Active Listing  ·  362 days on market

2226 Westlake Dr #1-3

Austin, TX 78746
$799,000
3 Bed 2 Bath 1,623 sqft $492/sqft Built 2007 0.10 acres 1-Car Garage Pool Las Colinas At Lake Austin Con

Seller financing available for qualified buyers — making this rare Westlake opportunity even more accessible. Welcome to 2226 Westlake Drive #1, a stunning retreat tucked away in a private, gated community along the banks of Lake Austin.

This beautifully updated home offers low-maintenance living with timeless style and rare views of Lake Austin. Step inside to find an inviting layout with warm hardwood floors, high ceilings, elegant crown molding and abundant natural light. The chef's kitchen features granite countertops, stainless steel appliances, ample cabinetry and a walk-in pantry, flowing seamlessly into the spacious living and dining areas, perfect for entertaining. Upstairs, the serene primary suite includes a spa-like bath with dual vanities, a soaking tub and a generous walk-in closet.

Enjoy relaxing evenings or morning coffee on the private back patio shaded by mature trees, or take in serene lake views from the community. Additional highlights include a garage, energy-efficient windows, ample storage and the convenience of a community elevator.

Just moments from Lake Austin Marina and located in the highly acclaimed Eanes ISD, this Westlake gem is also minutes from Downtown Austin, shopping and dining. Location, comfort and elegance in one rare package.

Information provided by seller and to be independently verified by purchaser.

At $492/sqft, this home is priced 26% 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

2226 Westlake Dr #1-3, Austin, TX 78746

Property Details

Price $799,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,623 sqft
Lot Size 0.10 acres (4,212.25 sqft)
Year Built 2007
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Las Colinas At Lake Austin Con
County Travis
Zip Code 78746
$/sqft $492/sqft
Days on Market ,
HOA $542/Monthly
Annual Tax Est. $20,506.21
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT201765811
List Date August 7, 2025
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 →

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 · August 7, 2025 $849,000
Current ask $799,000
Reduced $50,000 (-5.9%) 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
4412 S 1st St #2
Hartkopf Annex
$799,000 $417 3 bd / 4 ba 1,918 sqft , 2026-02-21
3501 Pecan Springs Rd
Marlo Heights Sec 01
$799,000 $669 2 bd / 1 ba 1,194 sqft , 2025-09-10
103 S Laurelwood Dr S
LAKE RIDGE ESTATES SEC 3
$799,000 $402 3 bd / 2 ba 1,989 sqft , 2026-02-05
2612 Little John Ln
Sherwood Oaks Sec 03
$799,000 $603 3 bd / 2 ba 1,326 sqft , 2026-03-10
1808 Sylvan Dr #1
Fawn Ridge Sec 01
$799,000 $446 4 bd / 4 ba 1,793 sqft , 2026-04-23

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
$3,835/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
$159,800
20% conventional investment loan

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

Estimated Gross Rent+$3,835
Principal + Interest−$4,360
Property Tax (~2.1% TX avg)−$1,398
Insurance (~0.5%)−$333
Est. Monthly Cash Flow $-2,256

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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