Active Listing  ·  213 days on market

1205 Norwalk Ln #D

Austin, TX 78703
$1,349,000
3 Bed 3 Bath 2,747 sqft $491/sqft Built 2006 0.15 acres 2-Car Garage Pool Quarry Oaks Condo

Nearly 2,750 square feet of custom-built, lock-and-leave living in Deep Eddy- offering the space, quality and feel of a home without the upkeep. Tucked within the intimate Quarry Oaks community, 1205 Norwalk Lane Unit D is a rare opportunity to own a thoughtfully designed custom residence in one of Austin’s most desirable central neighborhoods. With generous living spaces, privacy and a prime 78703 location, the home offers a unique alternative to both a traditional condo and a single-family property. Inside, the custom design is evident in the scale, layout and attention to detail throughout. The thoughtful floor plan provides abundant room for everyday living, entertaining, working from home, and hosting guests. Expansive living areas, three bedrooms, flexible-use spaces and inviting outdoor areas create a sense of comfort and substance that is rarely found in a lock-and-leave residence. For buyers who want the square footage and character of a custom home without the maintenance of a large yard, this property offers an exceptional solution. Its low-maintenance lifestyle makes it equally well suited for a full-time residence, second home or centrally located Austin retreat. Just minutes from downtown Austin, Lake Austin, UT and some of the city’s most loved restaurants, shops and neighborhood destinations, 1205 Norwalk Lane Unit D combines custom-built quality, exceptional space and effortless Central Austin living.

At $491/sqft, this home is priced 26% 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

1205 Norwalk Ln #D, Austin, TX 78703

Property Details

Price $1,349,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,747 sqft
Lot Size 0.15 acres (6,621.12 sqft)
Year Built 2006
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Quarry Oaks Condo
County Travis
Zip Code 78703
$/sqft $491/sqft
Days on Market ,
HOA $576/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT226086379
List Date April 13, 2026
Elementary School Casis
Middle School O Henry
High School Austin
School District Austin ISD

Austin ISD

Casis · O Henry · Austin

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 · April 13, 2026 $1,600,000
Previous ask $1,400,000
Current ask $1,349,000
▼ Reduced $251,000 (-15.7%) 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
2207 Forest Trl #A
Windsor Road/Forest Trail Condo
$1,349,000 $416 4 bd / 5 ba 3,240 sqft , 2026-04-10
2913 Cherry Ln #A
Cherry Lane City Homes Condo
$1,340,000 $703 3 bd / 3 ba 1,906 sqft , 2026-01-09
2500 W 12th St
Westfield A
$1,250,000 $454 4 bd / 3 ba 2,752 sqft , 2026-09-24
1300 Norwalk Ln #1
WESTFIELD A
$1,475,000 $678 3 bd / 3 ba 2,176 sqft , 2026-04-24
1407 Hartford Rd
Enfield E
$1,498,000 $664 4 bd / 2 ba 2,256 sqft , 2026-09-15

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
$6,475/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
$269,800
20% conventional investment loan

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

Estimated Gross Rent+$6,475
Principal + Interest−$7,362
Property Tax (assumed ~2.1%)−$2,361
Insurance (assumed ~0.5%)−$562
Est. Monthly Cash Flow $-3,810

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 October 17, 2026.

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

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