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Verified property facts
31 Cypress Knee Ln is listed at $475,000 with 3 bedrooms, 2 full, 1 half bathrooms, 2,173 square feet, 0.20-acre lot.
31 Cypress Knee Ln is zoned for Lake Travis ISD with assigned schools: Lakeway (9/10) (elementary), Hudson Bend (7/10) (middle), Lake Travis (8/10) (high). School assignments should be verified directly with the district.
31 Cypress Knee Ln is in Downtown Condos, Austin, Texas. See the full [Downtown Condos neighborhood guide](/neighborhoods/downtown-condos-austin) for market data, schools, and lifestyle details.
31 Cypress Knee Ln is a Residential built in 2006 featuring 3 bedrooms, 2 full, 1 half bathrooms, 2,173 square feet, 0.20-acre lot.
31 Cypress Knee Ln is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Price Change with current price, original ask, and market time.
Welcome to this rare, alluring home in the highly-acclaimed Courtyard at the Preserve, offering quiet luxury, thoughtful upgrades, and a lock-and-leave lifestyle all within a premier location. This elegantly-upgraded home unfolds with clean architectural lines, fresh interior paint, and LVP flooring for a seamless, modern aesthetic. Just off the entry, the formal dining room is perfectly suited for intimate gatherings & elevated dinners, framed by graceful arched walkways that lead seamlessly into the kitchen, offering both architectural charm and effortless flow for entertaining. At the heart of the home, the chef’s kitchen features refreshed cabinetry, sleek hardware, SS appliances, & a generously-sized island designed for both everyday living & elevated entertaining. The adjacent family room is anchored by a cozy statement fireplace w/ a contemporary tile surround, floating mantle, and soft dimmable lighting that sets the tone for relaxed evenings. The primary suite on the main floor offers a true sense of retreat, complemented by a fully remodeled, spa-inspired bathroom showcasing custom cabinetry, refined tile selections, & a walk-in shower designed w/ intention & comfort in mind. Upstairs, two oversized secondary bedrooms provide privacy and flexibility, joined by a versatile loft space ideal for a home office, lounge, or creative studio. Outdoors, an oversized custom deck transforms the backyard into an extension of the home, perfect for alfresco dining, intimate gatherings, or quiet mornings surrounded by mature greenery & wrought iron fencing. Additional upgrades include an epoxy-finished garage floor & a new roof installed December 2025, delivering long-term peace of mind. Courtyard at the Preserve offers a peaceful Hill Country setting w/ easy access to everyday conveniences. Conveniently located near Lake Travis, The Hills Country Club, parks, trails, Hill Country Galleria, shopping, dining, and zoned to top-rated Lake Travis ISD.
Property Type
Residential
Year Built
2006
Lot Size
0.20 acres
$/Sq Ft
$219
HOA
$450/mo
Garage
4 spaces
Listed by eXp Realty, LLC
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Public record data from county appraisal records. Market value can differ from assessed value.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-7.3% | — | $506,733 | — | — |
2024-6.2% | — | $546,598 | $43,775 | $478,731 |
2023+63.3% | — | $582,678 | $43,775 | $502,823 |
2022+7.2% | — | $356,858 | $43,775 | $538,903 |
2021 | — | $333,045 | $43,775 | $313,083 |
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility. Ratings from GreatSchools.org.
20% ($95K)
$475,000
Luxury property intelligence
A sourced read on Downtown Condos pricing, timing, and property scale. No automated valuation claim.
List price
$475,000
Price per sqft
$219/sqft
Vs. Downtown Condos median
-29.1%
$670K median
Days on market
143 days
Original to current
$25K reduction
$500K original
Active inventory context
235 listings
Price Position in Downtown Condos
Listed 29% below the Downtown Condos median
Source: MLS Grid / Unlock MLS and Keenan Group review as of May 11, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
31 Cypress Knee Ln is priced at $219 per square foot across 2,173 sqft. The Downtown Condos median list price is $670,000.
The most recent annual property tax for 31 Cypress Knee Ln is $6,334. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.
With 20% down ($95,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 31 Cypress Knee Ln is around $2,993 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $475,000, 31 Cypress Knee Ln is in the Downtown Condos market where there are currently 194 active listings in 78734. The Keenan Group has completed 16 transactions in 78734 as part of 1,000+ career sales totaling $1B+ across Austin. For a detailed market analysis, see our [Downtown Condos guide](/neighborhoods/downtown-condos-austin).
31 Cypress Knee Ln is part of a managed community with HOA dues of $450 quarterly. HOA-managed communities in Austin's luxury market typically provide amenities such as common areas, security, and exterior maintenance. Verify current dues and rules with the HOA directly.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Downtown Condos is one of Austin's established neighborhoods, zoned for Lake Travis ISD in the 78734 area. The Keenan Group has specialized in Downtown Condos real estate for 25+ years with 1,000+ career transactions. Contact (512) 415-7653 for current market conditions and available homes.
Source: Keenan Group at Compass Real Estate, #1 Austin Board of Realtors Team (2024)
8 events on record
Current Price
$475,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-7.3% | — | $506,733 | — | — |
2024-6.2% | — | $546,598 | $43,775 | $478,731 |
2023+63.3% | — | $582,678 | $43,775 | $502,823 |
2022+7.2% | — | $356,858 | $43,775 | $538,903 |
2021 | — | $333,045 | $43,775 | $313,083 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
Neighborhood guide and local insights
Austin's downtown condo market has roughly 6,000 units spread across more than 30 buildings, and no two of those buildings offer the same experience. A loft at the Seaholm Residences feels nothing like a penthouse at The Independent, which feels nothing like a residence at the Four Seasons. This is a market where the building you choose defines your lifestyle as much as the neighborhood itself, and understanding the differences between towers is essential to making a decision you will be happy with five years from now. Downtown Austin is contained within a walkable grid in the 78701 zip code, bounded roughly by Lady Bird Lake to the south, I-35 to the east, 15th Street to the north, and Lamar Boulevard to the west. The Rainey Street district, Second Street, Congress Avenue, and the Warehouse District each have their own character within that grid. Walk scores are among the highest in the city, with most daily needs within a 10-minute walk. Austin-Bergstrom International Airport is about 15 minutes by car. The Butler Hike-and-Bike Trail along Lady Bird Lake serves as the communal backyard for thousands of downtown residents, with the Pfluger Pedestrian Bridge connecting the south shore trail system. The building stock falls into several distinct categories. Glass curtain-wall towers like The Independent, The Austonian, and Spring make up about 35 percent of the inventory, offering floor-to-ceiling views and modern finishes. Sculptural contemporary buildings account for another 25 percent, including architecturally distinctive projects like the Jenga Tower and 70 Rainey. Hotel-branded residences represent roughly 15 percent of the market, with the Four Seasons Residences and the W Austin Hotel and Residences leading that category. Mid-rise projects, adaptive reuse lofts, and boutique buildings fill the remaining share. Unit sizes range from 500-square-foot studios to 5,000-square-foot penthouses. Pricing starts around $350,000 for a small unit in an older building and climbs past $5 million for top-floor residences in the newest towers. HOA fees are a significant factor, typically ranging from $500 to over $2,000 per month depending on the building's amenities and age. Downtown falls within Austin ISD, though the practical reality is that most condo buyers here are not shopping for public school access. Families with school-age children in downtown condos tend to use private schools or magnet programs. Austin ISD does serve the area, with Mathews Elementary, O. Henry Middle School, and Austin High School as the zoned campuses. Austin High, located along the lake near Tarrytown, is one of the stronger high schools in the district and draws students from several central Austin neighborhoods. The lifestyle trade downtown is straightforward: you give up a yard and a garage and gain walkability and density of experience. Lady Bird Lake is the anchor, with the Butler Trail providing running, cycling, and kayaking access directly from most buildings. Emmer and Rye on Rainey Street is a pasta destination that changes its menu based on what the farmers bring in. Red Ash on Colorado handles Italian steakhouse with a wood-fired grill. La Condesa on Second Street serves Mexico City-inspired cuisine in a room that feels like a special occasion every time. For a true splurge, Otoko is a 12-seat omakase experience on South Congress that requires reservations weeks out. Clark's Oyster Bar is where the real estate agents eat lunch. The Shoal Creek Trail provides a quieter north-south route for joggers who want to avoid the lakeside crowds. Cultural offerings include the Blanton Museum, the Contemporary Austin, and the live music venues along Sixth Street and Red River. Downtown condos compete for a specific buyer against several alternatives. Compared to Bouldin Creek or Travis Heights south of the river, you get true walkability and high-rise views but sacrifice outdoor space and neighborhood character. Compared to Clarksville or Old West Austin, you trade tree cover and historic charm for modern amenities and a lock-and-leave lifestyle. The Rainey Street buildings offer a younger, more social atmosphere. The Second Street corridor feels more polished and retail-oriented. The western edge near Shoal Creek is quieter and more residential in feel. Each micro-location within downtown carries its own premium and its own personality. Downtown condos make the most sense for buyers who want to walk to dinner, work, and the lake without ever needing a car key. This market works for professionals who travel frequently and want a low-maintenance home base, for empty nesters trading a suburban house for urban energy, and for anyone who values experiences over square footage. If you need more than two bedrooms or are sensitive to HOA costs, look elsewhere. But for the buyer who has decided that being in the center of Austin's cultural life is worth the premium, there is no substitute for being downtown.
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