Active Listing  ·  14 days on market

4405 Grotto Dr

Austin, TX 78731
$875,000
3 Bed 4 Bath 2,288 sqft $382/sqft Built 2022 0.06 acres 2-Car Garage Pool The Grove

The best of Austin is right outside your front door. Located in the heart of The Grove, this beautifully maintained 3-bedroom, 3.5-bath townhome-style condo combines modern design, thoughtful finishes, and the convenience of living in one of Austin's most walkable communities. Morning workouts, coffee runs, dinner reservations, and neighborhood shopping are all just steps away.

Inside, three levels offer a balance of gathering areas and private spaces. Wood flooring, clean architectural lines, and natural light create an inviting atmosphere throughout. The open main level connects a spacious living area, dining space, and kitchen featuring white cabinetry, quartz countertops, stainless steel appliances, a gas cooktop, built-in ovens, and a large island. Multiple living areas offer flexibility for entertaining, working from home, or simply spreading out. The primary suite features a walk-in closet with built-in storage and a bathroom with dual vanities, a glass-enclosed shower, and a freestanding soaking tub.

A private entrance and attached two-car garage bring the convenience of a traditional home to townhome living. Additional features include a central vacuum system and wiring for surround sound.

Beyond your doorstep, walk to Love Cycling for a workout, meet friends at CARVE or Verdad, or stop by Grove Market for everyday essentials. The Grove's restaurants, shops, green spaces, and neighborhood amenities put so much within easy reach. With quick access to MoPac, Downtown Austin approximately 10 minutes away, and Austin-Bergstrom International Airport roughly 20 minutes away, the rest of the city is close by, too.

Beautifully maintained, thoughtfully designed, and surrounded by the best of The Grove. Come see it for yourself and make this one yours.

At $382/sqft, this home is 2% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

4405 Grotto Dr, Austin, TX 78731

Property Details

Price $875,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths 1
Living Area 2,288 sqft
Lot Size 0.06 acres (2,570.04 sqft)
Year Built 2022
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision The Grove
County Travis
Zip Code 78731
$/sqft $382/sqft
Days on Market ,
HOA $435/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT249180361
List Date October 9, 2026
Elementary School Bryker Woods
Middle School O Henry
High School Austin
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
3905 Vantage Dr
The Grove
$875,000 $408 4 bd / 4 ba 2,144 sqft , 2026-03-03
2811 W Fresco Dr
Rosedale
$850,000 $403 4 bd / 3 ba 2,109 sqft , 2026-06-26
4702 Chiappero Trl
Shoalwoods
$924,900 $456 3 bd / 2 ba 2,030 sqft , 2026-07-24
4412 Authentic Dr #206
The Grove
$815,000 $374 4 bd / 4 ba 2,178 sqft , 2026-06-24
1811 W 39th St #A/B
Ridgelea
$965,000 $472 4 bd / 3 ba 2,044 sqft , 2026-07-15

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
$4,200/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
$175,000
20% conventional investment loan

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

Estimated Gross Rent+$4,200
Principal + Interest−$4,775
Property Tax (~2.1% TX avg)−$1,531
Insurance (~0.5%)−$365
Est. Monthly Cash Flow $-2,471

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 October 22, 2026.

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