Active Listing  ·  97 days on market

1511 Chelsea Ln

Austin, TX 78704
$1,799,900
4 Bed 3 Bath 2,486 sqft $724/sqft Built 1954 0.26 acres 2-Car Garage Pool Santiago Del Valle Surv Abs #2

Located in desirable Travis Heights, 1511 Chelsea Lane blends classic mid-century design with thoughtful modern updates in one of Austin’s most sought-after neighborhoods. With four bedrooms and three full bathrooms, the layout offers both comfort and flexibility. As you enter the home, you are greeted by a living and dining room with a wall of custom bookshelves and cabinetry. The main kitchen has been updated with stainless steel appliances, including a well-appointed wine fridge. The lower level functions beautifully as a private in-law suite, complete with a second full kitchen, a spacious game room, an additional bedroom, and a full bathroom. This versatile space is perfect for guests or creating a separate retreat within the home. Outside, the patio and expansive yard provide the perfect setting for relaxing or hosting friends on warm Austin days. A two-car garage adds convenience, while the exceptional Travis Heights location places you just minutes from downtown, I-35, and the Hike-and-Bike Trail, offering easy access to the best dining, entertainment, and outdoor recreation the city has to offer. Tax and assessed values are estimates for illustration purposes only. All figures should be independently verified.

At $724/sqft, this home is priced 85% 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

1511 Chelsea Ln, Austin, TX 78704

Property Details

Price $1,799,900
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,486 sqft
Lot Size 0.26 acres (11,412.72 sqft)
Year Built 1954
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Santiago Del Valle Surv Abs #2
County Travis
Zip Code 78704
$/sqft $724/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $20,592.28
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT227849930
List Date April 29, 2026
Elementary School Travis Hts
Middle School Lively
High School Travis
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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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
2206 Parkway None
Enfield D
$1,799,950 $886 3 bd / 2 ba 2,032 sqft , 2026-06-03
435 Brady Ln
Henry P Hill League
$1,800,000 $879 4 bd / 2 ba 2,047 sqft , 2026-07-27
1604 Cliffwood Dr
Aqua Monte
$1,795,000 $815 3 bd / 3 ba 2,202 sqft , 2026-05-14
10229 Oliver Dr
ABS 118 SUR 58 BAXTER W P ACR 5.30
$1,795,000 $598 3 bd / 3 ba 3,000 sqft , 2026-06-16
5224 Mccormick Mountain Dr
Travis Landing
$1,775,000 $612 3 bd / 3 ba 2,898 sqft , 2026-05-14

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
$8,640/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
$359,980
20% conventional investment loan

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

Estimated Gross Rent+$8,640
Principal + Interest−$9,823
Property Tax (~2.1% TX avg)−$3,150
Insurance (~0.5%)−$750
Est. Monthly Cash Flow $-5,083

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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