Active Listing  ·  421 days on market

2502 Leon St #505

Austin, TX 78705
$396,000
3 Bed 2 Bath 1,054 sqft $376/sqft Built 2007 0.00 acres 2-Car Garage Pool Texan Shoal Creek

2 reserved parking spaces + new luxury wood flooring throughout.

Stunning 2BD/2BA condo with loft in highly desirable Texas Shoal Creek Condominiums. Located on the 5th floor, this unit offers a bright, open layout with dramatic two-story windows, a private balcony overlooking the pool, and a smart split-bedroom floor plan for added privacy.

The spiral staircase leads to a spacious loft perfect for a 3rd bedroom, office, or second living area. Both bedrooms feature en-suite bathrooms with granite countertops. The kitchen includes granite counters, stainless appliances, and a breakfast bar. Refrigerator, new washer, and dryer convey.

Built in 2007 with premium finishes and rare short-term rental eligibility. Gated underground parking for two vehicles. Minutes to UT Austin and quick access to downtown—ideal for students, professionals, and investors.

At $376/sqft, this home is 4% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

2502 Leon St #505, Austin, TX 78705

Property Details

Price $396,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,054 sqft
Lot Size 0.00 acres (87.12 sqft)
Year Built 2007
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Texan Shoal Creek
County Travis
Zip Code 78705
$/sqft $376/sqft
Days on Market ,
HOA $568.33/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT199444696
List Date June 9, 2025
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.

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
2320 Gracy Farms Ln #1414
Stoneleigh Condo Amd
$395,911 $332 3 bd / 2 ba 1,192 sqft , 2026-02-02
5263 MEADOW CREEK Dr
EMERALD FOREST SEC 5
$395,800 $280 3 bd / 2 ba 1,413 sqft , 2026-05-19
1800 Lavaca St #A108
Greenwood Towers Amd
$395,000 $307 3 bd / 2 ba 1,288 sqft , 2025-06-01
4913 Single Shot #B Cir
Fort View Hills Sec 01
$395,000 $325 2 bd / 3 ba 1,215 sqft , 2026-01-14
1404 Norwalk Ln #201
Westfield Condominiums
$395,000 $352 2 bd / 2 ba 1,121 sqft , 2026-03-12

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
$1,901/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
$79,200
20% conventional investment loan

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

Estimated Gross Rent+$1,901
Principal + Interest−$2,161
Property Tax (~2.1% TX avg)−$693
Insurance (~0.5%)−$165
Est. Monthly Cash Flow $-1,118

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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