Active Listing  ·  7 days on market

4006 Montage Pass

Austin, TX 78731
$1,599,990
3 Bed 4 Bath 3,270 sqft $489/sqft Built 2027 0.06 acres 2-Car Garage Pool Grove

Photos are illustrative only. Estimated Completion Feb 2027. Experience an exceptional urban lifestyle at The Grove, one of Austin’s premier mixed use communities where thoughtfully planned green spaces, trails, dining, shopping, fitness, and everyday conveniences come together in a highly central location. Pocket parks, pedestrian friendly streets, preserved green space, and inviting gathering areas create a walkable environment with opportunities to enjoy the outdoors just beyond your front door.

This Laurel G townhome by MSignature Homes offers 3,270 sq ft across 3 thoughtfully designed levels with 3 bedrooms, 3 full baths, and 1 half bath. Ideally positioned as an end unit overlooking a Pocket Park, the home enjoys an enhanced sense of openness along with views across the park, community, and Austin cityscape from its outdoor living spaces. A private elevator connects all 3 floors for effortless everyday living. The chef inspired kitchen features 10' cabinetry, quartz countertops, generous workspace, and elevated finishes, opening seamlessly to the main living and dining areas. Hardwood flooring enhances the sophisticated interior while abundant windows take advantage of the end unit location and surrounding views. The spacious primary suite provides a relaxing retreat with a spa inspired bath featuring a separate soaking tub and walk in shower. A versatile second living area provides additional space for entertaining, working from home, or relaxing. Enjoy the outdoors from the private covered balcony overlooking the surrounding community and Pocket Park.

The Grove offers outstanding access to central Austin and Downtown, with a pedestrian bridge connecting the community to Central Market and nearby Shoal Creek trails providing miles of recreation. Shopping, acclaimed dining, medical centers, major employment destinations, entertainment, and everyday conveniences are all within easy reach, creating an exceptional lock and leave Austin lifestyle.

At $489/sqft, this home is priced 25% 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

4006 Montage Pass, Austin, TX 78731

Property Details

Price $1,599,990
Status Active Listing
Beds 3
Full Baths 3
Half Baths 1
Living Area 3,270 sqft
Lot Size 0.06 acres (2,570.04 sqft)
Year Built 2027
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Grove
County Travis
Zip Code 78731
$/sqft $489/sqft
Days on Market ,
HOA $437/Monthly
Annual Tax Est. $1,051.85
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243717069
List Date August 17, 2026
Elementary School Bryker Woods
Middle School O Henry
High School Akins
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
4014 Montage Pass
Grove
$1,596,293 $488 3 bd / 4 ba 3,270 sqft , 2026-08-13
3907 Bailey Ln
Dunn
$1,665,000 $611 4 bd / 4 ba 2,727 sqft , 2026-05-14
3405 Cascadera Dr
Balcones Park Edgemont Sec 02
$1,495,000 $583 4 bd / 3 ba 2,566 sqft , 2026-07-17
3007 Village Dr
Highland Village Sec 02 Pt 02
$1,770,000 $663 4 bd / 4 ba 2,671 sqft , 2026-07-06
2716 Hillview Green Ln
Hillview Green
$1,425,000 $463 3 bd / 4 ba 3,075 sqft , 2026-01-27

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
$7,680/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
$319,998
20% conventional investment loan

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

Estimated Gross Rent+$7,680
Principal + Interest−$8,732
Property Tax (~2.1% TX avg)−$2,800
Insurance (~0.5%)−$667
Est. Monthly Cash Flow $-4,519

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 August 19, 2026.

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