Active Listing  ·  12 days on market

902 Plateau Cir #1

Austin, TX 78745
$874,000
3 Bed 3 Bath 1,944 sqft $450/sqft Built 2020 0.09 acres 1-Car Garage Pool 902 Plateau Condo

Located in South Austin’s sought-after St. Elmo District in 78745, this recently built 3-bedroom, 3-bath home puts you just minutes from 78704 and some of the best dining, entertainment, and outdoor spots in Austin.

Inside, high ceilings give the home a sense of volume the moment you walk in. Large windows bring in tons of natural light, and the open floor plan, modern finishes, and clean design keep everything feeling bright and welcoming. Downstairs, a bedroom or study with a full bath gives you flexibility for guests, working from home, or a separate living space.

Upstairs, the primary suite features a large walk-in closet and oversized shower. The second bedroom has its own ensuite bath, and the laundry room is conveniently located on the same floor.

Outside, the private yard has a landscaped covered patio with several spots to hang out, entertain, or have your morning coffee. The carport is finished with a street-facing garage door for a cleaner look and added privacy.

The location is a big part of the story here. You’re in 78745, right next door to 78704, with South Congress, South First, South Lamar, Barton Springs, and Zilker all nearby. St. David’s South Austin Medical Center is also just minutes away, making this an especially convenient South Austin location for medical professionals or anyone who wants quick access to one of the area’s major healthcare centers.

Recent construction, a flexible floor plan, great natural light, private outdoor space, and a location that keeps a huge part of Austin within easy reach.

At $450/sqft, this home is priced 15% above the Austin active market average of $393/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

902 Plateau Cir #1, Austin, TX 78745

Property Details

Price $874,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 1,944 sqft
Lot Size 0.09 acres (4,133.84 sqft)
Year Built 2020
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision 902 Plateau Condo
County Travis
Zip Code 78745
$/sqft $450/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $12,424
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246300245
List Date September 10, 2026
Elementary School St Elmo
Middle School Covington
High School Travis
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
4510 Terry O Ln #326
STATION AT ST ELMO THE CONDOMINIUMS
$895,000 $466 3 bd / 3 ba 1,920 sqft , 2026-04-10
208 Lessin Ln
Post Road
$850,000 $363 4 bd / 3 ba 2,340 sqft , 2026-01-15
1606 Grayford Dr #1
Low Theodore Heights
$850,000 $395 4 bd / 3 ba 2,153 sqft , 2026-09-05
4418 Mount Vernon Dr #A
South Manchaca
$850,000 $435 3 bd / 3 ba 1,953 sqft , 2026-09-14
219 Lessin Ln #Unit 6
Post Road
$849,000 $439 3 bd / 3 ba 1,934 sqft , 2026-05-21

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
$4,195/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
$174,800
20% conventional investment loan

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

Estimated Gross Rent+$4,195
Principal + Interest−$4,770
Property Tax (~2.1% TX avg)−$1,530
Insurance (~0.5%)−$364
Est. Monthly Cash Flow $-2,469

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 September 20, 2026.

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