Active Listing  ·  68 days on market

1211 Falcon Ledge Dr

Austin, TX 78746
$1,099,000
3 Bed 2 Bath 2,051 sqft $536/sqft Built 1977 0.43 acres 2-Car Garage Pool Camelot Sec 03

Tucked just outside Lost Creek in the Camelot neighborhood, 1211 Falcon Ledge offers a rare opportunity to enjoy the best of the Westlake lifestyle on a private 0.43-acre lot with an electric privacy gate and exceptional outdoor space. This single-story 3-bedroom, 2-bath home lives beautifully with vaulted ceilings, abundant natural light, hardwood and tile flooring throughout, and a simple, functional floor plan that feels both comfortable and full of possibility. The living area and owner’s retreat open the home to natural light, while the owner’s suite features a spacious walk-in closet designed by California Closets. The kitchen opens to the main living area, creating an easy flow for everyday living and entertaining.

Out back, an oversized deck and expansive yard create a true outdoor escape with room to gather, relax, garden, play, or imagine future additions. With a generous lot, gated privacy, and a location just minutes from Westlake Country Club (see photos), Lost Creek parks, neighborhood dining, retail, and everyday conveniences, this property offers a compelling blend of location, livability, and long-term potential. Located in Travis County and outside the City of Austin, Camelot also offers a notably low 1.4611% tax rate. A special chance to get into one of Westlake’s most desirable pockets with room for the home to grow with you.

At $536/sqft, this home is priced 37% 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

1211 Falcon Ledge Dr, Austin, TX 78746

Property Details

Price $1,099,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 2,051 sqft
Lot Size 0.43 acres (18,730.8 sqft)
Year Built 1977
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Camelot Sec 03
County Travis
Zip Code 78746
$/sqft $536/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $15,248.39
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT231738308
List Date May 28, 2026
Elementary School Forest Trail
Middle School West Ridge
High School Westlake
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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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 28, 2026 $1,195,000
Previous ask $1,125,000
Current ask $1,099,000
Reduced $96,000 (-8.0%) 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
3018 Sunridge Dr #8
Sundridge Park Sec One
$1,099,000 $420 3 bd / 3 ba 2,614 sqft , 2026-04-09
7809 Old Bee Caves Rd #21
Cayena Creekside
$1,099,000 $471 4 bd / 4 ba 2,332 sqft , 2026-05-21
932 E 53rd St
Ridgetop
$1,099,000 $488 4 bd / 4 ba 2,250 sqft , 2026-06-05
2101 W 10th St
Marlton Place Sec 02
$1,099,000 $416 4 bd / 4 ba 2,643 sqft , 2026-06-30
752 Pedernales St
Lincoln Place
$1,099,000 $538 3 bd / 3 ba 2,041 sqft , 2026-07-10

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
$5,275/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
$219,800
20% conventional investment loan

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

Estimated Gross Rent+$5,275
Principal + Interest−$5,998
Property Tax (~2.1% TX avg)−$1,923
Insurance (~0.5%)−$458
Est. Monthly Cash Flow $-3,104

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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