Active Listing  ·  15 days on market

2121 S Congress Ave #501

Austin, TX 78704
$720,000
2 Bed 2 Bath 1,039 sqft $693/sqft Built 2028 2-Car Garage Pool New Construction Travis Heights

Discover a new way to live on South Congress at Leland, a thoughtfully curated condominium community by acclaimed developer Intracorp. Residence 501, part of the Barton Collection, offers two bedrooms and two bathrooms in a thoughtfully designed 1,039-square-foot layout, complemented by 72 square feet of private outdoor space.

At Leland, home extends beyond your front door. Enjoy more than 35,000 square feet of amenities, including a resort-style pool overlooking downtown Austin, a fitness center, an infrared sauna, a wellness lounge, a private dining room with a chef’s kitchen, an owner’s bar, coworking lounges, private offices, and outdoor gathering spaces. A staffed concierge, dog park, and grooming studio add comfort and convenience to everyday life.

Step outside to discover South Congress’s celebrated restaurants, eclectic boutiques, neighborhood coffee shops, live music, and unmistakable creative energy. Whether you’re enjoying a quiet morning at home or exploring the Avenue, Leland places you in the heart of it all.

More than a residence, Leland is an opportunity to own a piece of one of Austin’s most iconic neighborhoods. Schedule a private appointment at the Leland Sales Lounge and discover what makes this community so special.

At $693/sqft, this home is priced 77% 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

2121 S Congress Ave #501, Austin, TX 78704

Property Details

Price $720,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,039 sqft
Lot Size ,
Year Built 2028
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Travis Heights
County Travis
Zip Code 78704
$/sqft $693/sqft
Days on Market ,
HOA $727/Monthly
Annual Tax Est. $13,792
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT249188397
List Date October 8, 2026
Elementary School Travis Hts
Middle School Lively
High School Austin
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
1401 Eva St #206
04 Flats Condo Amd
$720,000 $741 2 bd / 2 ba 972 sqft , 2026-09-08
2708 Carnarvon Ln
Sherwood Oaks Sec 06
$715,000 $577 3 bd / 2 ba 1,239 sqft , 2026-09-25
2503 East Side Dr
Sherwood Oaks Sec 03
$729,000 $544 3 bd / 2 ba 1,339 sqft , 2026-09-03
2510 Little John Ln
Sherwood Oaks Sec 03
$699,999 $503 3 bd / 2 ba 1,393 sqft , 2026-04-10
3604 Wilson St
Cherry Hills
$699,000 $520 3 bd / 2 ba 1,344 sqft , 2026-05-31

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
$3,456/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
$144,000
20% conventional investment loan

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

Estimated Gross Rent+$3,456
Principal + Interest−$3,929
Property Tax (~2.1% TX avg)−$1,260
Insurance (~0.5%)−$300
Est. Monthly Cash Flow $-2,033

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →
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 October 9, 2026.

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