Active Listing  ·  149 days on market

7409 Merrick Ln #40

Austin, TX 78745
$419,000
3 Bed 3 Bath 2,176 sqft $193/sqft Built 2018 0.23 acres 2-Car Garage Pool Highmark Condo

South Austin Condo with Greenbelt Views & Smart Living -

Live just 6 minutes from Downtown Austin in this modern 3-bedroom, 2.5-bath condo with a 2-car attached garage. Nestled in a gated community, the home backs to a peaceful greenbelt, offering privacy and tranquility.

Inside, enjoy a smart-home setup, energy-efficient spray foam insulation, and a versatile split-level layout. The main living area opens to an elevated deck—perfect for morning coffee, relaxing, or entertaining. Downstairs, an additional living space provides flexibility for a home office, media room, or guest retreat, plus a private backyard area with steps leading to the greenbelt or nearby dog park.

Located just off South Congress, you’re minutes from local dining, coffee shops, HEB, and Southpark Meadows shopping, with easy access to I-35, Highway 71, and the airport. This condo offers the perfect blend of South Austin convenience and serene, modern living.

At $193/sqft, this home is 51% 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

7409 Merrick Ln #40, Austin, TX 78745

Property Details

Price $419,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,176 sqft
Lot Size 0.23 acres (10,136.41 sqft)
Year Built 2018
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Highmark Condo
County Travis
Zip Code 78745
$/sqft $193/sqft
Days on Market ,
HOA $270/Monthly
Annual Tax Est. $9,240.53
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT224260747
List Date March 29, 2026
Elementary School Williams
Middle School Covington
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
7205 Ray Charles Dr
SOUTH CONGRESS CONDOMINIUMS
$399,900 $230 3 bd / 3 ba 1,736 sqft , 2026-07-21
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
7108 Shadywood Dr
Meadowcreek Sec 03 Ph 01-A
$449,000 $288 3 bd / 3 ba 1,557 sqft , 2026-08-20

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
$2,011/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
$83,800
20% conventional investment loan

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

Estimated Gross Rent+$2,011
Principal + Interest−$2,287
Property Tax (~2.1% TX avg)−$733
Insurance (~0.5%)−$175
Est. Monthly Cash Flow $-1,184

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →
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 July 8, 2026.

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