Active Listing  ·  35 days on market

7205 Ray Charles Dr

Austin, TX 78745
$399,900
3 Bed 3 Bath 1,736 sqft $230/sqft Built 2019 0.12 acres 1-Car Garage Pool SOUTH CONGRESS CONDOMINIUMS

OPEN HOUSE: Sat Aug 22, 3:00PM-5:00PM | Welcome to 7205 Ray Charles Drive, a modern and spacious three-bedroom townhome in the heart of South Austin. This desirable corner unit offers an attached garage and a private fenced backyard, bordered by lush green space and an open community lawn, creating the privacy and feel of a single-family home with the convenience of lock-and-leave living. The HOA covers front and backyard landscaping along with exterior maintenance, making everyday living effortless. Inside, soaring two-story ceilings and abundant natural light create an inviting atmosphere. The open-concept layout features White Oak LVP flooring throughout, a spacious main-level primary suite, and a well-appointed kitchen with timeless white countertops, sleek finishes, a gas range, and bar seating that's perfect for everyday living or entertaining. Step outside to a private backyard retreat with an extended patio shaded by mature neighboring trees—an ideal space to relax or entertain. Upstairs, a versatile second living area offers the perfect spot for a home office, media room, or playroom, along with two additional bedrooms and a full bathroom. Ideally located just 12 minutes from Downtown Austin, with restaurants, coffee shops, bars, and H-E-B all within one to two miles, this home offers the perfect balance of comfort, convenience, and low-maintenance living.

At $230/sqft, this home is 41% 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

7205 Ray Charles Dr, Austin, TX 78745

Property Details

Price $399,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,736 sqft
Lot Size 0.12 acres (5,113.94 sqft)
Year Built 2019
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision SOUTH CONGRESS CONDOMINIUMS
County Travis
Zip Code 78745
$/sqft $230/sqft
Days on Market ,
HOA $346.5/Monthly
Annual Tax Est. $6,759.17
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239830647
List Date July 21, 2026
Elementary School Williams
Middle School Bedichek
High School Crockett
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
6607 Starstreak Dr
Buckingham Ridge Sec 01
$399,500 $224 4 bd / 2 ba 1,786 sqft , 2026-06-02
604 N Bluff Dr #146
Skybridge Lofts
$399,000 $215 3 bd / 3 ba 1,856 sqft , 2025-07-23
6906 Moonmont Dr
Buckingham Ridge Sec 05
$397,000 $272 3 bd / 2 ba 1,460 sqft , 2026-07-03
512 Eberhart Ln #1205
Sweetbriar Garden Homes Condom
$389,000 $270 2 bd / 3 ba 1,442 sqft , 2026-07-02
6000 S Congress Ave #302
Village On Congress Condo Amd
$385,000 $260 2 bd / 3 ba 1,479 sqft , 2026-03-19

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
$1,920/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
$79,980
20% conventional investment loan

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

Estimated Gross Rent+$1,920
Principal + Interest−$2,182
Property Tax (~2.1% TX avg)−$700
Insurance (~0.5%)−$167
Est. Monthly Cash Flow $-1,129

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 →

Neighborhood Context

About South Congress

South Congress Avenue is Austin's most photographed street - the stretch of eclectic boutiques, vintage shops, food trailers, and acclaimed restaurants running south from the river that became famous as "SoCo" in the 1990s and has only grown in cultural significance since. Living in the South Congress neighborhood means this corridor is literally walkable from your front door.

The residential blocks surrounding South Congress are a mix of 1950s and 1960s ranch homes, updated bungalows, and newer townhome and condo development that has pushed into the area as prices have risen. Home Slice Pizza, Perla's, Uchiko, and the Alamo Drafthouse South Lamar are all within a 10-minute walk of most addresses in the neighborhood. The Congress Avenue Bridge - with its famous bat colony - is a short stroll for evening entertainment.

🛍️
SoCo Corridor

South Congress Avenue runs through the neighborhood with boutiques, vintage shops, restaurants, and bars that have made it one of the most famous streets in Texas. Home Slice Pizza, Güero's, and Perla's are all within walking distance.

🦇
Congress Bridge Bats

The Congress Avenue Bridge - home to 1.5 million Mexican free-tailed bats - is a short walk north. One of Austin's most unique spectacles, free every evening from spring through fall.

🍽️
Restaurant Density

The concentration of acclaimed restaurants per square mile around South Congress rivals any Austin neighborhood. From Uchi on South Lamar to the food trailers on South First, this is Austin's most food-rich zone.

🚶
Walk Score 84

Grocery, dining, entertainment, and parks are all walkable. One of Austin's more genuinely walkable residential areas - you can leave the car parked for most of a weekend.

Full South Congress Guide →

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 24, 2026.

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