Active Listing  ·  28 days on market

7122 Wood Hollow Dr #71

Austin, TX 78731
$279,500
2 Bed 2 Bath 1,158 sqft $241/sqft Built 1979 0.06 acres Pool Edgecliff NW Condo Amd

Move-in ready and warrantable, this condo offers conventional financing flexibility and the convenience of low-maintenance ownership in desirable Edgecliff Northwest Condominiums, surrounded by mature trees and green spaces. This 2-story features 2 bedrooms, 1.5 baths, vaulted ceilings, bamboo flooring, a wood-burning fireplace, abundant natural light, and exceptional storage throughout. Thoughtfully designed cabinetry with deep cabinets and pull-out shelving makes organization easy. Recent updates enhance comfort, style, and efficiency, including fresh interior paint, refreshed carpet, an updated dishwasher, water heater, and French-door refrigerator. The HVAC was replaced in 2018 and well maintained, and insulated sliding glass doors and a dining room window add energy efficiency and year-round comfort. Perfectly situated near the center of the community, the condo overlooks a spacious green lawn and enjoys a quiet setting away from road noise. It’s conveniently located near the community pool, spa, mailboxes, and trash, recycling, and compost facilities, while still offering a sense of privacy. A dedicated covered carport is also included. HOA dues of $450 per month cover water, trash, recycling and composting, landscaping, irrigation, exterior pest control, pool and spa maintenance, porter services, gated entry, community insurance and taxes, plus exterior maintenance of roofs, painting, lighting, mailboxes, and other common elements. Located just minutes from MoPac, offers easy access to Downtown Austin, The Domain, The Arboretum, and major employers. Bus stops are located directly outside the community entrance, and everyday conveniences and is zoned to sought-after Austin ISD schools: Doss Elementary, Murchison Middle School, and Anderson High School. With its peaceful setting, thoughtful updates, and unbeatable Northwest Austin location, this condo is ready to welcome you home.

At $241/sqft, this home is 39% below the Austin active market average of $393/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

7122 Wood Hollow Dr #71, Austin, TX 78731

Property Details

Price $279,500
Status Active Listing
Beds 2
Full Baths 1
Half Baths 1
Living Area 1,158 sqft
Lot Size 0.06 acres (2,452.43 sqft)
Year Built 1979
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Edgecliff NW Condo Amd
County Travis
Zip Code 78731
$/sqft $241/sqft
Days on Market ,
HOA $451/Monthly
Annual Tax Est. $6,000.09
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243504831
List Date August 26, 2026
Elementary School Doss (Austin ISD)
Middle School Murchison
High School Anderson
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
6501 E Hill Dr #111
Imperial Condo
$265,000 $245 2 bd / 2 ba 1,080 sqft , 2026-07-23
7122 Wood Hollow Dr #86
Edgecliff Nw Condo Amd
$260,000 $225 2 bd / 2 ba 1,158 sqft , 2026-09-21
3840 Far West Blvd #101
Far West Skyline Condo
$250,000 $294 2 bd / 2 ba 849 sqft , 2026-03-18
3809 Spicewood Springs Rd #150
Spicewood Point Twnhms Amd
$247,000 $312 1 bd / 1 ba 792 sqft , 2026-01-21
3431 North Hills Dr #321
Balcones Towers Condo
$239,000 $189 3 bd / 2 ba 1,265 sqft , 2026-06-10

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
$1,342/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
$55,900
20% conventional investment loan

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

Estimated Gross Rent+$1,342
Principal + Interest−$1,525
Property Tax (~2.1% TX avg)−$489
Insurance (~0.5%)−$116
Est. Monthly Cash Flow $-788

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 August 27, 2026.

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