Active Listing  ·  69 days on market

1615 Spyglass Dr #4

Austin, TX 78746
$1,250,000
3 Bed 3 Bath 2,241 sqft $558/sqft Built 1983 0.14 acres 2-Car Garage Pool Park 10 Condo Amd

*4.5% owner financing available/offered

Rare opportunity to own in Westlake, one of Austin’s most sought-after neighborhoods, at a price point rarely found near Westlake High School, where many homes are priced well above $2M. Located just steps from the Barton Creek Greenbelt, this updated lock-and-leave townhome offers a rare combination of nature, convenience, and value in the heart of Austin.

Surrounded by mature trees, walking trails, and scenic natural surroundings, the home provides a peaceful, private setting while remaining just minutes from Downtown Austin, Zilker Park, Barton Springs, South Congress, and Austin-Bergstrom International Airport, with quick access to Mopac. Daily access to the Greenbelt creates a lifestyle rarely found this close to the city.

Inside, the home lives like a single-family residence with soaring ceilings, a floating staircase, marbled fireplace, engineered white oak flooring, and an open-concept layout designed for both entertaining and everyday living. Large updated Anderson windows fill the home with exceptional natural light throughout the day, enhancing the warmth and openness of the space.

The thoughtfully updated kitchen features an oversized island, stainless steel appliances, designer finishes, new downdraft, and under-cabinet lighting. Upstairs includes the primary suite, two additional bedrooms, and a flexible bonus space ideal for a home office, nursery, workout room, or studio. The primary bath has been updated with a soaking tub, double vanity, fresh tile, and walk-in shower.

Additional features include a private courtyard entry, rear patio, attached two-car garage with epoxy floors and built-in storage, community pool, and HOA-maintained landscaping for easy, low-maintenance living.

Combining privacy, natural surroundings, and unbeatable access to central Austin, this is a rare opportunity to experience Westlake living at an increasingly hard-to-find price point.

At $558/sqft, this home is priced 43% 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

1615 Spyglass Dr #4, Austin, TX 78746

Property Details

Price $1,250,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,241 sqft
Lot Size 0.14 acres (6,242.15 sqft)
Year Built 1983
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Park 10 Condo Amd
County Travis
Zip Code 78746
$/sqft $558/sqft
Days on Market ,
HOA $800/Monthly
Annual Tax Est. $13,939.82
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT230687045
List Date May 27, 2026
Elementary School Cedar Creek (Eanes ISD)
Middle School Hill Country
High School Westlake
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.

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
205 Medina St #1
SHELLEY N G SUBD
$1,250,000 $754 3 bd / 3 ba 1,657 sqft , 2025-10-10
2002 Kinney Ave #B
Kinney Ave Condo Amd 2002
$1,250,000 $654 3 bd / 3 ba 1,910 sqft , 2025-09-25
2504 Wildgrove Dr
Barton Terrace Sec 03
$1,250,000 $688 3 bd / 2 ba 1,816 sqft , 2024-11-25
1227 Newning Ave #10
Travis Heights
$1,250,000 $555 3 bd / 4 ba 2,252 sqft , 2026-06-24
3622 Peregrine Falcon Dr
Woodhaven
$1,250,000 $620 4 bd / 3 ba 2,016 sqft , 2026-07-14

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
$6,000/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
$250,000
20% conventional investment loan

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

Estimated Gross Rent+$6,000
Principal + Interest−$6,822
Property Tax (~2.1% TX avg)−$2,188
Insurance (~0.5%)−$521
Est. Monthly Cash Flow $-3,531

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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