Active Listing  ·  22 days on market

8909 Mountain Shadows Cv #B

Austin, TX 78735
$355,000
3 Bed 3 Bath 1,404 sqft $253/sqft Built 2004 0.18 acres 1-Car Garage Pool Mountain Shadows Cove Condo

Tucked into a small pocket community in coveted Southwest Austin, this inviting two-story condo offers a rare combination of flexible living space, outdoor privacy, and convenient access to Barton Creek, Southwest Pkwy, Hwy 71, downtown Austin, and Bee Cave. The thoughtfully designed floorplan features two spacious bedrooms upstairs plus an enclosed loft that can easily serve as a third bedroom, home office, gym, playroom, or flex space. The open and welcoming main level showcases high ceilings, durable hard-surface flooring, and a well-appointed kitchen with stainless steel appliances, gas range, breakfast bar, and three-rack dishwasher. The spacious primary suite offers a relaxing retreat with dual vanities, garden tub, and separate shower, while the generously sized second bedroom enjoys its own large bathroom with dual vanities and access to a private balcony. Step outside to discover one of the home's standout features—a fenced backyard, a rare find for condo living and ideal for entertaining, relaxing, gardening, or letting pets play. A second balcony off the front adds even more outdoor living space and captures the peaceful setting. Backing to privately owned ranch land, the home offers a serene backdrop with no immediate rear neighbors. Low HOA dues include front-yard xeriscaping and rear landscaping, while Google Fiber adds modern connectivity. A wonderful opportunity to enjoy space, privacy, and the best of Southwest Austin living.

At $253/sqft, this home is 35% 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

8909 Mountain Shadows Cv #B, Austin, TX 78735

Property Details

Price $355,000
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 Condo
County Travis
Zip Code 78735
$/sqft $253/sqft
Days on Market ,
HOA $185/Monthly
Annual Tax Est. $4,747
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246409126
List Date September 16, 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.

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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
6705 Covered Bridge Dr #24
Gardens At Covered Bridge Condo
$365,000 $244 2 bd / 2 ba 1,497 sqft , 2026-04-01
8813 Mountain Shadows Cv #A
Mountain Shadows Cove Condomin
$379,900 $243 2 bd / 3 ba 1,564 sqft , 2026-08-30
8501 Selway Dr
Windmill Run Sec 02-A
$449,900 $284 3 bd / 3 ba 1,582 sqft , 2026-08-07

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
$1,704/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
$71,000
20% conventional investment loan

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

Estimated Gross Rent+$1,704
Principal + Interest−$1,937
Property Tax (~2.1% TX avg)−$621
Insurance (~0.5%)−$148
Est. Monthly Cash Flow $-1,002

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 October 4, 2026.

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