Active Listing  ·  3 days on market

1603 Chelsea Ln #1

Austin, TX 78704
$1,995,000
5 Bed 5 Bath 2,984 sqft $669/sqft Built 2025 0.26 acres Pool Chelsea Subd Lot 1

Discover a refined approach to South Austin living at 1603 Chelsea #1, a beautifully crafted, design-forward residence where modern architecture, effortless comfort, and an exceptional location come together. Set within a quiet residential enclave, this sophisticated home offers a private retreat just minutes from the energy of SoCo, St. Elmo, Zilker, and downtown Austin.

Inside, soaring ceilings and expansive windows create an inviting sense of volume and light, while the open-concept design offers an effortless flow for both everyday living and entertaining. At the heart of the home, the beautifully appointed kitchen pairs sleek quartz countertops, custom cabinetry, stainless steel appliances, and an oversized island to create a space that is as functional as it is refined. Contemporary finishes, quality flooring, and thoughtfully selected fixtures add warmth and sophistication throughout.

The primary suite is designed as a peaceful retreat, featuring a spa-inspired bath with a generous walk-in shower, dual vanities, and ample closet space. Additional bedrooms offer exceptional flexibility for guests, a home office, creative space, or whatever suits your lifestyle.

Beyond the interiors, a private fenced yard extends the living experience outdoors — an inviting setting for morning coffee, al fresco dining, gardening, or unwinding at the end of the day. A one-car garage and energy-efficient systems add the convenience expected of a thoughtfully designed modern home.

With its polished design, intimate setting, and proximity to some of South Austin’s most beloved dining, entertainment, and outdoor destinations, 1603 Chelsea #1 is a home that makes everyday living feel elevated. Beautifully finished and impeccably poised, this is South Austin living at its most effortless.

At $669/sqft, this home is priced 71% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1603 Chelsea Ln #1, Austin, TX 78704

Property Details

Price $1,995,000
Status Active Listing
Beds 5
Full Baths 4
Half Baths 1
Living Area 2,984 sqft
Lot Size 0.26 acres (11,325.6 sqft)
Year Built 2025
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Chelsea Subd Lot 1
County Travis
Zip Code 78704
$/sqft $669/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $14,473.98
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT248897666
List Date October 5, 2026
Elementary School Travis
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
1102 Summit St
Bellvue Park
$1,995,000 $574 4 bd / 5 ba 3,476 sqft , 2026-07-09
2000 Wilson St
Gillis Simon
$1,995,000 $795 4 bd / 4 ba 2,508 sqft , 2026-09-28
1105 Travis Heights Blvd
Travis Heights
$2,075,000 $651 4 bd / 5 ba 3,187 sqft , 2026-08-19
2007 Canterbury None #1
Driving Park Add
$1,889,000 $630 5 bd / 4 ba 3,000 sqft , 2026-06-18
1511 Chelsea Ln
Santiago Del Valle Surv Abs #2
$1,799,900 $724 4 bd / 3 ba 2,486 sqft , 2026-04-29

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
$9,576/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
$399,000
20% conventional investment loan

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

Estimated Gross Rent+$9,576
Principal + Interest−$10,888
Property Tax (~2.1% TX avg)−$3,491
Insurance (~0.5%)−$831
Est. Monthly Cash Flow $-5,634

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 · 30 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. This page was last updated on October 6, 2026.

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