Active Listing  ·  84 days on market

8200 Neely Dr #154

Austin, TX 78759
$365,000
2 Bed 2 Bath 1,144 sqft $319/sqft Built 1982 0.14 acres Pool Neelys Canyon Condo Amd

Must see charming condo in Neely Canyon with special views & a wonderful single-level floorplan. Perfectly situated with a completely private outdoor terrace boasting beautiful nature views. The trees are set back from the terrace in a way that provides shaded privacy from neighbors while not crowding the space, allowing the light in. The serene view is from every direction, not a neighbor in sight & only one shared kitchen wall. Neely’s Canyon was developed by architect Larry Peel who positioned the development inside a rock canyon sitting on the edge of an 18-acre preserve. The community features 2 swimming pools. Inside this condo you’ll find a light & airy living room with a focus on the fireplace with direct view of the outdoor terrace & trees. A convenient screen door allows fresh air to the indoors & the serene sound of bustling tree leaves. The open kitchen has 2024 new appliances & multiple windows that take in the views. Bedrooms are tucked away down a hall. You’ll love that there is high quality new wood laminate flooring & no carpet anywhere! The laundry closet accommodates full size appliances with multiple shelves. The condo has a 2024 new heat pump HVAC system that has superior energy efficiency. The primary bedroom has windows on multiple walls that allow light in from different directions. You’ll love the size of the closet. Neely’s Canyon enjoys a prime northwest hills location, surrounded by valuable real estate, with convenient entrances off both Steck Ave & Spicewood Springs. Close to Apple, Dell, DT Austin. Just a short drive away are the Arboretum & upscale offerings at the Domain. Experience carefree living with HOA dues that cover water, sewer, trash/recycling, & pest control. The HOA also manages the pools, exterior maintenance & landscaping. Enjoy the security of a covered carport space & included structure insurance. Google Fiber project underway in the neighborhood with expected service availability Nov 2026.

At $319/sqft, this home is 18% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

8200 Neely Dr #154, Austin, TX 78759

Property Details

Price $365,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,144 sqft
Lot Size 0.14 acres (5,902.38 sqft)
Year Built 1982
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Neelys Canyon Condo Amd
County Travis
Zip Code 78759
$/sqft $319/sqft
Days on Market ,
HOA $561/Monthly
Annual Tax Est. $7,624.79
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT228429934
List Date May 12, 2026
Elementary School Hill
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
2220 Webberville Rd #211
Axion East Condos
$365,000 $482 1 bd / 1 ba 758 sqft , 2026-02-16
6705 Covered Bridge Dr #24
Gardens At Covered Bridge Condo
$365,000 $244 2 bd / 2 ba 1,497 sqft , 2026-04-01
8200 Neely Dr #229
Neelys Canyon Condo Amd
$365,000 $303 2 bd / 2 ba 1,203 sqft , 2025-08-01
2529 Rio Grande St #56
Orange Tree Condominium
$365,000 $403 2 bd / 1 ba 906 sqft , 2026-03-15
2656 Piping Rock Trl
Tanglewood Forest Sec 02 Ph C
$365,000 $284 3 bd / 3 ba 1,284 sqft , 2026-06-01

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
$1,752/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
$73,000
20% conventional investment loan

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

Estimated Gross Rent+$1,752
Principal + Interest−$1,992
Property Tax (~2.1% TX avg)−$639
Insurance (~0.5%)−$152
Est. Monthly Cash Flow $-1,031

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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