Active Listing  ·  202 days on market

1300 Norwalk Ln #1

Austin, TX 78703
$1,475,000
3 Bed 3 Bath 2,176 sqft $678/sqft Built 2027 0.32 acres 1-Car Garage Pool WESTFIELD A

Riverside Homes, Austin’s 2018 & 2020 Green Builder of the Year, proudly introduces The Octave—an exclusive collection of eight architecturally refined courtyard residences in Tarrytown. Designed around private outdoor space, each home is composed as a series of living areas that connect to a manicured courtyard—creating a rhythm of indoor–outdoor living that feels elevated and effortless. Pre-construction reservations are now open.

At the center of each residence, the courtyard becomes a daily backdrop—welcoming morning coffee, al fresco dining, and quiet evenings under the stars. Expanses of glass and curated sightlines draw natural light into the home while maintaining privacy.

The main-level primary suite offers a serene retreat with a spa-inspired bath, walk-in shower, and high-end finishes—supporting ease of living and the ability to age in place. The kitchen is both luxurious and functional, anchored by an island and positioned to engage directly with the courtyard.

Upstairs, two secondary bedrooms are complemented by a flexible office or bonus space, ideal for working from home, hosting guests, or adapting to evolving needs. Select floor plans with private elevator option.

Crafted for a lock-and-leave lifestyle, each home features low-E windows, low-VOC finishes, water-efficient fixtures, a high-efficiency 17 SEER HVAC system, EV charging capability, and WiFi-enabled garage access.

Perfect as a primary residence or elegant pied-à-terre, The Octave offers a rare opportunity to enjoy a low-maintenance, design-forward lifestyle. Just a short stroll to Mozart’s Coffee Roasters, Hula Hut, and HEB, with easy access to Austin High School, Lions Municipal Golf Course, and minutes to downtown—offering an active, connected lifestyle with the charm of Tarrytown.

At $678/sqft, this home is priced 74% 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

1300 Norwalk Ln #1, Austin, TX 78703

Property Details

Price $1,475,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,176 sqft
Lot Size 0.32 acres (13,939.2 sqft)
Year Built 2027
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision WESTFIELD A
County Travis
Zip Code 78703
$/sqft $678/sqft
Days on Market ,
HOA $450/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT227446749
List Date April 24, 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 24, 2026 $1,365,000
Current ask $1,475,000
▲ Increased $110,000 (+8.1%) 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
1407 Hartford Rd
Enfield E
$1,498,000 $664 4 bd / 2 ba 2,256 sqft , 2026-09-15
2005 Bowman Ave
Tarry Town 06
$1,499,000 $742 3 bd / 2 ba 2,019 sqft , 2026-05-19
1205 Norwalk Ln #D
Quarry Oaks Condo
$1,349,000 $491 3 bd / 3 ba 2,747 sqft , 2026-04-13
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

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
$7,080/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
$295,000
20% conventional investment loan

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

Estimated Gross Rent+$7,080
Principal + Interest−$8,050
Property Tax (assumed ~2.1%)−$2,581
Insurance (assumed ~0.5%)−$615
Est. Monthly Cash Flow $-4,166

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 28, 2026.

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

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