Active Listing  ·  54 days on market

8502 Cima Oak Ln #A

Austin, TX 78759
$350,000
2 Bed 2 Bath 1,248 sqft $280/sqft Built 1984 0.03 acres 2-Car Garage Pool Cima Oaks Condo Ph I

$90k spent on updates recently - all new flooring, luxury vinyl plank flooring &new carpet & pad. All new kitchen cabinets and quartz countertops. Recessed lighting. Stainless appliances (Stainless Refrigerator, white washer/dryer & countertop microwave convey. All new interior paint, popcorn removed. Crown moulding added in dining area. Newer vanity in downstairs bathroom and granite added in upstairs primary bathroom. 2" white blinds throughout. A/C replaced 2019..Furnace 2006. New shingles 2022 and new exterior paint 2020. Gas log fireplace. Low HOA monthly dues ($274.) - all in the heart of Great Hills - feeding in to the best schools! Hill Elementary is just across the street and Anderson High School is 2 blocks away (Austin's only International Baccalaureate High School). Murchison Middle is less than 2 miles. The is a prime location - easy access to 183/Mopac/360.

At $280/sqft, this home is 28% 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

8502 Cima Oak Ln #A, Austin, TX 78759

Property Details

Price $350,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,248 sqft
Lot Size 0.03 acres (1,176.12 sqft)
Year Built 1984
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Cima Oaks Condo Ph I
County Travis
Zip Code 78759
$/sqft $280/sqft
Days on Market ,
HOA $274/Monthly
Annual Tax Est. $7,571.61
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT231865435
List Date June 11, 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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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 · June 11, 2026 $375,000
Current ask $350,000
Reduced $25,000 (-6.7%) 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
2609 Davis Ln #2
Hoffman Charles
$350,000 $318 2 bd / 2 ba 1,100 sqft , 2025-04-15
5309 Prock Ln
Green Valley 02
$350,000 $389 2 bd / 1 ba 900 sqft , 2026-03-12
8142 Ceberry Dr #B
Spicewood Forest
$350,000 $355 2 bd / 2 ba 987 sqft , 2026-02-23
2509 Pearl St #5
Valencia Condo
$350,000 $414 2 bd / 2 ba 845 sqft , 2026-06-05
8204 Kellog Ct
Oak Plantations
$350,000 $389 3 bd / 1 ba 900 sqft , 2026-03-13

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
$1,680/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
$70,000
20% conventional investment loan

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

Estimated Gross Rent+$1,680
Principal + Interest−$1,910
Property Tax (~2.1% TX avg)−$613
Insurance (~0.5%)−$146
Est. Monthly Cash Flow $-989

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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