Active Listing  ·  45 days on market

6705 Covered Bridge Dr #2

Austin, TX 78736
$410,000
3 Bed 3 Bath 1,982 sqft $207/sqft Built 2007 0.21 acres 2-Car Garage Pool Gardens At Covered Bridge

Discover unparalleled comfort and sophisticated living in this charming Austin residence, where a striking exterior of stucco, stone, and wood siding captivates amidst lush landscaping. The expansive, sun-drenched living space boasts soaring high ceilings, elegant tile flooring, and an inviting fireplace, perfect for relaxation or entertaining. The well-appointed kitchen features ample cabinetry, gleaming granite counters, and modern stainless steel appliances including a dishwasher, electric range, microwave, and refrigerator. Recessed lighting illuminates the space, which seamlessly connects to the living area. A grand staircase with wrought iron detailing adds architectural elegance. The primary bedroom offers a serene retreat with soft carpeting and a classic ceiling fan. Additional spacious bedrooms also feature soft carpeting and generous window light. Bathrooms are thoughtfully designed, with the main bath showcasing a tiled soaking tub and a separate glass-enclosed shower, while another offers a double vanity. A versatile open loft provides additional flexible living space, ideal for a home office or creative pursuits. Enjoy the convenience of an inside laundry area with practical storage. Outside, a spacious wooden deck offers ample outdoor living space, perfect for entertaining or enjoying tranquil tree-lined views. The naturally landscaped yard, enclosed by fencing, provides privacy and a peaceful outdoor sanctuary. This home truly blends elegance, comfort, and functionality in a desirable Austin location.

At $207/sqft, this home is 47% 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 #2, Austin, TX 78736

Property Details

Price $410,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,982 sqft
Lot Size 0.21 acres (8,942.87 sqft)
Year Built 2007
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Gardens At Covered Bridge
County Travis
Zip Code 78736
$/sqft $207/sqft
Days on Market ,
HOA $450/Monthly
Annual Tax Est. $8,764.99
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239269681
List Date July 10, 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.

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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
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
8400 Spring Valley Dr
Windmill Run Sec 02-A
$420,000 $269 3 bd / 3 ba 1,559 sqft , 2026-07-13
6705 Covered Bridge Dr #10
Gardens At Covered Bridge Condo
$375,000 $251 2 bd / 2 ba 1,497 sqft , 2026-07-27
8909 Mountain Shadows Cv #B
Mountain Shadows Cove Condomin
$369,900 $263 3 bd / 3 ba 1,404 sqft , 2026-07-10

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
$1,968/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
$82,000
20% conventional investment loan

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

Estimated Gross Rent+$1,968
Principal + Interest−$2,238
Property Tax (~2.1% TX avg)−$718
Insurance (~0.5%)−$171
Est. Monthly Cash Flow $-1,159

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 July 29, 2026.

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