Updated Ground Floor
For Sale
$224,900
8600 FATHOM Circle #1107, Austin, TX 78750
Stylish, updated condo with pool view, convenient location.
Property Size900 SF
Price / SF$249.89
Days on Market404
Property Features for 8600 FATHOM Circle #1107
General Information
Standard status
Active
Size
900 SF
Property subtype
Condominium
Building Details
Year Built
1983
Listing Agency:
Austin NW
(512) 431-5074
Listed By:
Patricia Smith · License #352734
(512) 431-5074
Source:
Kw
Added: Jun 29, 2025
Changed: Jul 6
Last Checked: Aug 5 at 12:02PM
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
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 For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.4k | $26.04 |
| − Vacancy | −$1.2k | −$1.35 |
| EGI | $22.2k | $24.69 |
| − OpEx | −$10.0k | −$11.11 |
| NOI | $12.2k | $13.58 |
900 SF · lease $26.04/SF/yr · vacancy 5.20% · expense 45.00%
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.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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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.
