Active Listing  ·  10 days on market

6406 Chimney Creek Cir #B

Austin, TX 78723
$259,000
3 Bed 3 Bath 1,236 sqft $210/sqft Built 1971 0.09 acres Pool Chimney Creek Condo

Tucked into the quiet Chimney Creek community, this value-priced condo offers a chance to own in East Austin without the premium price tag. Surrounded by mature trees and set back from the busy streets, it's the kind of neighborhood that feels removed from the city while still keeping you close to everything. Inside, you'll find a comfortable floor plan that's easy to live in and easy to maintain. Whether you're buying your first home, downsizing, or looking for an investment property, this condo is a smart option with room to make it your own. The location is hard to beat. Downtown Austin, Mueller, major employers, shopping, restaurants, and everyday conveniences are all just a short drive away. It's a combination that's getting harder to find: a peaceful setting, a convenient location, and a price that leaves room in the budget.

At $210/sqft, this home is 46% 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

6406 Chimney Creek Cir #B, Austin, TX 78723

Property Details

Price $259,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,236 sqft
Lot Size 0.09 acres (3,859.42 sqft)
Year Built 1971
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Chimney Creek Condo
County Travis
Zip Code 78723
$/sqft $210/sqft
Days on Market ,
HOA $208/Monthly
Annual Tax Est. $5,906.38
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241190175
List Date July 25, 2026
Elementary School Andrews
Middle School Webb
High School Lyndon B Johnson (Austin ISD)
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
1800 Lavaca St #A508
Greenwood Towers Amd
$259,000 $302 2 bd / 1 ba 857 sqft , 2026-04-18
1304 Mariposa Dr #206
Travis Green Condo
$259,000 $322 2 bd / 1 ba 804 sqft , 2026-03-22
15104 Mimebark Way
Forest Bluff Sec 04
$259,000 $215 3 bd / 2 ba 1,206 sqft , 2026-05-14
4521 Graceful Ln #469
Chaparral Crossing Condo Amd
$259,000 $198 3 bd / 3 ba 1,310 sqft , 2026-05-19
9525 N Capital Of Texas Hwy #414
Loop Condo
$259,000 $266 2 bd / 1 ba 972 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
$1,243/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
$51,800
20% conventional investment loan

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

Estimated Gross Rent+$1,243
Principal + Interest−$1,413
Property Tax (~2.1% TX avg)−$453
Insurance (~0.5%)−$108
Est. Monthly Cash Flow $-731

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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