Active Listing  ·  109 days on market

712 W 21st St #303

Austin, TX 78705
$324,900
2 Bed 2 Bath 906 sqft $359/sqft Built 1984 0.02 acres Pool Palladian Condo

Palladian on West Campus. Coveted 2Bd / 2 BA with its Direct line to the McCombs Business School. Private third floor Corner unit. Big Open Living Room with huge windows. French Doors to Peacefull Patio. Oversized Dining area with designer LED lighting. Remodelled Kitchen with Shaker style Cabinets, Elegant Quartz Counters and open shelving. Hallway Laundry Center. Both Bedrooms are Enormous with extra Large Windows and Big Closets. Bathrooms have been Updated with Modern Cabinets Framed Mirrors and LED Lighting. Two Assigned Parking Spaces. Walking distance to UT Campus, Memorial Stadium, Target, Rio Mart, Texas Co-op Booskstore, Starbucks, P-Terry's. Leased for $1900 until 7/25/2027.

At $359/sqft, this home is 8% 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

712 W 21st St #303, Austin, TX 78705

Property Details

Price $324,900
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 906 sqft
Lot Size 0.02 acres (958.32 sqft)
Year Built 1984
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Palladian Condo
County Travis
Zip Code 78705
$/sqft $359/sqft
Days on Market ,
HOA $458/Monthly
Annual Tax Est. $6,433
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT226507285
List Date April 17, 2026
Elementary School Bryker Woods
Middle School O Henry
High School Austin
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
3115 Helms St #212
Sunchase Condominiums Amended
$324,900 $399 2 bd / 2 ba 815 sqft , 2026-02-05
8801 Little Walnut Dr
Dean Terrace
$324,900 $297 3 bd / 2 ba 1,094 sqft , 2026-03-13
2216 San Gabriel St #105
Somerset Condo
$324,900 $400 2 bd / 2 ba 813 sqft , 2026-04-02
2802 Nueces St #101
Wedgewood Condo
$324,900 $368 2 bd / 2 ba 882 sqft , 2026-04-16
8106 Leroi Dr
Ep Residential Condos
$324,990 $293 2 bd / 3 ba 1,108 sqft , 2026-07-09

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
$1,560/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
$64,980
20% conventional investment loan

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

Estimated Gross Rent+$1,560
Principal + Interest−$1,773
Property Tax (~2.1% TX avg)−$569
Insurance (~0.5%)−$135
Est. Monthly Cash Flow $-917

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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