Active Listing  ·  45 days on market

2505 Bluebonnet Ave #4

Austin, TX 78704
$685,000
2 Bed 3 Bath 1,519 sqft $451/sqft Built 2026 0.06 acres 2-Car Garage Pool New Construction Del Curto

*Ask about our current offers (3% flex cash)* PRIME LOCATION!!! LIGHT AND BRIGHT MODERN NEW CONSTRUCTION TOWNHOME IN THE HEART OF VIBRANT SOUTH LAMAR! This spacious 2 bedroom, 2 bath home is tucked away on Bluebonnet Lane in a small and private 18 unit gated community. Enjoy the walkability of this convenient location – cool cafes, restaurants, bars, parks, theaters, green spaces and artistic experiences are minutes from your doorstep. Less than 2 miles to Downtown, Lady Bird Lake, Zilker Park, and easy access to Hwy 290, 360, and Mopac. This open concept floor plan lives like a single- family home. High-end interior finishes - hardwood floors throughout, 12 foot ceilings, 8 ft doors, recessed lighting, 2 car garage with ample storage, 1 additional parking spot, and a small fenced backyard. The kitchen is equipped with a breakfast bar, quartz countertops, BOSCH appliances, upgraded soft-close cabinetry, and a walk- in pantry. Upstairs, the bright owners retreat is inviting with an ensuite bath with a large oversized walk-in shower, double vanity, walk in closet. The secondary bedroom has an ensuite bathroom and can be used as an office or guest room. There is also a dog park for your furry best friend. HOA covers exterior maintenance, exterior insurance & landscaping of the yard. Warranty included.

At $451/sqft, this home is priced 15% 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

2505 Bluebonnet Ave #4, Austin, TX 78704

Property Details

Price $685,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths 1
Living Area 1,519 sqft
Lot Size 0.06 acres (2,504.7 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Townhouse
Subdivision Del Curto
County Travis
Zip Code 78704
$/sqft $451/sqft
Days on Market ,
HOA $300/Monthly
Annual Tax Est. $11,060.6
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT237015930
List Date June 20, 2026
Elementary School Dawson
Middle School Lively
High School Travis
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
8610 Melshire Dr
Northwest Terrace Sec 03
$685,000 $336 3 bd / 3 ba 2,038 sqft , 2026-04-12
1201 Luna St
Chernosky 09
$685,000 $353 3 bd / 3 ba 1,940 sqft , 2026-03-26
1600 Barton Springs Rd #5601
Bartonplace Condo
$685,000 $602 2 bd / 2 ba 1,138 sqft , 2026-08-01
2505 Bluebonnet Ave #5
Bluebonnet Lofts
$685,900 $452 2 bd / 3 ba 1,519 sqft , 2025-05-09
708 Chicon St
Oil Mill
$684,000 $429 3 bd / 3 ba 1,596 sqft , 2026-04-02

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
$3,288/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
$137,000
20% conventional investment loan

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

Estimated Gross Rent+$3,288
Principal + Interest−$3,738
Property Tax (~2.1% TX avg)−$1,199
Insurance (~0.5%)−$285
Est. Monthly Cash Flow $-1,934

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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