Active Listing  ·  75 days on market

706 Valdez St #2

Austin, TX 78741
$329,900
2 Bed 3 Bath 1,087 sqft $303/sqft Built 2023 0.06 acres Pool Valdez Condominiums

Enjoy modern East Austin living just four miles from Downtown Austin and the airport. Tucked along a tree-lined street behind a private gated entrance, this 2023-built home greets you with a striking floating iron staircase and sliding door.

The main level is open-concept kitchen, living, and dining, built for everyday ease and entertaining, plus a half bath for guests. Upstairs, both bedrooms enjoy private en-suite baths, with a laundry closet centrally located for a stackable washer and dryer.

Out back, a fenced yard is shaded by a mature oak tree, perfect for relaxing, entertaining, or pets. Vaulted ceilings, frameless cabinetry, quartz counters, and corner windows fill the home with light, backed by a Nest thermostat, Carrier HVAC, Navien tankless water heater, metal roof, and triple-pane windows.

Minutes from Roy G. Guerrero Colorado River Metro Park, the river, and Secret Beach, with quick access to 71, 183, and I-35. A private slice of East Austin energy and convenience.

At $303/sqft, this home is 23% 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

706 Valdez St #2, Austin, TX 78741

Property Details

Price $329,900
Status Active Listing
Beds 2
Full Baths 2
Half Baths 1
Living Area 1,087 sqft
Lot Size 0.06 acres (2,504.7 sqft)
Year Built 2023
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Valdez Condominiums
County Travis
Zip Code 78741
$/sqft $303/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $13,959.65
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238853703
List Date July 10, 2026
Elementary School Allison
Middle School Martin
High School Eastside Early College
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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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · July 10, 2026 $355,000
Previous ask $344,900
Current ask $329,900
Reduced $25,100 (-7.1%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
6014 FAIRWAY St #2
6014 Fairway Street Site Condo
$329,900 $270 3 bd / 3 ba 1,224 sqft , 2026-08-22
1108 Vasquez St
Chernosky 16
$330,000 $258 3 bd / 2 ba 1,280 sqft , 2025-02-26
6406 Felix Ave #2
6406 Felix Avenue Site Condos
$319,900 $294 3 bd / 3 ba 1,088 sqft , 2026-08-11
917 Vargas Rd #B
VARGAS ROAD SITE CONDOMINIUMS
$340,000 $330 2 bd / 2 ba 1,031 sqft , 2026-08-21
6303 Santos St #A
6303 Santos Site Condos
$349,900 $309 2 bd / 3 ba 1,134 sqft , 2026-08-27

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
$1,584/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
$65,980
20% conventional investment loan

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

Estimated Gross Rent+$1,584
Principal + Interest−$1,800
Property Tax (~2.1% TX avg)−$577
Insurance (~0.5%)−$137
Est. Monthly Cash Flow $-930

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 September 17, 2026.

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