Active Listing  ·  14 days on market

607 Terrell Hill Dr #A

Austin, TX 78704
$1,000,000
3 Bed 3 Bath 1,938 sqft $516/sqft Built 2014 0.12 acres 2-Car Garage Pool 607 Terrell Hill Drive Condomi

This modern condo with its clean lines, soaring ceilings and an open floor plan, is just downright swanky. Airy and spacious with natural light pouring in through the large windows and sliding glass doors that creates a bright, fresh feeling, you’ll want to move right in.

The open plan has a living area that seems to flow to the outdoors, which extends the functional space and offers a big view of the beautifully landscaped backyard.

Upstairs, the private and very spacious primary suite looks out over the backyard and features a walk-in closet, and a large bathroom complete with a double vanity and a walk-in shower/tub combo. An auxiliary bedroom with ensuite bath features a Murphy bed, so it works as a guest room, home office, or flex space. Downstairs, the third bedroom has a full bath nearby and offers even more flexibility for guests, work-from-home days, or multigenerational living. Each of the three bedrooms is outfitted with automatic shades, letting you control light and privacy at the touch of a button.

Outside, you’ll find custom, low-maintenance landscaping that creates a private retreat which is perfect for entertaining or private morning coffee. There are solar panels and a place dedicated for a portable generator hookup. The detached, air conditioned and partially insulated 2-car garage is nicely finished, and can easily be used as an additional workspace, home gym, or studio.

Meticulously cared for, no HOA fees, and so conveniently located - it’s one of the coolest locations. Right off S 1st Street, where residents enjoy nearby favorites like Toss Pizzeria, Summer Moon Coffee, and the South Austin Neighborhood Park, you’ll be only 8 minutes from downtown Austin and on a bus line too. It’s a very upscale condo without the downtown price.

At $516/sqft, this home is priced 32% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

607 Terrell Hill Dr #A, Austin, TX 78704

Property Details

Price $1,000,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 1,938 sqft
Lot Size 0.12 acres (5,248.98 sqft)
Year Built 2014
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision 607 Terrell Hill Drive Condomi
County Travis
Zip Code 78704
$/sqft $516/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $13,175.08
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT249055636
List Date October 9, 2026
Elementary School Galindo
Middle School Lively
High School Travis
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
2003 Wilson St #3
J Bouldin Residences
$999,000 $459 3 bd / 4 ba 2,178 sqft , 2026-04-02
613 W Annie St #A
613 West Annie Street Condomin
$995,000 $639 2 bd / 3 ba 1,556 sqft , 2026-05-13
4312 Jinx Ave #1
Banister Acres
$995,000 $530 3 bd / 4 ba 1,878 sqft , 2026-10-20
2105 Goodrich Ave #7
Barton Skyline Garden Homes
$1,010,000 $472 3 bd / 4 ba 2,141 sqft , 2026-08-06
1612 S 3rd St #B
South 03 Street Condo 1612
$985,000 $499 3 bd / 3 ba 1,972 sqft , 2026-09-19

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
$4,800/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
$200,000
20% conventional investment loan

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

Estimated Gross Rent+$4,800
Principal + Interest−$5,457
Property Tax (~2.1% TX avg)−$1,750
Insurance (~0.5%)−$417
Est. Monthly Cash Flow $-2,824

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 October 20, 2026.

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