Active Listing  ·  9 days on market

1801 Lavaca St #15M

Austin, TX 78701
$625,000
2 Bed 2 Bath 1,264 sqft $494/sqft Built 1964 0.01 acres 2-Car Garage Pool Cambridge Condo Amd

Penthouse-level living with a front-row seat to Austin sunsets. Located on the 15th floor of iconic Cambridge Tower, Unit 15M is a distinctive two-level, loft-style residence offering 1,224 square feet, two bedrooms, two baths and an expansive private balcony spanning the full length of the unit. Floor-to-ceiling windows and western exposure fill the residence with natural light while capturing sweeping views across Austin and spectacular sunsets.

The main level features the kitchen, living and dining areas, primary bedroom and bath, laundry room and access to the balcony. The kitchen offers upgraded cabinetry and an impressive amount of storage rarely found in a residence of this size. The primary suite features custom closets and a spacious bath with dual vanities and jetted tub. A custom metal staircase adds architectural character and leads to the upper level, where the loft-style second bedroom, second bath and large walk-in closet provide a flexible space for guests, a home office or additional living area.

Built in 1965, Cambridge Tower is one of Austin’s distinctive Mid-Century Modern residential landmarks, recognized for its New Formalist architecture and exceptional location near the Texas Capitol, The University of Texas and downtown Austin.

Residents enjoy a heated swimming pool, outdoor grilling areas and a park-like setting with green space adjacent to the building. Secure, gated underground parking includes one reserved space, along with abundant gated visitor parking. The spacious lobby has recently been updated with oak flooring, with new furnishings scheduled for October 2026. A rare opportunity to own a unique loft-style residence with remarkable views in one of Austin’s most recognizable residential towers. HOA Fees cover Water, Sewer, Trash, Security, Parking Garage - 1 space reserved, Maintenance and Insurance, Internet AND Television.

At $494/sqft, this home is priced 26% above the Austin active market average of $393/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1801 Lavaca St #15M, Austin, TX 78701

Property Details

Price $625,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,264 sqft
Lot Size 0.01 acres (235.22 sqft)
Year Built 1964
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Cambridge Condo Amd
County Travis
Zip Code 78701
$/sqft $494/sqft
Days on Market ,
HOA $1,140/Monthly
Annual Tax Est. $14,560.7
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246235989
List Date September 13, 2026
Elementary School Lee
Middle School Kealing
High School McCallum
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
800 W 5th St #606
Austin City Lofts Amd
$625,000 $538 1 bd / 1 ba 1,161 sqft , 2026-04-29
710 Colorado St #8B
Brown Bldg Lofts Condo Amd
$629,500 $533 1 bd / 1 ba 1,180 sqft , 2026-09-11
901 W 9th St #216
Nokonah Condo Amd
$618,000 $662 2 bd / 1 ba 933 sqft , 2026-09-10
313 W 17th St #1202
Linden Condos
$650,000 $772 1 bd / 1 ba 842 sqft , 2026-06-05
1801 Lavaca St #6E
Cambridge Condo Amd
$599,000 $463 2 bd / 2 ba 1,294 sqft , 2026-03-31

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
$3,000/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
$125,000
20% conventional investment loan

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

Estimated Gross Rent+$3,000
Principal + Interest−$3,411
Property Tax (~2.1% TX avg)−$1,094
Insurance (~0.5%)−$260
Est. Monthly Cash Flow $-1,765

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 September 14, 2026.

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