About This Home

Welcoming, cheerful, inviting and serene!. This spacious and well designed condo is ready for you to create in Austin, your favorite place to be. The living-dining area, features track lighting, crown molding & floor to ceiling glass doors that open to charming balconies, overlooking the north grounds of the TX Capitol, the iconic UT Tower, beautiful views of old West Austin and expansive views of the hills.

Building amenities are too many to list but EASY to show and tell. Come take a look. The Westgate might just be the perfect spot for you.All furnishings currently in the unit convey.!

At $716/sqft, this home is priced 83% 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 #1902, Austin, TX 78701

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Property Details

Price $585,000

Status Active Listing

Beds 1

Full Baths 1

Half Baths ,

Living Area 817 sqft

Lot Size 0.00 acres (126.32 sqft)

Year Built 1965

Garage 1 spaces

Stories ,

Type Residential · Condominium

Subdivision Westgate Condo Amd

County Travis

Zip Code 78701

$/sqft $716/sqft

Days on Market ,

HOA $730/Monthly

Annual Tax Est. $12,266

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT240331944

List Date July 18, 2026

Elementary School Mathews

Middle School O Henry

High School Austin

School District ,

Have Questions About This Property?

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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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · July 18, 2026 $595,000

Current ask $585,000

▼ Reduced $10,000 (-1.7%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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

48 East Ave #1308
48 East Condos $585,000 $729 1 bd / 1 ba 803 sqft , 2026-06-12

44 East Ave #1609
UNT 1609 44 EAST AVE CONDOMINIUMS PLUS .2172 % INT $589,000 $745 2 bd / 2 ba 791 sqft , 2026-05-13

44 East Ave #1503
44 East Avenue Condominiums $580,000 $939 1 bd / 1 ba 618 sqft , 2026-01-16

2703 E 3rd St #2
Anthony W B $577,000 $533 2 bd / 3 ba 1,083 sqft , 2025-09-05

105 Elkhart St #3
ELKHART CONDOMINIUMS $575,000 $596 2 bd / 3 ba 964 sqft , 2026-05-08

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

$2,808/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

$117,000

20% conventional investment loan

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

Estimated Gross Rent+$2,808

Principal + Interest−$3,193

Property Tax (~2.1% TX avg)−$1,024

Insurance (~0.5%)−$244

Est. Monthly Cash Flow $-1,653

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

1122 Colorado St #1902