Active Listing  ·  82 days on market

1821 Westlake Dr #103

Austin, TX 78746
$849,000
2 Bed 2 Bath 1,602 sqft $530/sqft Built 1976 0.18 acres 2-Car Garage Pool Los Altos Village Condo Amd

Premier living on desirable Westlake Drive in Los Altos Village. Only minutes to Downtown Austin and Lake Austin access. This thoroughly Re-designed and remodeled by Kasey McCarty and winner of the "ASID Contemporary Remodel of the Year" in 2009. The condo features stunning panoramic views overlooking the Bee Creek Greenbelt. The modern-minimalist condo boasts a gourmet kitchen, custom walnut built-in closets and custom cabinetry, shoji doors, wood burning fireplace, hot tub, 2 huge EON decks and over-sized attached double garage. This spa-like space lives like a large 1 bedroom, with a convertible mezzanine/2nd bedroom study. Filled with natural light, glass doors connect indoor & outdoor spaces. Los Altos Village amenities include a private clubhouse, tennis court, pool, sun deck, sauna, walking trail and paddleboard/kayak access to Lake Austin. HOA Dues - trash/recycling, water & sewer service, landscaping.

At $530/sqft, this home is priced 36% 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

1821 Westlake Dr #103, Austin, TX 78746

Property Details

Price $849,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,602 sqft
Lot Size 0.18 acres (7,753.68 sqft)
Year Built 1976
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Los Altos Village Condo Amd
County Travis
Zip Code 78746
$/sqft $530/sqft
Days on Market ,
HOA $455/Monthly
Annual Tax Est. $7,420
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT230170157
List Date May 14, 2026
Elementary School Bridge Point
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
2209 S 1st St #107
One Oak
$849,000 $660 1 bd / 1 ba 1,286 sqft , 2026-04-21
360 Nueces St #1417
Residential Condo Amd 360
$849,000 $761 2 bd / 2 ba 1,115 sqft , 2026-04-13
502 Sunset Cir
Twin Oaks Add
$849,000 $528 3 bd / 2 ba 1,609 sqft , 2026-05-07
2209 South 1st St #330
One Oak Condos
$849,000 $723 2 bd / 2 ba 1,175 sqft , 2026-06-04
910 Tillery St #A
910 Tillery Condos
$849,900 $465 3 bd / 3 ba 1,828 sqft , 2026-05-22

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
$4,075/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
$169,800
20% conventional investment loan

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

Estimated Gross Rent+$4,075
Principal + Interest−$4,633
Property Tax (~2.1% TX avg)−$1,486
Insurance (~0.5%)−$354
Est. Monthly Cash Flow $-2,398

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 Westlake Hills

Westlake Hills is Austin's most prestigious address. The small city of Westlake Hills sits in the hills west of Austin proper - with views of the city skyline, the Texas Hill Country, and Lake Austin visible from many properties. It is where Austin's most successful executives, entrepreneurs, and professionals choose to live.

The primary driver of Westlake's demand is Eanes ISD - consistently ranked among the top school districts in Texas and regularly appearing on national top-100 lists. Families move to Westlake specifically for Westlake High School, and the school's reputation sustains property values through every market cycle.

🎓
Eanes ISD

Westlake High School is among the top public high schools in Texas. AP course offerings, athletics, and college matriculation rates rival private schools. This is the #1 driver of Westlake real estate demand.

🏔️
Hill Country Views

Elevated terrain means many homes have panoramic views of downtown Austin's skyline, Lake Austin, and the surrounding hill country. Views add significant value and are irreplaceable.

🔒
Privacy & Security

Many Westlake properties are set back from the road on large lots, often in gated communities. The density is far lower than inside Austin proper.

⏱️
Downtown Access

Despite feeling removed, Westlake is 10 to 15 minutes from downtown Austin via MoPac. The hills buffer from city noise without sacrificing access.

Full Westlake Hills 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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