Active Listing  ·  33 days on market

917 Vargas Rd #B

Austin, TX 78741
$340,000
2 Bed 2 Bath 1,031 sqft $330/sqft Built 2020 0.08 acres 1-Car Garage Pool VARGAS ROAD SITE CONDOMINIUMS

Contemporary 2-bedroom, 2-bath home in Montopolis neighborhood featuring modern design, abundant natural light, high ceilings and an open-concept living space. The kitchen offers granite countertops, ample cabinetry and Samsung stainless steel appliances. One bedroom is conveniently located on the main level, with a spacious second bedroom and bath upstairs. Enjoy two private rooftop decks offering exceptional outdoor living and entertaining space. Additional features include recessed lighting, ceiling fans, a walk-in shower and an attached one-car garage. A unique opportunity to enjoy modern living with generous indoor and outdoor space in a convenient Austin location.

At $330/sqft, this home is 16% 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

917 Vargas Rd #B, Austin, TX 78741

Property Details

Price $340,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,031 sqft
Lot Size 0.08 acres (3,576.28 sqft)
Year Built 2020
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision VARGAS ROAD SITE CONDOMINIUMS
County Travis
Zip Code 78741
$/sqft $330/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,408.54
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT244254233
List Date August 21, 2026
Elementary School Allison
Middle School Kealing
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.

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
6303 Santos St #A
6303 Santos Site Condos
$349,900 $309 2 bd / 3 ba 1,134 sqft , 2026-08-27
1108 Vasquez St
Chernosky 16
$330,000 $258 3 bd / 2 ba 1,280 sqft , 2025-02-26
6409 Del Monte Rd
Mohle Add
$350,000 $393 2 bd / 1 ba 890 sqft , 2026-06-09
1003 Valdez St #A
Chernosky 16
$350,000 $311 2 bd / 3 ba 1,125 sqft , 2026-08-16
706 Valdez St #2
Valdez Condominiums
$329,900 $303 2 bd / 3 ba 1,087 sqft , 2026-07-10

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
$1,632/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
$68,000
20% conventional investment loan

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

Estimated Gross Rent+$1,632
Principal + Interest−$1,856
Property Tax (~2.1% TX avg)−$595
Insurance (~0.5%)−$142
Est. Monthly Cash Flow $-961

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →
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 →