Active Listing  ·  10 days on market

5509 Clay Ave #2

Austin, TX 78756
$512,500
2 Bed 2 Bath 871 sqft $588/sqft Built 2021 0.08 acres 1-Car Garage Pool Clay Condominiums

5509 Clay Avenue, Unit 2

Built in 2021, this A-frame residence in Brentwood/Highland proves that 871 square feet, handled with intention, can feel like more than enough.

As you step inside, you are greeted by an abundance of natural light pouring through the bay and oversized windows, highlighting the exquisite hardwood floors throughout. The open and airy living space is accentuated by recessed lighting, creating a warm and inviting atmosphere.

The heart of the home is the open kitchen, a culinary enthusiast's dream. It boasts stainless steel appliances, including a range, refrigerator, and dishwasher, complemented by an island perfect for casual dining or entertaining. The eat-in kitchen design ensures that every meal is enjoyed in comfort and style.

This home features two well-appointed bedrooms, including a primary ensuite bathroom for added privacy and convenience. Each bathroom is designed with modern fixtures and finishes, providing a serene retreat at the end of the day. For those who appreciate outdoor living, the property includes a private yard and a back yard, ideal for relaxation or gatherings.

This address sits in one of Central Austin's most walkable, tree-lined pockets — Burnet Road's restaurants and shops are just minutes away.

At $588/sqft, this home is priced 50% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

5509 Clay Ave #2, Austin, TX 78756

Property Details

Price $512,500
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 871 sqft
Lot Size 0.08 acres (3,602.41 sqft)
Year Built 2021
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Clay Condominiums
County Travis
Zip Code 78756
$/sqft $588/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $10,009.97
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243331325
List Date August 13, 2026
Elementary School Brentwood
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.

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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
1106 Justin Ln
Crestview Add Sec 01
$525,000 $468 2 bd / 1 ba 1,121 sqft , 2026-08-03
403 W 55th St
Northfield Annex 02
$550,000 $606 2 bd / 1 ba 907 sqft , 2026-08-14
1206 MADISON Ave
Crestview Add Sec 05
$589,000 $501 3 bd / 2 ba 1,176 sqft , 2026-08-16
4914 Woodrow Ave
Ep Austin Properties Sub
$599,000 $627 3 bd / 1 ba 956 sqft , 2026-03-20
1406 Brentwood St #2
Brentwood
$415,000 $545 2 bd / 1 ba 762 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
$2,460/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
$102,500
20% conventional investment loan

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

Estimated Gross Rent+$2,460
Principal + Interest−$2,797
Property Tax (~2.1% TX avg)−$897
Insurance (~0.5%)−$214
Est. Monthly Cash Flow $-1,448

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 14, 2026.

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