Active Listing  ·  55 days on market

800 Embassy Dr #205

Austin, TX 78702
$299,000
1 Bed 1 Bath 560 sqft $534/sqft Built 2018 1-Car Garage Pool Sarah and Lydia M. Robertson's Subdivisio

This property qualifies for the unique H.O.P.E Home Loan Program. Meaning ZERO Closing costs and ZERO down payment! This beautiful 1-bedroom, 1-bathroom residence features a clean, modern design throughout, complete with quartz countertops and stainless steel appliances. The building offers premium, resort-style amenities, including: A pool deck with sweeping downtown skyline views. 24-hour concierge and secured, access-controlled entry; a state-of-the-art fitness center; a landscaped courtyard with a fire pit and a grotto area featuring two full outdoor kitchens. An on-site dog park and a media-equipped conference room. Reserved garage parking. Located just steps away from the best restaurants, coffee shops, and nightlife in Downtown and East Austin, this property offers elevated city living with views.

At $534/sqft, this home is priced 36% above the Austin active market average of $393/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

800 Embassy Dr #205, Austin, TX 78702

Property Details

Price $299,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 560 sqft
Lot Size ,
Year Built 2018
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Sarah and Lydia M. Robertson's Subdivisio
County Travis
Zip Code 78702
$/sqft $534/sqft
Days on Market ,
HOA $388/Monthly
Annual Tax Est. $5,365.11
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241441086
List Date July 29, 2026
Elementary School Mathews
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.

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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · July 29, 2026 $303,500
Current ask $299,000
Reduced $4,500 (-1.5%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
500 E Riverside Dr #114
Riverwalk Condo Amd
$298,000 $528 1 bd / 1 ba 564 sqft , 2026-09-03
505 W 7th St #115
Posada Del Rey Condo Amd
$300,000 $488 1 bd / 1 ba 615 sqft , 2026-06-18
800 Embassy Dr #431
Tyndall/Robertson Hill Condos
$310,000 $543 1 bd / 1 ba 571 sqft , 2026-06-11
500 E Riverside Dr #154
Riverwalk Condo Amd
$280,000 $489 1 bd / 1 ba 573 sqft , 2026-05-05
1309 Chicon St #507
Habichts
$280,000 $621 1 bd / 1 ba 451 sqft , 2026-09-20

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
$1,435/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
$59,800
20% conventional investment loan

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

Estimated Gross Rent+$1,435
Principal + Interest−$1,632
Property Tax (~2.1% TX avg)−$523
Insurance (~0.5%)−$125
Est. Monthly Cash Flow $-845

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 4, 2026.

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