Active Listing  ·  22 days on market

5326 Balcones Dr #D

Austin, TX 78731
$250,000
2 Bed 2 Bath 992 sqft $252/sqft Built 1960 0.09 acres Pool Highland Park West Condo Amd

Privacy, Views, and Nature. A Condo That Feels Like a Home Experience a rare architectural find in Highland Park West. This spacious 2-bedroom, 2-bathroom residence offers the privacy and character of a single-family home with the convenience of condo living. As a top-floor unit with no neighbors above, you’ll enjoy a quiet, serene sanctuary bathed in natural light from large windows on three sides. Recently repainted with attractive light-plank flooring that complements the abundance of natural light. Vintage charm: Meticulously maintained original tile and fixtures in both bathrooms offer an appealing, timeless aesthetic. Perched in arguably the best spot in the community, overlooking a massive, lap-ready swimming pool. Two reserved parking spaces plus ample guest parking. The HOA is exceptionally well-run, and dues conveniently include your hot water and gas. Leave the car at home. You are steps away from a Randall’s grocery store, local coffee shops, and several of the area's top-rated restaurants. Don't settle for "cookie-cutter" construction. This is an exceptional property designed for those who appreciate character, light, and a connection to nature.

At $252/sqft, this home is 36% below the Austin active market average of $393/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

5326 Balcones Dr #D, Austin, TX 78731

Property Details

Price $250,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 992 sqft
Lot Size 0.09 acres (3,920.4 sqft)
Year Built 1960
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Highland Park West Condo Amd
County Travis
Zip Code 78731
$/sqft $252/sqft
Days on Market ,
HOA $465/Monthly
Annual Tax Est. $4,790.06
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245358635
List Date September 1, 2026
Elementary School Highland Park
Middle School Lamar (Austin ISD)
High School McCallum
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 →

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
3431 North Hills Dr #321
Balcones Towers Condo
$239,000 $189 3 bd / 2 ba 1,265 sqft , 2026-06-10
6501 E Hill Dr #111
Imperial Condo
$265,000 $245 2 bd / 2 ba 1,080 sqft , 2026-07-23
3839 Dry Creek Dr #106
Dry Creek West Condo
$230,000 $323 1 bd / 1 ba 713 sqft , 2026-06-05

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
$1,200/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
$50,000
20% conventional investment loan

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

Estimated Gross Rent+$1,200
Principal + Interest−$1,364
Property Tax (~2.1% TX avg)−$438
Insurance (~0.5%)−$104
Est. Monthly Cash Flow $-706

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 · 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 September 2, 2026.

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