Active Listing  ·  49 days on market

8888 Tallwood Dr #1306

Austin, TX 78759
$272,500
2 Bed 2 Bath 1,196 sqft $228/sqft Built 1982 0.06 acres Pool 8888 Tallwood Condo Amd

Fully remodeled, bright, modern, and move-in ready, this condo pairs an open floorplan with abundant natural light. Hardwood floors, granite counters, and a cozy fireplace set the tone, while the soaring ceilings in the living area make it ideal for hosting family and friends. The split-bedroom layout gives each bedroom privacy and its own full bath.

Step out onto the patio for a treetop retreat after a long day. Residents enjoy a gated community with a pool, tennis court, and fitness room, plus two assigned parking spaces (1 covered, 1 uncovered). The refrigerator and washer/dryer are included. Two HVAC units were replaced in 2024

Just a short drive to the Domain, the Arboretum, and downtown Austin.

At $228/sqft, this home is 42% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

8888 Tallwood Dr #1306, Austin, TX 78759

Property Details

Price $272,500
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,196 sqft
Lot Size 0.06 acres (2,561.33 sqft)
Year Built 1982
Garage ,
Stories ,
Type Residential · Condominium
Subdivision 8888 Tallwood Condo Amd
County Travis
Zip Code 78759
$/sqft $228/sqft
Days on Market ,
HOA $598/Monthly
Annual Tax Est. $5,582.57
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT247556162
List Date September 24, 2026
Elementary School Hill
Middle School Murchison
High School Anderson
School District Austin ISD

Austin ISD

Hill · Murchison · Anderson

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
9226 Jollyville Rd #122
Arcadia Condo Amd
$265,000 $231 1 bd / 2 ba 1,148 sqft , 2026-02-25
8888 Tallwood Dr #1106
8888 Tallwood Condo Amd
$290,000 $242 2 bd / 2 ba 1,196 sqft , 2026-09-12
2101 Polaris Ave #7
Polaris 02 Condo Amd
$239,900 $235 2 bd / 2 ba 1,020 sqft , 2026-09-24
9525 N Capital Of Texas Hwy #414
Loop Condo
$239,000 $246 2 bd / 1 ba 972 sqft , 2026-06-05
8210 Bent Tree Rd #104
Arbors
$235,000 $292 2 bd / 1 ba 805 sqft , 2026-04-06

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
$1,308/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
$54,500
20% conventional investment loan

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

Estimated Gross Rent+$1,308
Principal + Interest−$1,487
Property Tax (assumed ~2.1%)−$477
Insurance (assumed ~0.5%)−$114
Est. Monthly Cash Flow $-770

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 · 41 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. The written content was last updated on September 25, 2026.

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

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