About This Home

Experience refined waterfront living at West Harbour Villas, an exclusive gated community on the shores of Lake Austin. Each residence offers its own distinctive style and custom finishes, with Villa 301 showcasing a sophisticated industrial contemporary aesthetic defined by clean lines, modern materials that are infused by natural light. A private rooftop lounge and viewing deck offer panoramic lake views and an effortless setting for entertaining or relaxing. Enjoy low-maintenance living just minutes from downtown Austin’s premier dining, culture, and UT football. The option to purchase a boat slip in the marina is available and deeded separately. A rare opportunity where modern design, privacy, and lakefront living converge.

At $1,710/sqft, this home is priced 336% 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

2503 Westlake Dr #301, Austin, TX 78746

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Property Details

Price $7,495,000

Status Active Listing

Beds 3

Full Baths 3

Half Baths 1

Living Area 4,383 sqft

Lot Size 0.34 acres (14,644.87 sqft)

Year Built 2026

Garage 2 spaces

Stories ,

Type Residential · Condominium

Subdivision West Harbour Marina Condos

County Travis

Zip Code 78746

$/sqft $1,710/sqft

Days on Market ,

HOA $1,750/Monthly

Annual Tax Est. ,

Pool Yes

Waterfront Yes

New Construction Yes

MLS # ACT243849924

List Date August 20, 2026

Elementary School Bridge Point

Middle School Hill Country

High School Westlake

School District ,

Have Questions About This Property?

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

2503 Westlake Dr #201
West Harbour Marina Condos $7,900,000 $1,942 3 bd / 4 ba 4,067 sqft , 2026-08-19

2905 Westlake Cv
Lago Villa $9,350,000 $1,628 4 bd / 6 ba 5,742 sqft , 2026-08-13

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

$35,976/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

$1,499,000

20% conventional investment loan

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

Estimated Gross Rent+$35,976

Principal + Interest−$40,903

Property Tax (~2.1% TX avg)−$13,116

Insurance (~0.5%)−$3,123

Est. Monthly Cash Flow $-21,166

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.

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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.

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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.

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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.

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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

About the Author

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 23, 2026.

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

2503 Westlake Dr #301