Active Listing  ·  12 days on market

1318 Newning Ave #C

Austin, TX 78704
$749,500
2 Bed 3 Bath 1,401 sqft $535/sqft Built 2005 0.12 acres 1-Car Garage Pool Fairview Commons Condo Amd

The Dream Location! Incredible opportunity to live in one of the most walkable and coveted townhomes Travis Heights has to offer. Exquisite Craftsman-style, tastefully updated 2-bedroom, 2.5-bathroom condo that lives like a single-family home with a private backyard, expansive deck, attached garage, and superior walkability to the best shopping, music venues, and longtime favorite restaurants, including Aba, Two Hands, Equinox, Soho House, Saint Cecilia, Music Lane, and more. The second floor features hardwood flooring throughout and hosts the spacious primary suite, complete with a walk-in closet, and soaking tub. Upstairs also offers a generous second bedroom and a beautiful covered balcony to enjoy your morning coffee.

At $535/sqft, this home is priced 37% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1318 Newning Ave #C, Austin, TX 78704

Property Details

Price $749,500
Status Active Listing
Beds 2
Full Baths 2
Half Baths 1
Living Area 1,401 sqft
Lot Size 0.12 acres (5,052.96 sqft)
Year Built 2005
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Fairview Commons Condo Amd
County Travis
Zip Code 78704
$/sqft $535/sqft
Days on Market ,
HOA $560.19/Monthly
Annual Tax Est. $9,625
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240944325
List Date July 23, 2026
Elementary School Travis Hts
Middle School Lively
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
701 E 49th St #B
701 49th Street Estates Condom
$749,500 $420 3 bd / 3 ba 1,785 sqft , 2026-03-12
601 Vermont Rd #1
Pipkin Add 02
$749,900 $465 3 bd / 3 ba 1,614 sqft , 2026-04-09
2605 S 2nd St #2
2605 South 2nd Street Condominiums
$749,000 $580 3 bd / 4 ba 1,292 sqft , 2026-06-25
1908 Holly St
Driving Park Add
$749,000 $489 2 bd / 2 ba 1,531 sqft , 2026-06-27
1701 Simond Ave #327
Parkside/Mueller Condos
$749,000 $554 3 bd / 2 ba 1,352 sqft , 2026-06-29

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
$3,598/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
$149,900
20% conventional investment loan

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

Estimated Gross Rent+$3,598
Principal + Interest−$4,090
Property Tax (~2.1% TX avg)−$1,312
Insurance (~0.5%)−$312
Est. Monthly Cash Flow $-2,116

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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