About This Home

The Ridge at Slaughter is a beautiful gated community. Primary is on main floor and this is an end-unit with a private yard, 2 car garage, and guest parking nearby. This is a one-owner lived in, well taken care of home, with no neighbors to the back or one side of the backyard. Flex room upstairs could be play room, office or media room. Jack and Jill bathroom on upstairs bedrooms. Come see everything this home and neighborhood have to offer!

At $167/sqft, this home is 57% 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

516 E Slaughter Ln #1704, Austin, TX 78744

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Property Details

Price $345,000

Status Active Listing

Beds 3

Full Baths 3

Half Baths 1

Living Area 2,064 sqft

Lot Size 0.14 acres (6,246.5 sqft)

Year Built 2017

Garage 2 spaces

Stories ,

Type Residential · Condominium

Subdivision Ridge/Slaughter Condos Bldg 17

County Travis

Zip Code 78744

$/sqft $167/sqft

Days on Market ,

HOA $285/Monthly

Annual Tax Est. $7,184.76

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT227327174

List Date May 6, 2026

Elementary School Blazier

Middle School Bedichek

High School Crockett

School District ,

Have Questions About This Property?

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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 6, 2026 $365,000

Previous ask $355,000

Current ask $345,000

▼ Reduced $20,000 (-5.5%) 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

208 Natali St
Park Ridge $340,000 $243 3 bd / 3 ba 1,402 sqft , 2026-06-19

9305 Pioneer Forest Dr
Crossing At Onion Creek Sec 02 $350,000 $186 3 bd / 2 ba 1,880 sqft , 2026-08-04

9314 Brandts Wood St
Crossing At Onion Creek Sec 01 $338,000 $215 3 bd / 2 ba 1,574 sqft , 2026-08-08

2137 Dry Tortugas Trl
Parkside At Slaughter Creek Sec 03 $359,987 $206 3 bd / 2 ba 1,749 sqft , 2026-06-25

2107 Charlotte Estates Dr
Crossing At Onion Creek Sec 03&4 Amd $330,000 $172 4 bd / 3 ba 1,919 sqft , 2026-08-13

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

$1,656/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

$69,000

20% conventional investment loan

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

Estimated Gross Rent+$1,656

Principal + Interest−$1,883

Property Tax (~2.1% TX avg)−$604

Insurance (~0.5%)−$144

Est. Monthly Cash Flow $-975

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

About the Author

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 5, 2026.

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

516 E Slaughter Ln #1704