Active Listing  ·  45 days on market

5608 Cougar Dr #117

Austin, TX 78745
$199,900
2 Bed 2 Bath 1,083 sqft $185/sqft Built 1984 0.05 acres Pool Heatherwood Condo Ph 02

***SPECIAL BUYER INCENTIVE! Seller is offering up to $6,000 toward buyer’s allowable closing costs, prepaid expenses, or other lender-approved expenses with an acceptable offer—an amount equivalent to $100 per month for 5 years! A great opportunity to help offset the cost of homeownership while enjoying everything this beautiful home and community have to offer. Buyer to verify eligibility and use of seller contribution with lender.

Welcome to this beautifully remodeled condo, where comfort, style, and convenience come together perfectly. From the moment you step inside, you’ll appreciate the thoughtful updates, abundant natural light, and inviting atmosphere that make this home truly special.

The stunning kitchen features elegant quartz countertops, modern finishes, and ample cabinet space, making it ideal for both everyday living and entertaining. Ceiling fans throughout the home add comfort and efficiency, while the cozy fireplace creates the perfect place to unwind after a long day.

Step outside and enjoy your private side courtyard overlooking the community pool, a wonderful space to relax, enjoy your morning coffee, or gather with family and friends. This gated community offers beautifully maintained grounds, with the HOA taking care of the exterior upkeep so you can enjoy a low-maintenance lifestyle.

Additional features include a dedicated storage unit, convenient access to schools, nearby shopping centers, major supermarkets, public transportation, and quick access to major highways.

This property also presents an excellent investment opportunity and has previously generated more than $2,500 per month as a short-term rental.

Whether you are searching for your next home, a low-maintenance lifestyle, or an income-producing property, this exceptional condo offers endless possibilities in one of the area’s most convenient locations.

At $185/sqft, this home is 53% 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

5608 Cougar Dr #117, Austin, TX 78745

Property Details

Price $199,900
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,083 sqft
Lot Size 0.05 acres (2,230.27 sqft)
Year Built 1984
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Heatherwood Condo Ph 02
County Travis
Zip Code 78745
$/sqft $185/sqft
Days on Market ,
HOA $450.08/Monthly
Annual Tax Est. $5,221.59
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240202081
List Date August 9, 2026
Elementary School Odom
Middle School Bedichek
High School Austin
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 →

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 · August 9, 2026 $199,999
Current ask $199,900
Reduced $99 (-0.0%) 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
6700 Cooper Ln #19
Ceniza Condo
$195,000 $214 2 bd / 2 ba 910 sqft , 2026-09-03
6700 Cooper Lane None #40
Ceniza Condo
$189,900 $209 2 bd / 1 ba 910 sqft , 2026-02-18
604 N Bluff Dr #136
Skybridge Lofts Amd
$220,000 $234 1 bd / 2 ba 941 sqft , 2026-06-18
512 Eberhart Ln #204
Sweetbriar Garden Homes Condom
$225,000 $223 2 bd / 2 ba 1,010 sqft , 2026-04-10
512 Eberhart Ln #1003
Sweetbriar Garden Homes Condominium
$229,919 $228 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
$960/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
$39,980
20% conventional investment loan

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

Estimated Gross Rent+$960
Principal + Interest−$1,091
Property Tax (~2.1% TX avg)−$350
Insurance (~0.5%)−$83
Est. Monthly Cash Flow $-564

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 September 17, 2026.

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