Active Listing  ·  19 days on market

2433 Westlake Dr

Austin, TX 78746
$2,695,000
3 Bed 3 Bath 2,146 sqft $1,256/sqft Built 1981 0.10 acres 2-Car Garage Pool Waterfront Orleans Harbor Condo Amd

Discover unparalleled waterfront living at one of Lake Austin’s premier condominium communities, offering a rare combination of luxury, privacy, and direct lake access within highly acclaimed Eanes ISD. This exceptional end-unit residence includes a private boat slip with a brand-new hydraulic boat lift accommodating up to 8,000 pounds, all set within a protected private harbor. With no shared northern wall, the home offers enhanced privacy and exceptional natural light throughout. Completely remodeled down to the studs in 2010, the residence showcases remarkable craftsmanship and timeless design with sweeping harbor and Lake Austin views, hand-plastered walls, antique doors, barn wood beams, custom cabinetry, curated lighting, and beautifully detailed architectural accents throughout.

The thoughtfully designed floor plan includes 3 bedrooms, 2.5 baths, one living area, and one dining area, blending warmth and sophistication with effortless waterfront living. The main level features an elegant gourmet kitchen designed for both style and functionality, complemented by travertine and wood flooring throughout. For added convenience, a private elevator provides direct access to the primary suite, creating a seamless lock-and-leave lifestyle. Residents enjoy access to a lakeside pool, a serene viewing peninsula ideal for relaxation, and the unique opportunity to expand upward, as the community now permits owners to build up to a third-story viewing level. Located within a small gated community in desirable Westlake, this is an extraordinary opportunity to own one of Lake Austin’s most sophisticated waterfront residences. Tax and assessed values are estimates for illustration purposes only. All figures should be independently verified.

At $1,256/sqft, this home is priced 220% above the Austin active market average of $393/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2433 Westlake Dr, Austin, TX 78746

Property Details

Price $2,695,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,146 sqft
Lot Size 0.10 acres (4,356 sqft)
Year Built 1981
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Orleans Harbor Condo Amd
County Travis
Zip Code 78746
$/sqft $1,256/sqft
Days on Market ,
HOA $625/Monthly
Annual Tax Est. $41,877.37
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT245401468
List Date September 3, 2026
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 →

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
1900 Matthews Dr
Laurel Heights
$2,599,000 $902 4 bd / 4 ba 2,880 sqft , 2026-06-25
3601 Cherry Ln
Walsh Place
$3,125,000 $1,125 4 bd / 4 ba 2,778 sqft , 2026-08-25
2101 Stamford Ln
Westfield A
$2,250,000 $791 4 bd / 4 ba 2,846 sqft , 2026-09-02
3514 Bridle Path
Walsh Place
$2,000,000 $762 3 bd / 2 ba 2,624 sqft , 2026-03-04
2803 Bridle Path
Westenfield 01
$1,950,000 $712 3 bd / 3 ba 2,737 sqft , 2026-03-06

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
$12,936/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
$539,000
20% conventional investment loan

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

Estimated Gross Rent+$12,936
Principal + Interest−$14,708
Property Tax (~2.1% TX avg)−$4,716
Insurance (~0.5%)−$1,123
Est. Monthly Cash Flow $-7,611

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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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 4, 2026.

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