Active Listing  ·  8 days on market

1605 Chelsea Ln

Austin, TX 78704
$3,250,000
7 Bed 7 Bath 4,400 sqft $739/sqft Built 2018 0.27 acres 3-Car Garage Pool Travis Heights

This modern Travis Heights 2 home showpiece designed by award-winning architect Davey McEathron, delivers elevated design, functionality, and luxury in one of Austin’s most sought-after neighborhoods. Behind the striking modern facade of the main house, you'll find a light-filled, open-concept layout with soaring ceilings, walls of glass, and a seamless connection to the outdoors. Clean white walls, rich wood floors, and bold architectural details create a sophisticated yet warm atmosphere. This 5-bedroom home features a spacious second living area/flex space upstairs, ideal for a media room, office, or play space. The huge primary suite on the mail level includes an impressive walk-in closet and spa-like bath. Designed for entertaining and everyday living, enjoy the rooftop deck, a private sparkling pool in a private backyard retreat, and expansive indoor-outdoor spaces that flow effortlessly. Top of the line upgrades include a whole house generator, retractable awning, motorized shades, EV charger and many more. The two-car garage adds convenience and ample storage. The back house is a stylish 2-bedroom, 1,100 SF home featuring its own private pool, rooftop deck and offers the perfect setup as a high-performing Airbnb or a lock-and-leave guest house with it's own one car garage. This unique 2 home setting—nestled among majestic oaks—places you just moments from parks, trails, and Austin’s premier dining and entertainment on South Congress. Don't miss this incredibly rare investment opportunity in an unbeatable location.

At $739/sqft, this home is priced 89% 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

1605 Chelsea Ln, Austin, TX 78704

Property Details

Price $3,250,000
Status Active Listing
Beds 7
Full Baths 5
Half Baths 2
Living Area 4,400 sqft
Lot Size 0.27 acres (11,848.32 sqft)
Year Built 2018
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Travis Heights
County Travis
Zip Code 78704
$/sqft $739/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246751698
List Date September 14, 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
221 Park Ln
Sedwick A B Resub
$2,590,000 $902 6 bd / 5 ba 2,870 sqft , 2026-09-10

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
$15,600/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
$650,000
20% conventional investment loan

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

Estimated Gross Rent+$15,600
Principal + Interest−$17,737
Property Tax (~2.1% TX avg)−$5,688
Insurance (~0.5%)−$1,354
Est. Monthly Cash Flow $-9,179

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 Travis Heights

Travis Heights is the neighborhood that South Austin residents fight over. Perched on hilly terrain south of the river between South Congress and Congress Avenue, it combines the best of South Austin's character - eclectic homes, mature trees, creative energy - with genuine walkability to one of Austin's best commercial corridors.

The streets roll up and down in a way that's unusual for Austin, creating sightlines and privacy that flat neighborhoods can't offer. Homes here range from original craftsman bungalows and Victorian cottages to architecturally significant modern builds taking advantage of the topography.

🛍️
South Congress Access

Walking distance to the South Congress corridor - Austin's most eclectic commercial street, with restaurants, bars, boutiques, and the Continental Club.

🌳
Mature Tree Cover

Some of the best tree canopy in South Austin. The hilly terrain means homes have natural privacy from the street and each other.

🏊
Big Stacy Park

Neighborhood park with a spring-fed swimming pool, tennis courts, and playground - a true community asset that's a short walk for most residents.

🏘️
Neighborhood Character

Architecture ranges from 1910 craftsman bungalows to striking modern infill. The variety is part of the appeal - no two blocks look the same.

Full Travis Heights 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

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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 September 21, 2026.

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