Active Listing  ·  45 days on market

8909 Mountain Shadows Cv #B

Austin, TX 78735
$369,900
3 Bed 3 Bath 1,404 sqft $263/sqft Built 2004 0.18 acres 1-Car Garage Pool Mountain Shadows Cove Condomin

Experience the perfect blend of modern Texas Farmhouse style and peaceful Hill Country living in this beautifully appointed condo overlooking scenic ranch land in the heart of Southwest Austin. Enjoy breathtaking Hill Country views from nearly every room while being just minutes from Downtown Austin, Bee Cave, and Dripping Springs.

Designed for both comfort and entertaining, the open-concept floor plan features soaring ceilings, walls of windows, and abundant natural light that create an exceptionally spacious feel. Step outside to your private, fully fenced backyard with generous green space—ideal for year-round outdoor living, relaxing, or entertaining.

Enjoy true lock-and-leave convenience with a low HOA fee that includes basic yard maintenance and homeowner's insurance.

The luxurious primary suite offers a spa-inspired retreat with a deep soaking tub, free standing walk-in shower, and spacious walk-in closet. A secondary bedroom features its own private balcony, while the versatile third bedroom with French doors is perfect as a home office, den, or guest room.

Thoughtful upgrades include a beautifully updated staircase and durable laminate wood flooring throughout the second level—there is no carpet anywhere in the home.

Ideally located near some of Austin's most popular parks, shopping, dining, and entertainment, you'll enjoy quick access to the Hill Country Galleria, Arbor Trails, Lantana Place, Whole Foods, H-E-B, Jack Allen's Kitchen, Shore Raw Bar & Grill, Black Rock Coffee Bar, and countless other local favorites. Google Fiber is available for lightning-fast internet. This is the perfect combination of style, convenience, and Hill Country tranquility in one of Southwest Austin's most desirable locations.

At $263/sqft, this home is 33% 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

8909 Mountain Shadows Cv #B, Austin, TX 78735

Property Details

Price $369,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,404 sqft
Lot Size 0.18 acres (8,015.04 sqft)
Year Built 2004
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Mountain Shadows Cove Condomin
County Travis
Zip Code 78735
$/sqft $263/sqft
Days on Market ,
HOA $185/Monthly
Annual Tax Est. $4,747
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239465204
List Date July 10, 2026
Elementary School Oak Hill
Middle School Small
High School Austin
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 →

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 · July 10, 2026 $388,000
Previous ask $375,000
Current ask $369,900
Reduced $18,100 (-4.7%) 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
6705 Covered Bridge Dr #24
Gardens At Covered Bridge Condo
$365,000 $244 2 bd / 2 ba 1,497 sqft , 2026-04-01
6705 Covered Bridge Dr #10
Gardens At Covered Bridge Condo
$375,000 $251 2 bd / 2 ba 1,497 sqft , 2026-07-27
8501 Selway Dr
Windmill Run Sec 02-A
$479,000 $303 3 bd / 3 ba 1,582 sqft , 2026-08-07
7210 Smokey Hill Rd
Scenic Brook West
$495,000 $295 3 bd / 2 ba 1,678 sqft , 2026-07-29

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
$1,776/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
$73,980
20% conventional investment loan

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

Estimated Gross Rent+$1,776
Principal + Interest−$2,019
Property Tax (~2.1% TX avg)−$647
Insurance (~0.5%)−$154
Est. Monthly Cash Flow $-1,044

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 21, 2026.

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