About This Home

A 2 story townhome style condo in Westlake! 2 bedrooms 1.5 bathrooms with an open concept floor plan. Great location, quick drive to downtown Austin and Zilker park. The updated kitchen features granite counter tops, and SS appliances. Numerous windows throughout the dining and living area provide abundant natural light and exterior views. Two bedrooms upstairs with walk-in closets share a full bath. Enjoy outdoor living within a private, fenced-in patio. 2 assigned parking space. Zoned to Eanes ISD schools.

At $436/sqft, this home is priced 12% 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

1504 Allen Rd #B, Austin, TX 78746

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Property Details

Price $449,000

Status Active Listing

Beds 2

Full Baths 1

Half Baths 1

Living Area 1,030 sqft

Lot Size 0.07 acres (2,874.96 sqft)

Year Built 1980

Garage ,

Stories ,

Type Residential · Condominium

Subdivision Westlake Condo

County Travis

Zip Code 78746

$/sqft $436/sqft

Days on Market ,

HOA $325/Monthly

Annual Tax Est. $5,932.66

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT237784417

List Date June 26, 2026

Elementary School Cedar Creek (Eanes ISD)

Middle School Hill Country

High School Westlake

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.

Schedule a Call →

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

1115 W 10th St #205
West 10 Street Condo Amd $449,000 $359 2 bd / 2 ba 1,251 sqft , 2026-03-26

1608 Springer Ln
Quail Creek West Ph 02 Sec 01 $449,000 $333 3 bd / 2 ba 1,350 sqft , 2026-05-12

1300 Walnut Ave #B
WALNUT CONDOMINIUMS $449,000 $507 2 bd / 3 ba 886 sqft , 2026-06-19

7906 Wycombe Dr
Woodstone Village Sec 01 $449,000 $332 3 bd / 2 ba 1,353 sqft , 2026-06-18

2906 Garvey Cv
Tanglewood Forest Sec 04 Ph B $449,000 $374 2 bd / 2 ba 1,200 sqft , 2026-07-17

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

$2,155/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

$89,800

20% conventional investment loan

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

Estimated Gross Rent+$2,155

Principal + Interest−$2,450

Property Tax (~2.1% TX avg)−$786

Insurance (~0.5%)−$187

Est. Monthly Cash Flow $-1,268

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 →

Neighborhood Context

About Westlake Hills

Westlake Hills is Austin's most prestigious address. The small city of Westlake Hills sits in the hills west of Austin proper - with views of the city skyline, the Texas Hill Country, and Lake Austin visible from many properties. It is where Austin's most successful executives, entrepreneurs, and professionals choose to live.

The primary driver of Westlake's demand is Eanes ISD - consistently ranked among the top school districts in Texas and regularly appearing on national top-100 lists. Families move to Westlake specifically for Westlake High School, and the school's reputation sustains property values through every market cycle.

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Eanes ISD

Westlake High School is among the top public high schools in Texas. AP course offerings, athletics, and college matriculation rates rival private schools. This is the #1 driver of Westlake real estate demand.

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Hill Country Views

Elevated terrain means many homes have panoramic views of downtown Austin's skyline, Lake Austin, and the surrounding hill country. Views add significant value and are irreplaceable.

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Privacy & Security

Many Westlake properties are set back from the road on large lots, often in gated communities. The density is far lower than inside Austin proper.

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Downtown Access

Despite feeling removed, Westlake is 10 to 15 minutes from downtown Austin via MoPac. The hills buffer from city noise without sacrificing access.

Full Westlake Hills Guide →

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

1504 Allen Rd #B