Active Listing  ·  63 days on market

8605 Putnam Dr #202

Austin, TX 78757
$250,000
2 Bed 1 Bath 910 sqft $275/sqft Built 1972 Pool PUTNAM PALMS CONDOMINIUM

This isn’t your typical white-box condo- it’s got soul. Perched on the second floor in the heart of Wooten, this 2-bed, 1-bath spot serves up style, storage, and all the Austin cool you could ask for. Inside you’ll find bright natural light, great flow, and thoughtful updates, plus in-unit washer + dryer (huge win) and plenty of storage for bikes, boards, or band gear. Step outside and you’re moments from Epoch Coffee, Yard Bar, Pinthouse, Vigilante Gastropub, and Alamo Drafthouse Village. Quick access to 183 + Burnet keeps everything easy. If you’re looking for character, convenience, and a true taste of Austin living, this is it.

At $275/sqft, this home is 30% 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

8605 Putnam Dr #202, Austin, TX 78757

Property Details

Price $250,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 910 sqft
Lot Size ,
Year Built 1972
Garage ,
Stories ,
Type Residential · Condominium
Subdivision PUTNAM PALMS CONDOMINIUM
County Travis
Zip Code 78757
$/sqft $275/sqft
Days on Market ,
HOA $235/Monthly
Annual Tax Est. $5,997
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT232401150
List Date June 2, 2026
Elementary School Wooten
Middle School Burnet (Austin ISD)
High School Navarro Early College
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
710 E Dean Keeton St #212
Century Condo
$250,000 $418 1 bd / 1 ba 598 sqft , 2026-01-03
3840 Far West Blvd #101
Far West Skyline Condo
$250,000 $294 2 bd / 2 ba 849 sqft , 2026-03-18
9525 N Capital Of Texas Hwy #623
Loop Condo
$250,000 $257 2 bd / 1 ba 972 sqft , 2026-01-08
2918 Ranch Road 620 None N #X201
Villas On Travis Condo Amd
$250,000 $208 2 bd / 2 ba 1,204 sqft , 2025-08-27
4159 Steck Ave #258
Mesa Village Condo Amd
$250,000 $237 2 bd / 2 ba 1,056 sqft , 2026-02-13

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
$1,200/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
$50,000
20% conventional investment loan

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

Estimated Gross Rent+$1,200
Principal + Interest−$1,364
Property Tax (~2.1% TX avg)−$438
Insurance (~0.5%)−$104
Est. Monthly Cash Flow $-706

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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