Active Listing  ·  28 days on market

6705 Covered Bridge Dr #10

Austin, TX 78736
$375,000
2 Bed 2 Bath 1,497 sqft $251/sqft Built 2006 0.21 acres 2-Car Garage Pool Gardens At Covered Bridge Condo

Beautifully maintained 2-bedroom condo with a versatile bonus room in the desirable Gardens at Covered Bridge community! This light-filled, open-concept home features fresh interior paint on the walls, doors, and trim, a spacious kitchen with a large pantry, a separate utility room, and a two-car garage. Enjoy easy lock-and-leave living with exterior maintenance provided by the condo HOA.

The private, shaded backyard has been thoughtfully updated with a composite deck, new railings, eco-friendly and pet-friendly artificial turf, a wood paver pathway, fresh mulch, and added privacy—creating the perfect outdoor retreat with year-round greenery. Situated on a desirable corner lot, this home also offers peace of mind with recent updates including the roof, HVAC system, and water heater. Residents enjoy access to Covered Bridge amenities including a pool, playground, walking trails, and dog park. Conveniently located near shopping, dining, and major commuter routes.

At $251/sqft, this home is 36% 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

6705 Covered Bridge Dr #10, Austin, TX 78736

Property Details

Price $375,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,497 sqft
Lot Size 0.21 acres (8,942.87 sqft)
Year Built 2006
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Gardens At Covered Bridge Condo
County Travis
Zip Code 78736
$/sqft $251/sqft
Days on Market ,
HOA $450/Monthly
Annual Tax Est. $8,028.2
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240136591
List Date July 27, 2026
Elementary School Oak Hill
Middle School Small
High School Bowie
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
8909 Mountain Shadows Cv #B
Mountain Shadows Cove Condomin
$369,900 $263 3 bd / 3 ba 1,404 sqft , 2026-07-10
6705 Covered Bridge Dr #24
Gardens At Covered Bridge Condo
$365,000 $244 2 bd / 2 ba 1,497 sqft , 2026-04-01
6705 Covered Bridge Dr #2
Gardens At Covered Bridge
$410,000 $207 3 bd / 3 ba 1,982 sqft , 2026-07-10
8421 Spring Valley Dr
Windmill Run Sec 02-A
$414,000 $280 3 bd / 3 ba 1,478 sqft , 2026-07-20
8405 Fenton Dr
Windmill Run Sec 03-D
$419,500 $263 3 bd / 2 ba 1,596 sqft , 2026-08-14

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
$1,800/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
$75,000
20% conventional investment loan

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

Estimated Gross Rent+$1,800
Principal + Interest−$2,047
Property Tax (~2.1% TX avg)−$656
Insurance (~0.5%)−$156
Est. Monthly Cash Flow $-1,059

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →
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 20, 2026.

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