden Homes Condom

Located in South Austin, this 3 bedroom, 2.5 bathroom condo is conveniently situated between South 1st and South Congress. Getting around is easy with dining, shopping, and local spots close by, plus quick access to downtown!

The main level brings the living, dining, and kitchen spaces together in a connected, open layout. A fireplace anchors the living room, while two-story ceilings give the space an airy feel. The adjacent dining area flows directly into the kitchen, keeping everything within easy reach.

A thoughtfully converted garage now serves as a spacious main-level primary suite with an ensuite bath, adding comfort and flexibility to the home's layout.

Upstairs, two additional bedrooms sit on opposite sides of a shared bathroom, each with its own vanity area. The layout provides separation from the primary suite and flexibility for guests, a home office, or additional sleeping space.

Outside, a fenced patio with gravel borders provides a private spot for outdoor seating and potted plants.

Being close to the community pool makes it easy to cool off during Austin’s warmer months, while the South Austin location keeps everyday errands and weekend plans close by.

At $142/sqft, this home is 64% 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 #702, Austin, TX 78745

Property Details

Price $189,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,335 sqft
Lot Size 0.08 acres (3,567.56 sqft)
Year Built 1983
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Sweetbriar Garden Homes Condom
County Travis
Zip Code 78745
$/sqft $142/sqft
Days on Market ,
HOA $255.5/Monthly
Annual Tax Est. $4,921.8
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT250615976
List Date October 28, 2026
Elementary School Pleasant Hill
Middle School Bedichek
High School Travis
School District Austin ISD

Austin ISD

Pleasant Hill · Bedichek · Travis

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
6700 Cooper Ln #19
Ceniza Condo
$194,000 $213 2 bd / 2 ba 910 sqft , 2026-09-03
5608 Cougar Dr #117
Heatherwood Condo Ph 02
$199,900 $185 2 bd / 2 ba 1,083 sqft , 2026-08-09
5608 Cougar Dr #118
Heatherwood Condo Ph 02
$175,000 $161 2 bd / 2 ba 1,090 sqft , 2026-11-01
5608 Cougar Dr #115
Heatherwood Condo Ph 02
$175,000 $178 2 bd / 2 ba 982 sqft , 2026-11-09
512 Eberhart Ln #1003
Sweetbriar Garden Homes Condominium
$224,919 $223 2 bd / 2 ba 1,010 sqft , 2026-05-14

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
$912/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
$37,980
20% conventional investment loan

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

Estimated Gross Rent+$912
Principal + Interest−$1,036
Property Tax (assumed ~2.1%)−$332
Insurance (assumed ~0.5%)−$79
Est. Monthly Cash Flow $-535

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 · 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 November 3, 2026.

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

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