Active Listing  ·  125 days on market

6705 Covered Bridge Dr #24

Austin, TX 78736
$365,000
2 Bed 2 Bath 1,497 sqft $244/sqft Built 2006 0.21 acres 2-Car Garage Pool Gardens At Covered Bridge Condo

Behind the gates of The Gardens at Covered Bridge, a best-kept secrets awaits. A rare, single-story end unit where easy living isn't just a tagline, it's a lifestyle. No stairs. No shared walls on both sides. No upstairs neighbors.

With 2 bedrooms, 2 bathrooms, a versatile bonus room, and 1,497 square feet, this residence delivers the kind of effortless comfort that's genuinely hard to find. You're just minutes from premier shopping, dining, and the Galleria and with the Oak Hill Parkway improvements underway (now open), Downtown Austin is only 12 miles away and the Airport only 18 miles, getting anywhere just keeps getting easier.

Step inside and feel the difference. The open-concept floor plan strikes the perfect balance between bright and cozy, with a generous living area anchored by a fireplace that makes every evening feel like an occasion. The kitchen is the kind people gather in, granite countertops, stainless steel appliances, abundant cabinetry, and a large center island with seating that's equally at home for morning coffee or dinner parties.

The primary suite is your personal retreat, featuring an ensuite bath with dual vanities and an oversized glass-enclosed shower. The secondary bedroom is spacious and flexible ideal for guests, family, or a beautifully styled second living space.

Then there's the bonus room with a closet, Home office? Media room? Workout studio? Reading nook? The possibilities are genuinely endless, and having that extra dedicated space makes all the difference in how a home feels to live in.

The attached 2-car garage offers seamless, step-free entry, a feature that sounds simple but you'll appreciate every single day.

And when you're ready to unwind beyond your front door? Resort-style pool, dog park, and lush community green spaces are all yours for just $620 a year through the Covered Bridge POA.

At $244/sqft, this home is 38% 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

6705 Covered Bridge Dr #24, Austin, TX 78736

Property Details

Price $365,000
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 $244/sqft
Days on Market ,
HOA $450/Monthly
Annual Tax Est. $8,137.62
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT224351861
List Date April 1, 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
8922 Menchaca Rd #906
Haven
$365,000 $189 3 bd / 3 ba 1,930 sqft , 2025-08-14
5904 Rotunda Vw
Goodnight Ranch
$365,000 $218 3 bd / 3 ba 1,672 sqft , 2025-11-19
10001 Woodglen Dr
Windsor Hills Sec 05
$365,000 $218 3 bd / 2 ba 1,677 sqft , 2026-04-12
5211 Viewpoint Dr
Viewpoint At Williamson Creek
$365,000 $181 3 bd / 3 ba 2,019 sqft , 2026-04-11
8200 Neely Dr #229
Neelys Canyon Condo Amd
$365,000 $303 2 bd / 2 ba 1,203 sqft , 2025-08-01

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
$1,752/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
$73,000
20% conventional investment loan

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

Estimated Gross Rent+$1,752
Principal + Interest−$1,992
Property Tax (~2.1% TX avg)−$639
Insurance (~0.5%)−$152
Est. Monthly Cash Flow $-1,031

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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