Active Listing  ·  61 days on market

7920 Rockwood Ln #216

Austin, TX 78757
$167,000
1 Bed 1 Bath 672 sqft $249/sqft Built 1968 Pool Royal Orleans North Condo Amd

Royal Orleans is a distinctive mid-century condo community with the kind of character that is increasingly hard to find in Central Austin. Built in 1968 and tucked beneath mature trees just off Anderson Lane, the brick complex features New Orleans-inspired architecture, landscaped courtyards, covered gathering areas, a community pool, on-site laundry, and assigned parking.

This quiet, top-floor one-bedroom unit has been freshly painted and offers laminate flooring throughout, granite countertops, stainless steel appliances, and smooth ceilings with no popcorn texture. It is clean, comfortable, and move-in ready, while still leaving room for a new owner to make subtle personalization.

The location makes everyday life easy, with coffee shops, restaurants, Alamo Drafthouse, and neighborhood favorites like El Dorado Cafe all within a convenient walk or short bike ride. Quick access to MoPac and Highway 183 keeps the rest of Austin within easy reach.

The HOA includes water, gas, trash, and recycling, helping simplify ownership and keep monthly expenses more predictable. One assigned parking space is also included.

A low-maintenance opportunity to own a quiet top-floor condo in the heart of Midtown Austin.

At $249/sqft, this home is 37% 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

7920 Rockwood Ln #216, Austin, TX 78757

Property Details

Price $167,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 672 sqft
Lot Size ,
Year Built 1968
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Royal Orleans North Condo Amd
County Travis
Zip Code 78757
$/sqft $249/sqft
Days on Market ,
HOA $396.65/Monthly
Annual Tax Est. $3,748
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239832492
List Date July 24, 2026
Elementary School Pillow
Middle School Burnet (Austin ISD)
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.

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
7920 Rockwood Ln #203
Royal Orleans North Condo Amd
$165,990 $248 1 bd / 1 ba 668 sqft , 2026-03-06
7406 Shadow Hill Dr #104
Shadow Oaks Twnhms
$168,500 $242 1 bd / 1 ba 696 sqft , 2026-09-11
8888 Tallwood Dr #1107
8888 Tallwood Condo Amd
$169,000 $283 1 bd / 1 ba 598 sqft , 2026-04-29
2425 Ashdale Dr #78
Summit Condo Amd
$169,000 $260 1 bd / 1 ba 651 sqft , 2026-07-06
8210 Bent Tree Rd #235
Arbors
$169,500 $265 1 bd / 1 ba 640 sqft , 2026-06-02

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
$802/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
$33,400
20% conventional investment loan

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

Estimated Gross Rent+$802
Principal + Interest−$911
Property Tax (~2.1% TX avg)−$292
Insurance (~0.5%)−$70
Est. Monthly Cash Flow $-471

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 15, 2026.

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