Active Listing  ·  12 days on market

2501 E 11th St #1

Austin, TX 78702
$599,999
3 Bed 2 Bath 1,056 sqft $568/sqft Built 2020 0.07 acres Pool Grandview Place

Welcome to 2501 E. 11th Street, a charming East Austin home with an inviting feel, thoughtful details, and a location that puts some of the neighborhood’s most loved spots right at your fingertips. Recently built and meticulously maintained, this 3-bedroom, 2-bath residence sits on a desirable corner lot and offers the ease of newer construction while still capturing the character and warmth that make East Austin so special. Inside, comfortable living spaces and a thoughtful layout create a home that feels equally suited for quiet mornings, weekends with friends, or settling into everyday life. Offered fully furnished and truly turnkey, every detail has been considered to make the transition into ownership seamless. The property is currently operating as an active vacation rental, creating a unique opportunity for a buyer looking for a personal residence, a furnished East Austin retreat, or the potential to continue its existing use. Beyond the home itself, the location is one of its greatest draws. Step out into a neighborhood filled with some of Austin’s favorite local destinations, with Kitty Cohen’s, Murray’s Tavern, Desnudo Coffee, and an ever-growing collection of restaurants, coffee shops, bars, and neighborhood hangouts just minutes away. Enjoy easy access to downtown Austin, Lady Bird Lake, the vibrant East 6th and East 11th corridors, and everything that makes the East Side one of the city’s most energetic places to live. Whether enjoying the home as your own or exploring its investment potential, 2501 E. 11th Street offers a rare combination of charm, convenience, flexibility, and a true East Austin lifestyle—all in a beautifully maintained, move-in-ready package.

At $568/sqft, this home is priced 45% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2501 E 11th St #1, Austin, TX 78702

Property Details

Price $599,999
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,056 sqft
Lot Size 0.07 acres (3,206.02 sqft)
Year Built 2020
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Grandview Place
County Travis
Zip Code 78702
$/sqft $568/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $9,903.64
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246162788
List Date September 10, 2026
Elementary School Blackshear
Middle School Kealing
High School Eastside Early College
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
2104 E 2nd St #2
E 2nd St
$599,900 $571 2 bd / 3 ba 1,050 sqft , 2026-07-10
1184 Navasota St
Robertson George L
$595,000 $420 3 bd / 2 ba 1,417 sqft , 2026-06-23
301 N Pleasant Valley Rd #1
301 Pleasant Valley Condominiums
$595,000 $437 3 bd / 4 ba 1,361 sqft , 2026-08-20
1701 E Martin Luther King Jr Blvd #204
SOL-MLK CONDOMINIUMS
$589,950 $453 2 bd / 2 ba 1,302 sqft , 2026-07-09
1608 Ulit Ave #A
1608 Ulit Ave Condos
$589,500 $472 3 bd / 2 ba 1,250 sqft , 2026-05-25

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
$2,880/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
$120,000
20% conventional investment loan

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

Estimated Gross Rent+$2,880
Principal + Interest−$3,274
Property Tax (~2.1% TX avg)−$1,050
Insurance (~0.5%)−$250
Est. Monthly Cash Flow $-1,694

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 22, 2026.

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