Active Listing  ·  34 days on market

219 Lessin Ln #15

Austin, TX 78704
$499,000
2 Bed 3 Bath 912 sqft $547/sqft Built 2024 0.01 acres 1-Car Garage Pool New Construction Post Road

New Construction comes with builder 1,2,10 warranty. Builder will conduct a blue tape walk. Contact agent for information about other available units not on mls. STR's permitted for primary owners!

Stunning stand-alone unit at The Reyna community on South Congress. Discover modern living at its finest in this newly constructed unit at The Reyna, nestled in the heart of South Austin's vibrant South Congress area. Designed by the renowned Davey McEthron Architecture, this home offers an exceptional blend of style, comfort, and convenience. Boasting 2 bedrooms and 2.5 baths, this residence features a thoughtfully designed layout with high-end finishes throughout. The concrete and wood flooring lends a contemporary yet warm touch, while the large windows invite abundant natural light. Step outside to your private fenced yard, ideal for pets or an evening retreat, a rare find in urban living. Whether hosting friends or enjoying quiet moments, the open living and dining spaces cater to any lifestyle with ease. Located just moments from South Congress' eclectic dining, shopping, and entertainment, this stand-alone unit offers the perfect balance of city energy and personal sanctuary. Experience the best of South Austin living at The Reyna.

At $547/sqft, this home is priced 40% above the Austin active market average of $390/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

219 Lessin Ln #15, Austin, TX 78704

Property Details

Price $499,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths 1
Living Area 912 sqft
Lot Size 0.01 acres (653.4 sqft)
Year Built 2024
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Post Road
County Travis
Zip Code 78704
$/sqft $547/sqft
Days on Market ,
HOA $291.24/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT249394450
List Date October 9, 2026
Elementary School Galindo
Middle School Lively
High School Travis
School District Austin ISD

Austin ISD

Galindo · Lively · Travis

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
3606 Villa Ct #2
3606 Villa Court Condo
$499,000 $457 2 bd / 2 ba 1,092 sqft , 2026-07-19
4617 Englewood Dr #2
Greenwood Forest
$499,000 $412 2 bd / 3 ba 1,210 sqft , 2026-08-04
2906 S 1st St #201
Starlite Lofts
$495,000 $434 1 bd / 1 ba 1,140 sqft , 2026-10-26
610 Clifford Dr #B
Harkins C E
$509,000 $440 2 bd / 3 ba 1,158 sqft , 2026-11-01
204 La Vista St
Brinwood Sec 03
$485,000 $513 3 bd / 1 ba 945 sqft , 2026-02-13

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
$2,395/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
$99,800
20% conventional investment loan

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

Estimated Gross Rent+$2,395
Principal + Interest−$2,723
Property Tax (assumed ~2.1%)−$873
Insurance (assumed ~0.5%)−$208
Est. Monthly Cash Flow $-1,409

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 · 41 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. The written content was last updated on November 10, 2026.

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

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