Active Listing  ·  29 days on market

6000 Shepherd Mountain Cv #807

Austin, TX 78730
$263,000
2 Bed 1 Bath 814 sqft $323/sqft Built 1992 0.15 acres Pool Montevista Condo Ph 01 Amd

Set among the hills of Austin in the desirable Montevista community, this two bedroom ground-floor condo offers a quiet, elevated retreat just minutes from Lake Austin. With easy entry-level access and no stairs, the home provides everyday convenience along with a private back terrace overlooking the pool and lush community grounds. The unit is ideally positioned near its assigned parking space, clubhouse, and pool, offering a convenient location within the community while still feeling peaceful and private. Inside, the open living and dining areas are filled with natural light and framed by large windows, creating a bright and inviting feel throughout. The kitchen features granite countertops, stainless steel appliances, and a convenient breakfast bar that opens to the living area. Wood-style laminate flooring flows through the main living spaces and bedrooms, while the dining area offers built-in shelving and storage for added charm and function. Seller notes recent updates include A/C replacement in 2019 and water heater replacement in 2023. The HOA covers all utilities other than electric, and the current owner’s summer electric bills average around $70, even with A/C usage, offering added value for low-maintenance living. Montevista offers resort-style amenities including two sparkling pools, a relaxing spa, a well-equipped fitness center, and a clubhouse perfect for gathering with friends or neighbors. Outdoor enthusiasts will appreciate nearby hiking and biking trails, green space for relaxing or dog walking, the iconic Pennybacker Bridge, and convenient access to a boat and paddleboard launch. With quick access to Hwy 360 and 2222, plus an easy drive to the Arboretum, Domain, and downtown Austin, this home offers the perfect blend of nature, convenience, and low-maintenance living in one of Austin’s most scenic settings. Schedule your private showing today and experience the peaceful setting and everyday convenience for yourself.

At $323/sqft, this home is 17% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

6000 Shepherd Mountain Cv #807, Austin, TX 78730

Property Details

Price $263,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 814 sqft
Lot Size 0.15 acres (6,673.39 sqft)
Year Built 1992
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Montevista Condo Ph 01 Amd
County Travis
Zip Code 78730
$/sqft $323/sqft
Days on Market ,
HOA $387/Monthly
Annual Tax Est. $5,419.09
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238345154
List Date July 6, 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.

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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
2300 Leon St #101
Twenty 03 Hundred Leon Condo
$264,500 $356 2 bd / 2 ba 742 sqft , 2026-06-27
712 Graham Pl #203
Sabinal Condo
$264,900 $353 2 bd / 2 ba 751 sqft , 2026-02-09
507 Sabine St #404
Sabine On 05 Residential Condo
$264,900 $364 1 bd / 1 ba 728 sqft , 2026-07-03
1509 W 39th 1/2 St #208
Dow A I Add
$264,900 $378 1 bd / 1 ba 701 sqft , 2026-07-10
6821 Old Quarry Ln
Townhomes Northwest Hills
$265,000 $276 2 bd / 2 ba 961 sqft , 2026-03-21

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
$1,262/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.45%
NOI after 40% vacancy + expenses
Down Payment
$52,600
20% conventional investment loan

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

Estimated Gross Rent+$1,262
Principal + Interest−$1,435
Property Tax (~2.1% TX avg)−$460
Insurance (~0.5%)−$110
Est. Monthly Cash Flow $-743

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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