Active Listing  ·  250 days on market

208 Lessin Ln

Austin, TX 78704
$850,000
4 Bed 3 Bath 2,340 sqft $363/sqft Built 2006 0.19 acres Pool Post Road

STEEL-FRAME MODERN + 2-BED GUEST HOUSE | ST. ELMO DISTRICT | WALLS OF GLASS | 3 MILES TO DOWNTOWN | One property, two fully independent homes in the heart of South Austin's St. Elmo district. The main residence is a steel-framed modern unlike anything else in 78704, with an inverted layout that puts everyday living where the light is: the second story is wrapped in floor-to-ceiling glass, so the open living, dining, and kitchen level floats in the tree canopy with sunlight pouring across hardwood floors, a marble mosaic accent wall, and a gas cooktop kitchen. Downstairs, a glass slider opens to a covered patio sheltered beneath the cantilever, built for year-round entertaining beside the shaded lawn. Out back, the separate 2-bedroom guest house lives like its own address with a full kitchen, gas range, and a private deck built around a mature shade tree, ideal for extended family, a work-from-home setup with real separation, or income potential (buyer to verify permitted use). The location delivers on the lifestyle the architecture promises: steps to Cosmic Coffee and Beer Garden, minutes to the breweries and distilleries of The Yard, duckpin bowling at Pins Mechanical, and South Congress dining, with downtown Austin just 3 miles up the road.

At $363/sqft, this home is 8% below the Austin active market average of $393/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

208 Lessin Ln, Austin, TX 78704

Property Details

Price $850,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,340 sqft
Lot Size 0.19 acres (8,455 sqft)
Year Built 2006
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Post Road
County Travis
Zip Code 78704
$/sqft $363/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $15,130.73
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT212542424
List Date January 15, 2026
Elementary School Galindo
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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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · January 15, 2026 $875,000
Current ask $850,000
Reduced $25,000 (-2.9%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
4418 Mount Vernon Dr #A
South Manchaca
$850,000 $435 3 bd / 3 ba 1,953 sqft , 2026-09-14
219 Lessin Ln #Unit 6
Post Road
$849,000 $439 3 bd / 3 ba 1,934 sqft , 2026-05-21
902 Plateau Cir #1
902 Plateau Condo
$874,000 $450 3 bd / 3 ba 1,944 sqft , 2026-09-10
4510 Terry O Ln #326
STATION AT ST ELMO THE CONDOMINIUMS
$895,000 $466 3 bd / 3 ba 1,920 sqft , 2026-04-10
3001 Del Curto Rd #35
Canopy Condo
$898,000 $415 4 bd / 3 ba 2,163 sqft , 2026-04-15

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
$4,080/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
$170,000
20% conventional investment loan

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

Estimated Gross Rent+$4,080
Principal + Interest−$4,639
Property Tax (~2.1% TX avg)−$1,488
Insurance (~0.5%)−$354
Est. Monthly Cash Flow $-2,401

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 15, 2026.

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