Active Listing  ·  5 days on market

1122 Colorado St #1202

Austin, TX 78701
$560,000
1 Bed 1 Bath 814 sqft $688/sqft Built 1965 0.00 acres 1-Car Garage Pool Westgate Condo Amd

Experience timeless elegance in this beautiful corner unit, located in the iconic Westgate Tower. Spanning 814 square feet, this meticulously maintained residence perfectly balances modern updates with mid-century charm. The open-concept living and dining area welcomes you with rich hardwood floors and crown molding, while the four sliding glass doors flood the space with natural light and offer stunning views of the city and the Texas Capitol. The sliding glass doors each open onto private balconettes, creating a seamless connection to the outdoors and enhancing your living space. In the living room, you'll find a large dry bar with abundant storage underneath and a generous quartz countertop—perfect for entertaining. The compact kitchen features a custom feel with thoughtful design elements that maximize functionality. The spacious bedroom boasts generous closet space and its own sliding glass door with balconette. The updated bathroom exudes spa-like luxury with its chic fixtures and finishes. Living in the historic Westgate Tower means enjoying top-notch amenities, including a rooftop pool, a gym and dry sauna, and 24-hour concierge services. Residents enjoy unparalleled old-world style service that elevates the daily living experience unlike any other address in downtown Austin. With its unique location next to the Texas Capitol and Austin's vibrant cultural scene, this condo is the perfect blend of history and modern urban living. Don’t miss the opportunity to own a piece of Austin’s legacy in this highly sought-after building.

At $688/sqft, this home is priced 76% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1122 Colorado St #1202, Austin, TX 78701

Property Details

Price $560,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 814 sqft
Lot Size 0.00 acres (130.68 sqft)
Year Built 1965
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Westgate Condo Amd
County Travis
Zip Code 78701
$/sqft $688/sqft
Days on Market ,
HOA $877.55/Monthly
Annual Tax Est. $7,902.56
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241355233
List Date July 30, 2026
Elementary School Mathews
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
2901 Castro St #2
Chernosky 12
$560,000 $597 2 bd / 3 ba 938 sqft , 2026-05-22
5505 Duval St #B
North Loop
$559,000 $527 2 bd / 2 ba 1,061 sqft , 2026-04-16
2323 S Lamar Blvd #202
Precision Add
$559,000 $754 1 bd / 1 ba 741 sqft , 2026-05-08
222 West Ave #1412
Seaholm Residences Residential
$565,000 $688 1 bd / 1 ba 821 sqft , 2026-06-01
610 Davis St #3001
The Modern Austin Residences
$565,000 $920 1 bd / 1 ba 614 sqft , 2026-06-09

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
$2,688/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
$112,000
20% conventional investment loan

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

Estimated Gross Rent+$2,688
Principal + Interest−$3,056
Property Tax (~2.1% TX avg)−$980
Insurance (~0.5%)−$233
Est. Monthly Cash Flow $-1,581

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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