Active Listing  ·  47 days on market

2502 Leon St #508

Austin, TX 78705
$369,000
3 Bed 2 Bath 1,036 sqft $356/sqft Built 2007 0.00 acres 2-Car Garage Pool Texan Shoal Creek

Enjoy the best of West Campus living in this spacious 3-bedroom, 2-bath condo that lives like a townhome. The unique floor plan features a versatile open loft overlooking the main living area, creating an airy, light-filled space that is perfect as a third bedroom, home office, additional living area, or game room.

Inside, you'll find stylish updates including luxury vinyl plank flooring and quartz countertops, along with a functional layout designed for comfortable everyday living. Both bedrooms and the main living areas showcase incredible views of the Downtown Austin skyline, giving you a front-row seat to the city both day and night.

Built in 2007 with premium finishes, this property also offers the rare benefit of short-term rental eligibility, making it an excellent option for homeowners, parents of UT students, or investors. Residents enjoy a sparkling courtyard pool and the convenience of two deeded parking spaces in a secure gated underground garage—an uncommon find in West Campus.

The location couldn't be better. It's an easy walk to the University of Texas campus, and the UT shuttle stop is just a block away at 25 1/2 Street and San Gabriel. Nearby are popular restaurants, coffee shops, and entertainment, with quick access to Downtown Austin and major employers. Whether you're looking for a place to call home, a game-day getaway, or a strong investment opportunity, this condo offers the space, flexibility, and location to make the most of everything Austin has to offer.

At $356/sqft, this home is 9% below the Austin active market average of $393/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

2502 Leon St #508, Austin, TX 78705

Property Details

Price $369,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,036 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 $356/sqft
Days on Market ,
HOA $557.99/Monthly
Annual Tax Est. $7,679.6
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242412140
List Date August 6, 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
2502 Leon St #200
Texan Shoal Creek
$371,900 $336 2 bd / 2 ba 1,108 sqft , 2026-08-13
3001 Cedar St #A 102
Benchmark Condo Amd
$365,000 $354 2 bd / 2 ba 1,031 sqft , 2026-06-24
501 W 26th St #108
Centennial Condo Rev 1997
$374,900 $360 2 bd / 2 ba 1,040 sqft , 2026-07-06
501 W 26th St #306
Centennial Condo Rev 1997
$375,000 $361 2 bd / 2 ba 1,040 sqft , 2026-06-15
3115 Helms St #314
Sunchase Condo Amd
$359,000 $405 2 bd / 2 ba 887 sqft , 2026-06-25

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
$1,771/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
$73,800
20% conventional investment loan

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

Estimated Gross Rent+$1,771
Principal + Interest−$2,014
Property Tax (~2.1% TX avg)−$646
Insurance (~0.5%)−$154
Est. Monthly Cash Flow $-1,043

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 August 7, 2026.

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