Active Listing  ·  26 days on market

8601 W Gate Blvd #4203

Austin, TX 78745
$159,000
1 Bed 1 Bath 982 sqft $162/sqft Built 2021 0.06 acres Pool CANOPY AT WESTGATE GROVE CONDOMINIUMS

Welcome home to this well-maintained 1-bedroom, 1-bath condo offering comfort, convenience, and inviting outdoor space. Inside, you'll find a thoughtfully designed layout with bright living areas and a welcoming atmosphere perfect for relaxing or entertaining.

Step outside to enjoy the standout feature of this home: a spacious patio and outdoor living area, ideal for morning coffee, evening gatherings, or simply unwinding outdoors.

Conveniently located with easy access to major highways, this condo makes commuting a breeze while keeping you close to an abundance of restaurants, shopping, entertainment, and everyday amenities. Whether you're a first-time homebuyer or downsizing, this move-in-ready condo is one you won't want to miss.

**Buyer must qualify under the affordable housing program requirements, including household income limits at or below 80% of the Area Median Family Income (MFI). Additional eligibility and resale restrictions may apply.**

At $162/sqft, this home is 59% 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

8601 W Gate Blvd #4203, Austin, TX 78745

Property Details

Price $159,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 982 sqft
Lot Size 0.06 acres (2,696.36 sqft)
Year Built 2021
Garage ,
Stories ,
Type Residential · Condominium
Subdivision CANOPY AT WESTGATE GROVE CONDOMINIUMS
County Travis
Zip Code 78745
$/sqft $162/sqft
Days on Market ,
HOA $127.81/Monthly
Annual Tax Est. $3,492.07
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT244999630
List Date August 28, 2026
Elementary School Cowan
Middle School Covington
High School Bowie
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
8601 W Gate Blvd #2104
Canopy of Westgate Grove Condominium
$185,000 $214 2 bd / 2 ba 866 sqft , 2026-09-15
9508 Kempler Dr #D
Austin Hills Condominiums
$199,000 $220 1 bd / 1 ba 904 sqft , 2026-07-08
9508 Kempler Dr #B
Austin Hills Condominiums
$199,000 $220 1 bd / 1 ba 904 sqft , 2026-07-08
9508 Kempler Dr #A
Austin Hills Condominiums (Unit A)
$199,000 $220 2 bd / 1 ba 904 sqft , 2026-07-08
9508 Kempler Dr #C
Austin Hills Condominiums
$199,000 $220 2 bd / 1 ba 904 sqft , 2026-07-08

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
$763/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
$31,800
20% conventional investment loan

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

Estimated Gross Rent+$763
Principal + Interest−$868
Property Tax (~2.1% TX avg)−$278
Insurance (~0.5%)−$66
Est. Monthly Cash Flow $-449

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 29, 2026.

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