Active Listing  ·  14 days on market

1000 Liberty Park Dr #507

Austin, TX 78746
$625,000
2 Bed 2 Bath 1,191 sqft $525/sqft Built 1996 0.12 acres 1-Car Garage Pool Liberty Park Condo Amd

Tucked within a gated Westlake community, 1000 Liberty Park Drive #507 offers a peaceful retreat just minutes from the heart of Austin. Surrounded by lush greenery and overlooking a private greenspace, this bright and inviting second-floor condo combines the ease of lock-and-leave living with an exceptional location.

Thoughtfully designed across 1,191 square feet, the single-level floor plan features two bedrooms and two full baths, offering a comfortable balance of space, functionality, and flexibility. Natural light fills the living areas, while tranquil greenspace views create a sense of privacy and connection to the outdoors. The secondary bedroom provides versatility for guests, a home office, or additional living space. With a manageable footprint and low-maintenance lifestyle, the residence is equally suited for everyday living or a convenient Austin home base.

Located within one of Westlake's few condominium communities and zoned to acclaimed Eanes ISD, the property offers the added benefits of gated access, a community swimming pool, and beautifully established surroundings. The peaceful setting feels removed from the energy of the city, yet some of Austin's most beloved destinations are just minutes away.

Start your morning with coffee at Day Maker Half Day Cafe, grab a bite at Tacodeli, or pick up groceries at nearby Trader Joe's, all approximately a mile from home. Outdoor enthusiasts will appreciate easy access to the Barton Creek Greenbelt and Zilker Park, while Downtown Austin's dining, entertainment, and cultural attractions are just a short drive away.

Offering an appealing combination of privacy, convenience, and location, this Westlake residence delivers an effortless approach to Austin living, with the city's best amenities close at hand and a quiet retreat to return to at the end of the day.

At $525/sqft, this home is priced 35% above the Austin active market average of $390/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1000 Liberty Park Dr #507, Austin, TX 78746

Property Details

Price $625,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,191 sqft
Lot Size 0.12 acres (5,148.79 sqft)
Year Built 1996
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Liberty Park Condo Amd
County Travis
Zip Code 78746
$/sqft $525/sqft
Days on Market ,
HOA $504.9/Monthly
Annual Tax Est. $10,819
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT250996882
List Date October 29, 2026
Elementary School Cedar Creek (Eanes ISD)
Middle School Hill Country
High School Westlake
School District Eanes ISD

Eanes ISD

Cedar Creek (Eanes ISD) · Hill Country · Westlake

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
1000 Liberty Park Dr #406
Liberty Park Condo Amd
$675,000 $462 2 bd / 2 ba 1,461 sqft , 2026-04-23
2101 Airole Way #A
2101 Airole Way Condos
$719,000 $489 2 bd / 3 ba 1,471 sqft , 2026-05-21
1701 Spyglass Dr #2
Barton Hollow Condo Amd
$759,000 $514 2 bd / 3 ba 1,477 sqft , 2026-08-14
1135 Barton Hills Dr #206
Springhollow Condo Amd
$475,000 $395 2 bd / 2 ba 1,204 sqft , 2026-11-01

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
$3,000/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
$125,000
20% conventional investment loan

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

Estimated Gross Rent+$3,000
Principal + Interest−$3,411
Property Tax (assumed ~2.1%)−$1,094
Insurance (assumed ~0.5%)−$260
Est. Monthly Cash Flow $-1,765

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 · 41 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. The written content was last updated on November 3, 2026.

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

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