Active Listing  ·  48 days on market

2205 N Lamar Blvd #523

Austin, TX 78705
$420,000
1 Bed 1 Bath 985 sqft $426/sqft Built 2007 0.03 acres Pool Caswell Lofts Condo

Perched on the top floor of Caswell Lofts, this rare offering delivers sweeping treetop views over Pease Park and the Shoal Creek Greenbelt — a living backdrop that changes with every season. Soaring ceilings amplify the unit's industrial-chic character, where exposed ductwork, steel beams, and rich wood tongue-and-groove ceilings meet stained concrete floors in a design that feels both raw and refined. Oversized windows flood the space with natural light, making the open living area feel larger than its footprint suggests.

The kitchen features granite countertops, stainless appliances, and glass tile details, while the primary suite is a genuine retreat — complete with a soaking tub / shower, dual vanities, and a built-out walk-in closet. Covered private parking is included.

Designed by Team Haas Architects and built in 2007, Caswell Lofts is a 42-unit boutique building in Old Enfield, situated directly across from Pease Park with the Caswell Tennis Center next door. Downtown Austin, UT, Mopac, and the dining corridors of Clarksville and Downtown are all within five minutes. Urban living, elevated.

At $426/sqft, this home is priced 9% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2205 N Lamar Blvd #523, Austin, TX 78705

Property Details

Price $420,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 985 sqft
Lot Size 0.03 acres (1,324.22 sqft)
Year Built 2007
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Caswell Lofts Condo
County Travis
Zip Code 78705
$/sqft $426/sqft
Days on Market ,
HOA $372/Monthly
Annual Tax Est. $8,489
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237801379
List Date July 7, 2026
Elementary School Bryker Woods
Middle School O Henry
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.

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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
2529 Rio Grande St #70
Orange Tree Condominia Amd
$419,000 $396 2 bd / 2 ba 1,057 sqft , 2025-08-22
711 W 26th St #700
Piazza Navona Condo
$418,500 $386 2 bd / 2 ba 1,083 sqft , 2026-02-23
606 W Lynn St #13
West End Condo Amd
$422,500 $453 1 bd / 1 ba 933 sqft , 2026-05-14
711 W 26th St #506
Piazza Navona Condo
$424,900 $379 2 bd / 2 ba 1,122 sqft , 2026-04-02
908 NUECES St #37
Celias Court Condos
$415,000 $430 2 bd / 1 ba 965 sqft , 2026-06-11

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
$2,016/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
$84,000
20% conventional investment loan

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

Estimated Gross Rent+$2,016
Principal + Interest−$2,292
Property Tax (~2.1% TX avg)−$735
Insurance (~0.5%)−$175
Est. Monthly Cash Flow $-1,186

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 July 8, 2026.

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