Updated Ground Floor
8600 FATHOM Circle #1107, Austin, TX 78750
For Sale
$224,900
Stylish, updated condo with pool view, convenient location.
Property Size900 SF
Price / SF$249.89
Days on Market500
Property Features for 8600 FATHOM Circle #1107
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Amenities
Fireplace
Electric
Central Air
Fireplace(s)
Central
Washer/Dryer Stacked
Dishwasher
Disposal
Microwave
Oven
Refrigerator
Stainless Steel Appliance(s)
Porch, Electricity Connected, Phone Available, Sewer Connected, Water Connected, Tile
Building Details
Building Size
Year Built
Listing Agency:
Austin NW
Listed By:
Patricia Smith · License TX #352734
(512) 431-5074
Source:
Kw
Added: Jun 29, 2025
Changed: Nov 9
Last Checked: Nov 10 at 12:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Austin NW
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Investment Insights
Based on property information with market context.
This updated ground floor condo offers a floorplan all on one level, overlooking the pool area and greenspace. The spacious living room features a fireplace and leads to a covered patio. The kitchen includes butcher-block counters, stainless backsplash, stainless appliances, a farm sink, and a breakfast bar. Conveniently located near Hwy 183 and Spicewood Springs Rd, it is next to Balcones Country Club. The area provides numerous shopping and restaurant options. The HOA covers water, sewer, and trash. Cats are allowed, but dogs are not. The property is located within the RRISD, specifically Canyon Vista and Westwood.
Key Highlights
- Rare ground floor unit with a single‑level floor plan overlooking a pool and greenspace.
- Updated kitchen featuring butcher‑block counters, stainless steel backsplash and appliances, and a farm sink.
- Convenient location near Highway 183 and Spicewood Springs Road, next to Balcones Country Club, with easy access to shopping and restaurants.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,220
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$244,400
$244.4K
Cap Rate 7%
$174,571
$174.6K
Cap Rate 9%
$135,778
$135.8K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$23.4K $26.04/SF
− Vacancy
−$1.2K −$1.35/SF
EGI
$22.2K $24.69/SF
− OpEx
−$10.0K −$11.11/SF
NOI
$12.2K $13.58/SF
Area
Austin, TX
Vacancy
5.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$244,400
Cap Rate 7%
$174,571
Cap Rate 9%
$135,778
Alternative Uses
Best Use
Apartment 5plus
$174.6K
$152.8K – $203.7K
NOI $12,220 @ 7.0% cap · market cap 5.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$352.7K
$308.6K – $411.5K
NOI $24,688 @ 7.0% cap · market cap 10.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,177
Businesses Nearby
Explore this area
Business Placement
Demographics for 78750, TX
28,348
Population
12,186
Households
2.3
Avg Household Size
40
Median Age
63%
College-Educated
96%
High-School Grad
11.8 sq mi
ZIP Area
2,402
Density / Sq Mi
$123,722
Median Household Income
$62,096
Median Earnings
$1,743
Median Rent
$552,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Austin, TX
Properties on Market for Apartment buildings in Austin
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Stylish, updated condo with pool view, convenient location.
Where is this apartment building located?
The property is located at 8600 FATHOM Circle #1107 Austin, TX.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: Rare ground floor unit with a single‑level floor plan overlooking a pool and greenspace.; Updated kitchen featuring butcher‑block counters, stainless steel backsplash and appliances, and a farm sink.; Convenient location near Highway 183 and Spicewood Springs Road, next to Balcones Country Club, with easy access to shopping and restaurants.
