Active Listing  ·  82 days on market

11815 Lochridge Dr #B

Austin, TX 78758
$309,900
3 Bed 2 Bath 1,050 sqft $295/sqft Built 1983 0.21 acres 1-Car Garage Pool Quail Hollow Sec 07

Buyers agent and buyer to verify all information the MLS.

Tucked away in North Austin’s desirable Gracy Farms area, 11815 Lochridge #B offers flexibility, location, and proven income potential. Already approved by the City of Austin as a short-term rental, this property presents an outstanding opportunity for investors, house hackers, or buyers looking to offset their mortgage with immediate cash flow. The home currently generates approximately $2,750 per month in rental income, making it a turnkey investment in one of Austin’s strongest rental markets.

Inside, the home features stylish updates, updated flooring, and an open, functional layout designed for both comfortable living and guest appeal. The spacious living area is anchored by a cozy wood-burning fireplace, while the updated kitchen offers ample cabinet storage, prep space, and a clean modern aesthetic ideal for entertaining or extended stays. Large windows throughout the home bring in abundant natural light, creating a warm and inviting atmosphere.

What truly sets Unit #B apart is its exceptionally large private yard; a rare feature for condo living and substantially larger than what you will find with almost any condo ownership opportunity. Whether you envision outdoor entertaining, pets, gardening, play space, or simply enjoying added privacy and room to spread out, this oversized yard provides an unmatched extension of the living space and adds tremendous value.

The nearby Domain offers premier shopping, dining, and entertainment, while the property provides quick access to Mopac, Hwy 183, and Downtown Austin. Residents and guests alike will appreciate being close to Austin’s employment hubs while still enjoying the charm of a quiet neighborhood.

Whether you are searching for a high-performing short-term rental investment, a move-in-ready home, or a property with unique outdoor space rarely found in condo communities, 11815 Lochridge #B is the perfect match!

At $295/sqft, this home is 25% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

11815 Lochridge Dr #B, Austin, TX 78758

Property Details

Price $309,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,050 sqft
Lot Size 0.21 acres (9,086.62 sqft)
Year Built 1983
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Quail Hollow Sec 07
County Travis
Zip Code 78758
$/sqft $295/sqft
Days on Market ,
HOA $100/Quarterly
Annual Tax Est. $8,977.42
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT229979221
List Date May 14, 2026
Elementary School Pillow
Middle School Burnet (Austin ISD)
High School Anderson
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.

Schedule a Call →

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 · May 14, 2026 $338,499
Previous ask $324,900
Current ask $309,900
Reduced $28,599 (-8.4%) 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
10600 N Platt River Dr
Texas Oaks Sec 09
$309,900 $258 3 bd / 2 ba 1,203 sqft , 2026-04-19
11815 Lochridge Dr #A
Quail Hollow Sec 07
$309,900 $269 3 bd / 2 ba 1,150 sqft , 2026-05-06
1121 Peggotty Pl
Copperfield Sec 02-D
$309,999 $285 3 bd / 2 ba 1,086 sqft , 2026-04-16
2801 Rio Grande St #203
Parapet Condo
$310,000 $373 2 bd / 2 ba 832 sqft , 2026-04-04
5307 King Henry Dr
Cavalier Park Sec 03
$310,000 $278 3 bd / 2 ba 1,116 sqft , 2026-07-30

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
$1,488/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
$61,980
20% conventional investment loan

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

Estimated Gross Rent+$1,488
Principal + Interest−$1,691
Property Tax (~2.1% TX avg)−$542
Insurance (~0.5%)−$129
Est. Monthly Cash Flow $-874

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →